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Faulty ATM

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Hi everyone, I received a letter from my bank a few days ago informing me that Nationwide bank has asked them to refund me £30 plus £5 interest for their ATM machine not either give me the money or did not dispense the whole amount I request although my bank account was debited. I was not aware of this as I usually don't stand there counting money at ATMs especially when there is a long queue behind you. According to them. the date of the transaction was 28 January 2008. That is over 8 years ago. Why did they keep my money for so long. Does to amount to professional negligence? Can I charge them daily compound interest for holding my money illegally for 8 good years? Thanks

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  • Nasqueron
    Nasqueron Posts: 10,781 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Victor247 wrote: »
    Hi everyone, I received a letter from my bank a few days ago informing me that Nationwide bank has asked them to refund me £30 plus £5 interest for their ATM machine not either give me the money or did not dispense the whole amount I request although my bank account was debited. I was not aware of this as I usually don't stand there counting money at ATMs especially when there is a long queue behind you. According to them. the date of the transaction was 28 January 2008. That is over 8 years ago. Why did they keep my money for so long. Does to amount to professional negligence?

    They made a mistake and realised it (or made a typo on the letter) and have refunded you the cash and £5 compensation.
    Victor247 wrote: »
    Can I charge them daily compound interest for holding my money illegally for 8 good years? Thanks

    No. It's not illegal and you can't charge them anything.

    Sam Vimes' Boots Theory of Socioeconomic Unfairness: 

    People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.

  • This made me chuckle and really seeing as you never it went from your account why are you worried here, More so they have rectified it and you should be grateful for this fact.
  • I have checked with my bank and the money did go out of my account in 2008
  • Victor247 wrote: »
    I have checked with my bank and the money did go out of my account in 2008

    And you are getting it back so no real issue here, More to the point you had no idea it was taken in error so really should be grateful it is being dealt with here.
  • DCFC79
    DCFC79 Posts: 40,641 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Just move on victor.
  • Phone the Daily Mail and show them your sad face.
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