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Advice needed

FBM
Posts: 4 Newbie

I worked for the NHS and joined the sports and social club where I saved £50 per month for a number of years . Having left this employment in 2005 ,I'd forgotten about my savings until recently when I found all my old pay slips showing deductions for said amount each month . After contacting the treasurer, I have been offered a good will gesture of just £200 as a full and final payment . Obviously , for 2 years I'd paid in considerably more than this so not really happy with their decision . I understand that time has elapsed and records would be destroyed, but they have a.c. counts showing in 2013 that I made 2 withdrawals totalling £450. Since that date i had worked and paid another 2+ years into said savings club . How can i redeem what I've actually paid in please . Any advice gratefully recieved
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Comments
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While I can see there is an argument that they don't have store all the transaction records from years ago, I don't see that they can argue that they had a right to destroy the records of the balance you held with them. If you paid money in and drew money out in 2013, they should still have a record of the balance that you have with them. Only if the withdrawals reduced the balance to zero would it be reasonable to delete a record of the balance. Most financial organisation would do this after 6 years, so it is reasonable that there is no record of the balance if it went to zero in 2013.
However, you know that you made deposits of at least £1200 after that time, and this balance should be on record. If it is not, the club is guilty of poor booking or worse, and I would be writing to the chairman threatening legal action; both civil and criminal.
The comments I post are my personal opinion. While I try to check everything is correct before posting, I can and do make mistakes, so always try to check official information sources before relying on my posts.1 -
Apologies , the withdrawals made were in 2003 not 2013. ( typo error)
Would this make any difference please?0 -
How much you can expect to get back depends on the terms and conditions under which you made the payments. “Sports and social club” doesn’t sound like a savings account to me, so it wouldn’t be surprising if you can’t get all your contributions back. Have you got the T&Cs, and what do they say?0
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No unfortunately, I don't have the terms and conditions , but the interest was considerably more than the banks at the time . Membership was paid to join the sports and social club and their savings scheme . I will see of I can get the it's and pc's. Thank you for your reply0
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https://www.moneysavingexpert.com/loans/credit-unions/
Was it some form of Credit Union?0 -
Just a savings club.0
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FBM said:No unfortunately, I don't have the terms and conditions , but the interest was considerably more than the banks at the time . Membership was paid to join the sports and social club and their savings scheme . I will see of I can get the it's and pc's. Thank you for your reply0
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FBM said:Just a savings club.
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