Cambridge Global Automated Credit

Jo4

I logged into my bank account today to see the following transaction "Cambridge Global Automated Credit".

Does anyone know where this payment came from or who uses this company to make payment because I do not recognise the amount nor the company who made the payment?

This is a joint account with my husband and he has his own bank account with the same bank as this account is in and it has been hacked numerous times so I am afraid that this account has now been hacked too?!?

My husband phoned the bank there now and they asked him what he knew about the company and he said "nothing" and the male he spoke to said "you know as much as we do. Phone the company that made the payment". He also tried phoning Cambridge Global and they are closed.

JuicyJesus

Cambridge Global appear to be an FX company.

Without calling them I don't know what to suggest, other than to not spend the money.

You probably haven't had your account hacked.

Terry_Towelling

Is it a credit to the account - that isn't clear from the post - or is it a debit card transaction and the retailer's name includes the word 'credit'?

Either way it doesn't sound like 'hacking'. Hacking is where you get around the security measures of a system to gain access to everything within that system. Perhaps you are thinking that someone has accessed your account by using your log-in details, but that doesn't sound likely if it's a debit card transaction and even less likely if it is a credit.

Chino

Terry_Towelling wrote: »

Is it a credit to the account - that isn't clear from the post

I think it very much is:

Jo4 wrote: »

Does anyone know where this payment came from

Terry_Towelling

See you've been in the knife box again, Chino.

Do you actually have anything positive to add to the thread or are you just making your usual pointless interjections?

By the way, you forgot to start your post with the word, 'evidently'.

Woosie-uk

Well I had two credits (15 pounds each) into my bank account from

"Bank credit CAMBRIDGE GLOBAL"

yesterday (14th june) and I have no idea what it's from !! SO was googling and came across this thread !

Jo4

I was wondering if I had clicked a button from this website for something that I had forgotten about and that someone on here would know what the money is for.

It is only a small amount but I was not expecting to receive a credit so I am uneasy as to where it has come from. The money is still in the account at the moment.

Jo4

The other thing is when my husband phones the company that lodged the money he will more than likely have to give our bank account sort code and account number that the money was paid into but I do not think it would be safe or wise to give them a contact telephone number, name or address but if we do not give them that information will they tell us why the money was lodged into our account in the first place?!?

Ben8282

My understanding is that you have received a payment into your account for a small amount identified as Cambridge Global Automated Credit.
Assuming it is for a small amount, nobody is going to accuse you of money laundering and block your account, so what are you so concerned about? If a small payment was received into my account I certainly would not imagine my account had been hacked.
I get the impression from their website that Cambridge Global offer some sort of payment processing service on behalf of their clients so they could in fact be making this payment on behalf of any client. I don't know what it is for ... a share dividend perhaps or something similar?
A quick look at their website gives the impression of a perfectly respectable organisation.
Strange how posts like this get us to look at the websites of companies that we had never previously heard of. Great way of promoting them and drawing attention to their existence.

Terry_Towelling

It couldn't have any connection with the Royal Mail Monitoring and Posting Panel could it? I've had a quick look at a thread on this and it seems participants get incentives for doing something or other (no idea what). Could this be a cash incentive following a market research survey or whatever it is you do with the Royal Mail thing?

Jo4

Ben8282 wrote: »

My understanding is that you have received a payment into your account for a small amount identified as Cambridge Global Automated Credit.
Assuming it is for a small amount, nobody is going to accuse you of money laundering and block your account, so what are you so concerned about? If a small payment was received into my account I certainly would not imagine my account had been hacked.

As far as I am aware I do not own that money so someone else may be sitting waiting on that money to be credited to their account to pay their bills and they cannot. As I am an honest person it doesn't sit easy with me that I have something belonging to someone else and I cannot give it back to them.

The company does not open until tomorrow so I cannot do anything about it until then.

My husband's bank account has had numerous DDs set up on it for pet insurance, magazine subscriptions (which are still being delivered to us despite my husband telephoning the bank - cancelling the DD and telephoning the magazine company who are sending the magazines), travel insurance...