Sent £14k to the Wrong Account.... So I thought...

lisyloo

I always triple check but if it’s a large amount I usually send a small amount first.

Ergates

paye wrote: »

The bank should have at least warned me when I was making the payment or told me about the auto sort code update when I phoned up. All along I thought it was my mistake.

Happy days anyway, I can now look forward to my new car tomorrow :beer:

How would the bank you were paying *from* know if a sort-code migration in the bank you were paying *to*?

Even if they were in the same bank, that would mean that all out-going transfers would have be checked against a list of migrated sort-codes, which would slow the process down. Is that really worth it for a tiny number of edge-cases like this?

tempus_fugit

Fingerbobs wrote: »

Some people say "Oooh, don't do that, it might look like fraud and your account might get frozen!" but I've always done this when sending large amounts and never had a problem.

I've had payments stopped for doing this that. Can't remember which bank, but they still went through after I had spoken to the fraud department. It doesn't stop me continuing to do it though as the ability of making a mistake is too high and I'd rather have it happen with a small amount than a large one.

paye

Ergates wrote: »

How would the bank you were paying *from* know if a sort-code migration in the bank you were paying *to*?

Even if they were in the same bank, that would mean that all out-going transfers would have be checked against a list of migrated sort-codes, which would slow the process down. Is that really worth it for a tiny number of edge-cases like this?

I take your point, but the bank should of at least told me over the phone that there was a possibility the payment may have been re directed due to an old sort code being used, instead of giving me the standard blurb on how they will investigate and come back to me within two working days and theirs no guarantee I will get my money back.

It's not the bank fault at all but the company I was making the payment to who provided me with outdated bank details in the first place.

The quicker the account name check comes into play the better.

I'm just glad it's all sorted now.