At what point does being cute become fraud

ceredigion

many of us are quit happy circulating our own money and paying ourselves by DD to satisfy T&C to get interest which I don't have an issue with. Then I sore this on a another board


I over-pay my energy direct debit each month. My Santander 123 account pays me 2% on the direct debit. After a while I ask the energy provider to repay the excess credit back into my bank account.


Which to me at least is, lets say pushing the boundaries at best .
Then I read the last few posts on the Tesco's thread which is in the same vane


thoughts

innovate

You need to explain where you see fraud, or the potential for it.

May be you are not a native english speaker and/or have difficulties understanding the legal speak in T&Cs? Being shrewd doesn't mean you are cute, and vane, vain or vein don't necessarily come into it, nor do sores.

Generally speaking, as long as you abide by the T&Cs of your bank accounts and contracts with service providers, you cannot commit fraud relating to the accounts you have with them. If the firm you contract with has issued unlawful T&Cs that you agreed to in the reasonable belief they were lawful, you are not likely to get accused of, and/or prosecuted for, fraud. As we are talking about banks and utilities in the context, the likelihood that they would release unlawful T&Cs is next to nil.

ceredigion

cute

adjective (CLEVER) › wishing to seem clever, sometimes in a rude or unpleasant way:


http://dictionary.cambridge.org/dictionary/british/cute_2

innovate

You need to explain where you see fraud, or the potential for it.

See my earlier posts for the rest.

ceredigion

I am not saying it is fraud, but at sum point it becomes obtaining money by deception. just wondering where the line is

carhandle

Leaving aside the morality - unless you're absolutely lumping on the overpayments and taking the cash excess repayments every 3 months, that couldn't be worthwhile doing....could it?

I mean, you'll get 5% from a current account so giving up money which could earn that in order to gain 2% cashback surely isn't prudent?

baggers02

Saw not sore - sorry for correcting you.

baggers02

some point, not sum point - sorry again.

forgotmyname

The banks allow it so why not take advantage? I think someone said they were a bit short of what needed to be paid in each moneth so take money out of the machine and pay it in at the desk and they dont bat an eyelid.

Gromitt

I don't need to overpay my energy DD - the energy companies do it for me all by themselves, and are constantly altering the DD saying I've paid "Too much" and then "Too little".

So now each time they say I've paid them too much I ask for them to refund the excess amount instead of altering the DD, so I get interest on the excess, plus I get a constant cash back from Santander. Letting them keep the money would lose out on both cashback and interest.

M0ney

innovate wrote: »

You need to explain where you see fraud, or the potential for it.

May be you are not a native english speaker and/or have difficulties understanding the legal speak in T&Cs? Being shrewd doesn't mean you are cute, and vane, vain or vein don't necessarily come into it, nor do sores.

I'm with you, in so far as, poor grammar and spelling is something I don't like to see and the contributions you make to the forum are, on the whole, really helpful. That said, we're not all perfect and what's the point in insulting people by rushing in to correct any errors you spot?