Ibp Wot Is It??

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 Now it says IBP Funds dispute and the funds are showing as withdrawn.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

  • 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'!!!
  • The cheque came from family member and I am sure it is not a fraud.
  • Sounds like the cheque has bounced.
  • 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?
  • 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
  • 349.9K Banking & Borrowing
  • 252.7K Reduce Debt & Boost Income
  • 453K Spending & Discounts
  • 242.9K Work, Benefits & Business
  • 619.7K Mortgages, Homes & Bills
  • 176.4K Life & Family
  • 255.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 15.1K Coronavirus Support 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.