Interest

michele74

Barclays have been sat on a amount of money that should have been paid to me 7 years ago. Will the money have gained interest and should that be paid to me. 

Thank you. 

Brie

Possibly.  But it depends on what the money and account are. 

If it was a savings account paying interest of any sort, then of course but is likely to be .1% or similar.  If it was PPI that they have taken a long time sorting then definitely and more likely to be the industry standard of 8%.  

[Deleted User]

It depends on the circumstances of why they were sitting on it and why and how it should have been paid to you.

michele74

It was a ppi claim thay sent the first cheque to wrong address. I paid tax on it 2014. And june this year received the cheque for claim. But no addad interest. Im sure thats why the claim had to be reopened. 

dunstonh

Was the address mistake their fault or your fault?