Banks are w@nkers

Shitti lawyers I would say.

Pensioner: Can I have my £193,000 back?

Bank : No, but as a goodwill gesture you can have £25!

In order to get 193 grand he can't even read 14 digits accurately and then type them in again. Talk about advertising your stupidity.

tbf a sort code/acc number that does not match the account name should flag up and reject the transfer. I believe that happens in most countries.

But here you could have Mickey Mouse as account name and it will go through.

Also don't understand how the guy who received the money and tried to keep it is not in trouble.

Just because he never spent it ?

tbf a sort code/acc number that does not match the account name should flag up and reject the transfer. I believe that happens in most countries.

But here you could have Mickey Mouse as account name and it will go through.

The system would grind to a halt if every time someone used Pete, Stevie, Jim, Alex, Co., Ltd instead of a person or companies real name. What matters is the sort code and account number. If you are too thick to read that then you need to accept responsibility.

I personally know someone who did the same thing and sent a few hundred euros to the wrong account. He was able to track that person down using his contacts at the bank and confronted him. The lad told him he had spent half of them but would return the other half. The amount was too small for him to bother taking the legal route so he took his losses.

In Germany you don't need the name matching. The IBAN and BIC is all that matters. And rightly so.

I always understood that it was 'illegal' to keep funds paid in error, although you have to feel for what the guy went through to get it back. It should have been an open and shut case for Barclays, especially with a reasonably large sum like that. Who would not fight for it, so why did Barclays even tempt the bad publicity. Strange.

When the bank inadvertently made you richer with an injection of fund that is not yours into your account they will and have asked for the fund to be returned; if spent back you'll still need to reimbursed the bank.

I'm astounded in the present time a transaction of fund without a matching sort code, account number and name could be completed (successfully) without a red flag being raised prior; we cannot complete a purchase without a correct pin entered online (usually) or access an account/entity if the password and/or pass number are incorrect.

Trouble is -- this story will doubtless cue a few copycats trying it on.

1) transfer £1,000 to friend A
2) tell bank it was meant for friend B
3) demand compo
4) profit

5) knock on door from fraud squad.

It is like the bookies and voiding bets, palpable errors and so on.

Most of the time it sort of works to protect bookies from sharks. Sometimes the innocent are penalised.

But until the law is changed to make bookies or banks responsible, it is easier for them to potter on with their ramshackle systems instead of adding proper checks before transactions are accepted.

last year someone sent a few hundred quid to my account, I phoned the bank to tell them, they said there was nothing they do can unless someone comes forward, couple of weeks later I was in Tesco and my card was rejected, went home, phone bank, they said my accounts was frozen because of suspected fraud, I explained I was the one who phoned the bank when the unexpected 500 odd quid landed in my account, then explained if I was going to defraud someone in this way, 500 pounds is hardly some life changing amount, they unfroze my accounts after I explained that they were more than welcome to contact the police if they suspected fraud, I think at that point the penny dropped that it was probably the person on the other end that either made a mistake sending the money to the wrong account of they were trying some compo claim scam.

Either way it left a very bad taste with me, embarrassing to be at a checkout and your card is rejected

I can imagine with a username like yours. Hope you've better luck with 'sports'.

Dec 8, 2019 -- 10:45AM, Ramruma wrote:

Trouble is -- this story will doubtless cue a few copycats trying it on.1) transfer £1,000 to friend A2) tell bank it was meant for friend B3) demand compo4) profit5) knock on door from fraud squad.

multiple criminal offences and probably blacklisted by banks, seems like a great plan!

The exams to be a criminal are very lax these days. Look at the number of scumbags committing murder on cctv.

impossible123..I don't get it

^^
Just my advance sense of humour linking your very unusual username to what happened with your account in a comical way.

something doesn't seem right here    ...all he did was relay the wrong sort number  ...this must happen all the time every day  ?  so how has this guy come undone  ?

Because if you say pay the money into
...acc number 12345678
...sort code  11-22-33

Then, if that combination off sort code/account number exists, then the money  will be received by that account, regardless of what the name on the account is (as the system does not check names)

not a foolproof system exactly  ,,,bloke who recieved should have paid back or charged with fraud  ...if money turns up in your bank it should be your duty to return it after the bank has made a request .

ridiculous scenario

recieved

received

this is a nonsense story.

banks do not 'reuse' or duplicate account numbers.


it is impossible for two different people to have the same account number with different sort codes

Since Barclays has publicly apologized and paid over 46k in legal fees to the affected person, it is clearly not a nonsense story.

Of course two people in two different branches of the bank can have the same account numbers. Not sure how Barclays works but here in Germany, Sparkasse Munich for instance is a different entity to Sparkasse Berlin. Both have the same parent company. But there are over 400 regional sparkasses all of which are completely different from one another. They all have their own websites(yes, over 400!). They told me quite clearly that people can have same account numbers.

They told me this when i moved to a new city and wanted my account transferred. They said they dont do it as they are an independant bank, not related to the other Sparkasse branches