www.theguardian.com/money/2019/dec/07/i-lost-my-193000-inheritance-with-one-wrong-digit-on-my-sort-code
I don't even know where to start with this.
A solicitor was sending an inheritance to a client. The client gave the right details, but the wrong sort code.
The bank transferred the money. The mistake was realised but the bank was unable to get the money back and the person who got it started spreading it around and refused to refund it,
Turns out that one of the solutions is to ensure that the name matches the account as well. This is all to do with bank transfer fraud.
This won't happen until March next year.
In the meantime, he went to court to force the bank to reveal the name of the customer. Barclays fought it - but eventually they had to. He did eventually get the money from the customer via the court.
The bank refused to pay the legal fees for what the client had to do. But when contacted by the Guardian, they did. All £46,000 of them.
It's too easy to make transfer errors - even if you check carefully. Banks should check carefully to ensure that the bank account is the same name as expected and there should be a system if money is put in the wrong account and the bank knows there's been an error.
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"I lost £193,000 but the bank offered me £25 in compensation"
160 replies
chomalungma · 07/12/2019 12:16
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