We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Ibp Wot Is It??

stuandtracey
stuandtracey Posts: 3 Newbie
in Budgeting & bank accounts
I have Royal Bank Of Scotland account. We recently paid a cheque in and the funds were there. Now it says IBP Funds dispute and the funds are showing as withdrawn. Does anyone know what this means.
Sorry if thread is wrong place first time user. Thanks

Comments

  • Scousebird_2
    Scousebird_2 Posts: 811 Forumite
    Sounds like the drawer has denied writing the cheque and has reported it as a fraud perhaps-have you contacted the person who gave you the cheque??
    Loan-£3600 only 24 months of payments to go!!!
    All debt consolodated and cards destroyed!!
    As D'Ream would sing 'Things.....can only get better'!!!
  • stuandtracey
    stuandtracey Posts: 3 Newbie
    The cheque came from family member and I am sure it is not a fraud.
  • jonesMUFCforever
    jonesMUFCforever Posts: 28,898 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Sounds like the cheque has bounced.
  • Scousebird_2
    Scousebird_2 Posts: 811 Forumite
    Speak to your family member-could only indicate insufficient funds in that case.
    Loan-£3600 only 24 months of payments to go!!!
    All debt consolodated and cards destroyed!!
    As D'Ream would sing 'Things.....can only get better'!!!
  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    IBP = Inter Branch Payment.

    Was the cheque drawn on another RBS account?
  • stuandtracey
    stuandtracey Posts: 3 Newbie
    Cheque was coming from a different bank than the RBS. Thanks everyone for there help. Will hopefully get it sorted out.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 353.5K Banking & Borrowing
  • 254.2K Reduce Debt & Boost Income
  • 455.1K Spending & Discounts
  • 246.6K Work, Benefits & Business
  • 603K Mortgages, Homes & Bills
  • 178.1K Life & Family
  • 260.6K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture