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Are my bank details on a faster payment to my sons account?
tia
sx
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You will need to give them to him.sparkiemalarkie said:Hello, I have sent some money from my Santander account to my sons Monzo account by faster payments. He has let me know that he doesn't need the money and will return it to me. Will he have my bank details from the original transfer or will I have to give them to him?
tia
sxI’m a Forum Ambassador and I support the Forum Team on the In My Home MoneySaving, Energy and Techie Stuff boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.
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He won't have your bank details.
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all he'll get is whatever reference you put on the payment like "xxx from sparkie" or similar.I’m a Forum Ambassador and I support the Forum Team on Debt Free Wannabe, Old Style Money Saving and Pensions boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
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Be aware that money in quickly followed by money out to the same account may trigger a flag for possible money laundering with your son's bank.1
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Certainly possible, however, I have done exactly that, between Skipton and Halifax, every month, for over two years now.Ayr_Rage said:Be aware that money in quickly followed by money out to the same account may trigger a flag for possible money laundering with your son's bank.3 -
From your own accounts or between two in different names?wiseonesomeofthetime said:
Certainly possible, however, I have done exactly that, between Skipton and Halifax, every month, for over two years now.Ayr_Rage said:Be aware that money in quickly followed by money out to the same account may trigger a flag for possible money laundering with your son's bank.Sam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
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Just ask him if he has them.sparkiemalarkie said:Hello, I have sent some money from my Santander account to my sons Monzo account by faster payments. He has let me know that he doesn't need the money and will return it to me. Will he have my bank details from the original transfer or will I have to give them to him?
tia
sx1
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