26 posts in this topic

Posted

It was a sickening, gut-wrenching moment when, one evening in October 2012, Sally Donaldson checked her bank account and realised she had made the silliest financial mistake of her life.

Two years earlier, hairdresser Sally had organised for her monthly pay,

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Posted

Man, it's amazing how the slightest thing does so much damage.

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Posted

Sounds like a good lawsuit to me.

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Posted

I check every number a dozen times whenever I make bank transfers. The name doesn't mean anything when making transfers, my (current) bank doesn't even provide that field anymore.

Also if I was doing payments like that I'd be checking after the first one (and from time to time after that) that it was indeed ending up where it was supposed to.

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Posted

This is one of those rare situations that a person should have the ability to sue the way we do in the USA. Refusing to pay it back should be illegal. There is no way the recipient didn't know that money didn't belong to them.

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Posted

Sounds like a good lawsuit to me.

You have to have somebody to sue, first, and the bank has to protect that person's identity so there's probably no chance of that happening.

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Posted

I don't understand how it went unnoticed for so long. You'd think a normal person would check their monthly back statements at least once in that time period.

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Posted

I check every number a dozen times whenever I make bank transfers. The name doesn't mean anything when making transfers, my (current) bank doesn't even provide that field anymore.

We are all just a number. :ninja:

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Posted

The recipient probably justified spending the money as it was the bank's error. However, this story puts a name and story to that windfall. In the end it's not the "cold-hearted bank" that was hurt, but someone innocent who made a mistake. Although we don't know the recipient's circumstances, they shouldn't have spent money that wasn't theirs.

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Posted

Why is it a $40,000 typo when it was

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Posted

I don't understand how it went unnoticed for so long. You'd think a normal person would check their monthly back statements at least once in that time period.

15d9nvc.png

It is unusual. The only thing I can think is that they were so focussed on saving that they just didn't want to check their account. I don't know, it's a sad story, especially when you read on and see that their joint income is less than

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Posted

Why is it a $40,000 typo when it was
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Posted

Why is it a $40,000 typo when it was

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Posted

The recipient probably justified spending the money as it was the bank's error. However, this story puts a name and story to that windfall. In the end it's not the "cold-hearted bank" that was hurt, but someone innocent who made a mistake. Although we don't know the recipient's circumstances, they shouldn't have spent money that wasn't theirs.

As the article states, the recipient wasn't legally entitled to spend the money. They're only getting away with it because the bank isn't prepared to recoup the money from them.

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Posted

Maybe they did it on a US keyboard.

lol, afaik, US vs UK keyboard layouts do not have 2's and 4's, 6's and 0's and even more weirdly, 0's and 5's reversed ! ;)

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Posted

I'd save the money for the first couple months... then I'd probably be like, ok this is weird and report something.

But honestly if you screw this up this many times without checking your balances in your accounts and somehow not being notified you're months and then years in debt without payment..... idk, you deserve it, I guess I'm saying. You deserve to not get that money back. But maybe that's just me.

The receiver should still return the money, but in all honesty, I don't really feel bad for the woman if they don't.

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Posted

The fact she correctly entered her surname as the intended recipient at Nationwide, alongside the correct sort code, counted for nothing. When banks transfer money, they use only the sort code and account number

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Posted

This is one of those rare situations that a person should have the ability to sue the way we do in the USA. Refusing to pay it back should be illegal. There is no way the recipient didn't know that money didn't belong to them.

Really? You wouldnt realize if an extra 1000 was being transferred into your account every month? :huh: You'd have to be rich to not realize it, and the fact that this person doesnt have the money to pay it back cancels out the rich part. Just another example where people will try and get away with as much as they can. God forbid the person called their bank to see where the money came from... nope. Ill just spend it and plead ignorance when the times comes.

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Posted

Really? You wouldnt realize if an extra 1000 was being transferred into your account every month? :huh: You'd have to be rich to not realize it, and the fact that this person doesnt have the money to pay it back cancels out the rich part. Just another example where people will try and get away with as much as they can. God forbid the person called their bank to see where the money came from... nope. Ill just spend it and plead ignorance when the times comes.

You might want to re-read what you quoted. I think you misunderstood...

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Posted

You might want to re-read what you quoted. I think you misunderstood...

thanks! :blush: my apologies to ILikeTobacco (this is why you dont use double negatives :rofl: )

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Posted

Sounds like a good lawsuit to me.

This isn't america.

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Posted

If it takes that long before you even notice...your fault.

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Posted

This wouldn't happen in my country.

When you enter the NIB (local bank account number) it displays a String of who/what owns the account.

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Posted

This never could have happened in Belgium and shouldn't happen anymore in Europe either as long as you use IBAN numbers instead of national bank account numbers. In both our Belgian account numbers and IBAN's there is a pretty good check built-in. Replacing a single character will always invalidate the account number, switching the positions of two numbers will too. All other changes are also pretty unlikely to still be valid (unless you're really unlucky).

UK bank account numbers don't have checks built in?

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