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Re: Bank have accidentally credited me with £19,000 - legal position????
I have heard off this a few times!:o,and we USED to trust then with our money!!! It firstly happened to a friend off mine, she rang them and told them and they took it off her straight away , she had two payment off over 35,000, not a thanks or a gesture off good will as this could happen.....
The same thing happened to a family member. She left the money there for a while, then a few months later started dabbling into it! I think they put about 6,000 into her bank account. The bank realised about 6 months down the line, and the only thing that they could do was to ask her to pay it back in instalments that she could afford.
I personally coudn't touch it as in the long run i'm sure that your dad will end up having to pay it back.
Not too sure about the legall side off things sorry.
Re: Bank have accidentally credited me with £19,000 - legal position????
I would think that it would be extremely difficult to seperate the interest you have earned from your own money from the interest earned on the £19,000.
As you rightly say, it is not your money and it will have to be repaid, but I would say that the interest is yours
That is my opinion. If anyone knows differently, I will be pleased to be corrected.
Regards, Rooster.
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Re: Bank have accidentally credited me with £19,000 - legal position????
Only a few days at the moment, but I suppose it depends how long it is before they notice it.
Never had £19,000 in the account so unsure how much interest it would be anyway. Not a high interest A/c, just ordinary current which has pitiful rate!
Re: Bank have accidentally credited me with £19,000 - legal position????
Open a high interest one with no penalty for accessing the money, then transfer the money ASAP, and when they ask for the 19k back, give it back, keep the interest!
Just kidding... (although... )
I don't think they'll worry about the interest either, tbh.
To save from temptation to dip in it, I'd contact the bank ASAP to make them aware.
Apologies to people who I was in the process of helping, I may be gone some time.
Re: Bank have accidentally credited me with £19,000 - legal position????
I have been told this by an ex bank manager. if the bank has credited an account with money that shouldn't be there then they can take it back but if they don't for what every reason you have to show reasonable behaviour. so if you were to write to the bank making they aware if it and asking if they have mabe a mistake by putting the money in your account. you would seen as acting reasonable. If the bank came back and says that there has been no mistake made or don't remove it then they would find it quite hard to take any legal action against you if you used some of them money.
IMO i think you should ring the bank and fine out why they have credited that money to the acount and if it isn't yours and get them to remove it as banks have holding accounts for things like this.
Re: Bank have accidentally credited me with £19,000 - legal position????
Unfortunately you will have to pay the money back.
I would give the branch a call.
Happened to me a year ago with £500.00, which resulted in a cash difference.
Having been on the "other side of the counter", I really appreciated when customers told us of the error.
Bank have accidentally credited me with £19,000 - legal position????
have accidentally credited my Dad with £19,000!!
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Re: Bank have accidentally credited me with £19,000 - legal position????
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Originally Posted by HydraUK
