Account credited in error

WhatDoYouDoForMoneyHoney

Thrugelmir wrote: »

Highly unlikely that this is the case. You'd be surprised how many trolls post on here. Not least when the school holidays start.........

I see. You guys would know better than me. Wouldn't be the first time I've chosen to fight for and defend the wrong person!

WhatDoYouDoForMoneyHoney

brewerdave wrote: »

...just a bit of support for the above post -a few years ago our bank account was credited by over £100 which we weren't expecting.
I contacted the bank directly I noticed it -but they really weren't interested -they said that no doubt someone would be chasing within a week or two,to recover the money,the teller just suggested (with a laugh!) that I didn't spend it all at once ......but it never has happened!! For a couple of years I kept the extra always available -no longer bother!!:)
What really startled me ,was how little interest the bank showed:(

Careful, the pitch-forks will be out. I'm sure most of the good folks here would have donated it to charity instead :D

skyrocket

Given that the Op has spent the money and obviously the bank want it back, I'm presuming that the Op wouldn't have the £5k to pay back in one go, would the bank then take it back in instalments? How would that work? :huh:

matttye

skyrocket wrote: »

Given that the Op has spent the money and obviously the bank want it back, I'm presuming that the Op wouldn't have the £5k to pay back in one go, would the bank then take it back in instalments? How would that work? :huh:

They're effectively a creditor, as on the OP's version of events they did not dishonestly spend the money, so no crime has been committed.

That means they'll be able to use the same procedures available to other creditors, i.e. they can set up a payment plan or apply to the court for a CCJ.

skyrocket

Thanks for the reply Matttye. Has never happened to me but it seems to be quite a common thing from the replies on here.
Mistakes happen on both sides and people are human and fallible I guess, although from reading some of the replies to this thread I am wondering if some of them aren't a little chilly all the way up there on their high horses!
I think if it happens to me I like to think I will be putting it in a safe account and waiting until the bank asks for it back but I think it is good to know that if I spent some in error I could pay it back in instalments or something.

colsten

skyrocket wrote: »

Thanks for the reply Matttye. Has never happened to me but it seems to be quite a common thing from the replies on here.

I doubt it is quite common - - it is a fraction of the payments that go correctly. If everybody would report all the payments they received, you would have a real job finding the few incorrect ones.