Bank Overpayment

abi113

I have recieved a letter from HSBC saying they made a payment on behalf of a customer in error. They basically forwarded £140 from my dads account to mine without instrution to do so. They have refunded my dad and want a cheque within 7 days from me .
I didn't even notice this overpayment and don't have he money to pay back , what can I do? Can I offer small repayments?
With thanks

Mikeyorks

abi113 wrote: »

I didn't even notice this overpayment and don't have he money to pay back , what can I do? Can I offer small repayments?

As they've written - rather than countermanding the credit - then, yes, you can offer an instalment arrangement.

But I wouldn't make it too 'small'. If you complain that you're on a tight budget - that will increase their curiousity that you didn't notice an unexpected credit? Which, from the way you phrase it, sounds more like a customer than a Bank error.

MABLE

abi113 wrote: »

I have recieved a letter from HSBC saying they made a payment on behalf of a customer in error. They basically forwarded £140 from my dads account to mine without instrution to do so. They have refunded my dad and want a cheque within 7 days from me .
I didn't even notice this overpayment and don't have he money to pay back , what can I do? Can I offer small repayments?
With thanks

Very strange you say you did not notice this overpayment. When they write you do not have the money to pay back and talk about offering small repayments. If would seem from your proposal you are on a very tight budget and receiving a £140 into your account must have seem like a windfall.

I think you were hoping to get away with it but has not paid off.