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typistretired

Just read in the paper about the man who had £150,000 paid into his bank account in error by Npower and the concluding paragraph states "Anyone who fails to inform their bank of a suspect deposit is likely to be committing the offence of retaining wrongful credit under the 1968 Theft Act".

eskbanker

typistretired wrote: »

Just read in the paper about the man who had £150,000 paid into his bank account in error by Npower and the concluding paragraph states "Anyone who fails to inform their bank of a suspect deposit is likely to be committing the offence of retaining wrongful credit under the 1968 Theft Act".

One of the online versions of the story also references people being jailed a few years ago for spending money that had been erroneously paid into the wrong account, although the fact that it was £135K undoubtedly contributed to this being brought to court....

http://news.bbc.co.uk/1/hi/england/lancashire/7269507.stm

Anthorn

innovate wrote: »

hmh. Interesting position to take for a person who in other posts defends the ethics of the Coop bank.

Yes it is isn't it.

If you were walking down a deserted street and found a wallet, no-one saw you pick it up, it contained thousands of pounds and you knew from the other items that it belonged to a millionaire, would you keep the money or hand it in?

Anthorn

wiseshark wrote: »

The bank cannot pass your details over to the person who accidently paid into your account so that they can contact you direct, not without your permission.

Do as the others have said and arrange to pay back this few hundred quid. It is the honourable thing to do.

They can do that if they reasonably believe that a crime has been committed. If they didn't do that they would be accessories to the crime.