s.kane Posted July 25, 2016 Share Posted July 25, 2016 Whichever bank it is, they made the error by not checking the cheque payee matched up to the account holder so tell the bank to p*ss off if you choose not to close the account Link to comment Share on other sites More sharing options...
Doctor FinnBarr Posted July 25, 2016 Share Posted July 25, 2016 I'm just happy when my wages get paid in every 4 weeks Link to comment Share on other sites More sharing options...
Shanks said no Posted July 25, 2016 Share Posted July 25, 2016 The bank will win in the end so unless you can cover it when they reclaim it I would own up (through gritted teeth). If you play it right you might get something out of them. It might be worthwhile trying to find out where the BGC has come from, if its another punter then they will be equally put out. Link to comment Share on other sites More sharing options...
frankblack Posted July 25, 2016 Share Posted July 25, 2016 I have worked in the bank & they can only re-claim the error if you keep your account open If you close the account then there's nothing they can do to re-claim the funds back I would assume that it is the fault of the employee processing the cheque (they keep copies of the slips for future reference, they should also check that the cheque name matches the account holder, this hasn't been done),the customer will enquire at same stage about the whereabouts of the funds, bank will notice error & correct the error from their in house loss accounts and probably issue compensation for inconvenience Everyone's a winner except the bank! Now close that account Sir! i would expect that the police would get involved once accounts get closed in these circumstances. Link to comment Share on other sites More sharing options...
s.kane Posted July 26, 2016 Share Posted July 26, 2016 i would expect that the police would get involved once accounts get closed in these circumstances. But the account holder has done nothing wrong, he's just "unhappy" with his bank, could be their interest fees or anything. It's the banks error & no criminal offence has been committed Link to comment Share on other sites More sharing options...
Silvery_Moon Posted July 27, 2016 Share Posted July 27, 2016 Happened to me a few years ago. I actually had to call a few times before I got someone to actually believe there was an error. I was given some nonsense that it was an excess overpayment from my ISA but I knew that wasn't the case.Eventually someone looked into it for me but they never did anything in the end. Link to comment Share on other sites More sharing options...
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