I owe HSBC money and they sent me a cheque out of the blue 7-10 years later for 50 pounds WTH?

SimonStevens1

Why did they do that?

I owe them hundreds!

BabyStepper

Phone them and ask? 

stokegal

I had the same cheque - the reference number related to an account I closed over 8 years ago. The attached letter looks like they did an an audit of their collections team and have compensated me £50.

The month before Christmas I’ve just counted as a Christmas bonus and deposited via the app and it was cleared the same day

SimonStevens1

Are they trying to figure out where my new account is?

SimonStevens1

Thanks thats VERY strange behaviour esp from a company, I cant believe it

[Deleted User]

SimonStevens1 said:

Thanks thats VERY strange behaviour esp from a company, I cant believe it

It's very common, so you're ok to believe it,

fatbelly

Just bank the cheque, guys

https://www.moneysavingexpert.com/news/2019/07/hsbc-to-extends-redress-scheme-for-customers-hit-by-unreasonable/

sourcrates

Perfectly normal, banks run checks every now and again to make sure they treated you in accordance with regulations, if any discrepancies are found, they usually compensate you for the breach, doesn't matter if you owe them money or not.

jadex

Not sure if to cash the cheque because it might be a fishing exercise after so many years...
I wonder if cashing the cheque may equal admitting the debt itself? Will it open can of worms?

vixx_123

I got a cheque from an electric company from 6+ years ago for £1 recently 😂

[Deleted User]

I’ve had a cheque from them too for £25. It went to my mums house as that was the address I was at when I held the account at age 19, which was 13 years ago. She’s sending it to me. .