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Bank have accidentally credited me with £19,000 - legal position????


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Hello

 

Oh joy!

 

RBS have accidentally credited my Dad with £19,000!!

 

I know that he'll have to give it back - or they'll take it back more likely!

 

Just wondering what the legal postion is regarding interest earned in the period etc....

 

Anyone had this happen to them before?

 

Best wishes

 

221b

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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.

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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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Out of interest, how long has it been there for?

 

Can't imagine you will accrue a great deal of interest for them to worry about unless it stays there for a while.

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RBS CA1 £2794 SETTLED!!! RBS CA2 £503 SETTLED!!! HBOS CC £498 SETTLED!!! Barclaycard £705 (with CCI) ONGOING!!! NATWEST CA ONGOING!!! LLOYDS CA x 2, CC, LOAN ONGOING!!! HFC LOAN ONGOING!!!

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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!

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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! :lol:

 

Just kidding... (although... :rolleyes:)

 

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.

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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.

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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.

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Maybe they've started pre-empting claims? I wish...lol

Hee hee.....if only!

If my post has been useful, tip my scales and let me know

 

Always start with the User guide!

Stuck with RBS charges? Click here!!

 

RBS CA1 £2794 SETTLED!!! RBS CA2 £503 SETTLED!!! HBOS CC £498 SETTLED!!! Barclaycard £705 (with CCI) ONGOING!!! NATWEST CA ONGOING!!! LLOYDS CA x 2, CC, LOAN ONGOING!!! HFC LOAN ONGOING!!!

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