Virgin money RS - maturity

surreysaver

IanManc wrote: »

The Financial Ombudsman Service states the real position succinctly:

"Put simply, the general legal position is that someone who is given money by mistake should say what has happened and pay it back. But this may not be what consumers hear from friends or on the internet - where the informal advice might wrongly suggest that this is a case of "finders keepers"."

The money is clearly belongs to, and is owed to, the bank; and there is no legal requirement for "credit agreements" to be "in place" for a debt to exist or be enforceable.

Antrobus has already clearly explained the general right of set-off which banks possesses.

I'd also throw in the criminal offence of dishonestly retaining a wrongful credit, contrary to Section 24A Theft Act 1968, which says:

"(1) A person is guilty of an offence if— (a) a wrongful credit has been made to an account kept by him or in respect of which he has any right or interest; (b) he knows or believes that the credit is wrongful; and (c) he dishonestly fails to take such steps as are reasonable in the circumstances to secure that the credit is cancelled.
(2) References to a credit are to a credit of an amount of money.
(2A) A credit to an account is wrongful to the extent that it derives from— (a) theft; (b) blackmail; (c) fraud (contrary to section 1 of the Fraud Act 2006); or (d) stolen goods."

and:

"(8) References to stolen goods include money which is dishonestly withdrawn from an account to which a wrongful credit has been made, but only to the extent that the money derives from the credit."

Or to put it bluntly, you don't know what you're talking about and your desperate attempts to justify dishonestly keeping hold of approximately £45 which does not belong to you are increasingly sad. :wall:

Obviously I know as much about the issue as Virgin Money, otherwise they would be explaining this to people

IanManc

IanManc wrote: »

It was paid to you by mistake, you weren't entitled to it under the terms of the account, it isn't your money, and the bank is entitled to have it back.

veryintrigued wrote: »

Rejigged that for you.

The only winner here is my local hospice who receive the overpayment.

I waste time on opening and dealing with duplicate correspondence. Whilst theyd rather waste time doing this rather than resolving the issue.

Crackers

I have reposted what I actually wrote in bold.

I did not say what you are quoting me as having said, and that posting does not reflect my views.

Your writing your own posting, pretending that I wrote it, and publishing it on this site is under my name is fraudulent and dishonest, and I have reported it.

veryintrigued

IanManc wrote: »

I have reposted what I actually wrote in bold.

I did not say what you are quoting me as having said, and that posting does not reflect my views.

Your writing your own posting, pretending that I wrote it, and publishing it on this site is under my name is fraudulent and dishonest, and I have reported it.

Have you missed the 'rejigged for you' statement in your haste to report me and quote 'fraululence'?

Time to take some screen shots me thinks

IanManc

veryintrigued wrote: »

Have you missed the 'rejigged for you' statement in your haste to report me and quote 'fraululence'?

Time to take some screen shots me thinks

No I didn't miss what you said, and I didn't do anything in haste.

However you try to justify yourself, you are not entitled to make up fake quotations of other posters and put them on the site.

Neil_Jones

Well I have now had a letter asking to pay back just under £39 that I received due to a system error (the 'double interest' thing).

I'm in two minds as to just ignore it or get in contact telling them to get lost, because, well its not my fault their system can't count (and its documented in other posts on here this has happened on all the other regular savers). But on the other hand, if I want to get new Virgin Money products in the future this may count against me. Hmm.

veryintrigued

Neil_Jones wrote: »

Well I have now had a letter asking to pay back just under £39 that I received due to a system error (the 'double interest' thing).

I'm in two minds as to just ignore it or get in contact telling them to get lost, because, well its not my fault their system can't count (and its documented in other posts on here this has happened on all the other regular savers). But on the other hand, if I want to get new Virgin Money products in the future this may count against me. Hmm.

Raise a complaint about their terrible systems and they'll write it off. They are well aware of their poor systems but unable or unwilling to fix.

Ashen

Bit bemused by the attempts to justify knowingly exploiting a known flaw, as if it was somehow an innocent error, and then somehow objecting to them asking for it back.

EDIT: slightly puzzled as to why my reply to the below has been deleted. Apparently a post pointing out false accusations is worse than the actual false accusations. And posts about exploiting a known system flaw to obtain money you're not entitled to are just fine!

veryintrigued

Ashen wrote: »

Bit bemused by the attempts to justify knowingly exploiting a known flaw, as if it was somehow an innocent error, and then somehow objecting to them asking for it back.

Remind us about those £1 direct debits you were looking to exploit Ashen....

1882

Finally rec'd my letter yesterday - I'm minded to ignore it.

veryintrigued

1882 wrote: »

Finally rec'd my letter yesterday - I'm minded to ignore it.

You could well be able to file that letter with one for the maturing issue 9 in two weeks.