Bank won’t let me retrieve credit on credit card

I was going to say have you tried ringing them. I once accidentally transferred a large sum from my cash account to my credit card instead on my savings account, stupid or what. I rang them up and they moved it back, felt like an absolute idiot, it would have taken many months to spend it on my credit card. I am a lot more careful about clicking on accounts in the drop down menu since then.

No need to be so rude, especially when you clearly have no fraud knowledge!! If you did you would know that it absolutely can be a fraud flag!!!

From someone who spent many years working in banking, I would say you don’t understand money laundering. Whilst a one off refund isn’t likely to be that. Refunds / Credit balances etc are red flags for it in a wider picture.

Money laundering is about layering money to hide its source and make it appear that it comes from legitimate sources. Refunds from companies is absolutely part of that.

How do you think people launder money?!

If you want to save £640 you can still do that.! Save your normal wages and spend on the credit card. E.g. Food and petrol for the week =£100. Save that £100 and spend the £100 of food and drinks on the credit card.

Wow, which bank is this?

All banks charge interest and / or fees on cash withdrawals form credit cards (not to be confused with them transferring the credit balance).

Oh I think I had the wrong end of the stick (long week!)
I had two lloyds credit cards one was £0 balance the other £260, in my haste I accidently paid the balance of £260 to the account that was at £0, but thankfully Lloyds just transferred it over to the correct account without charging me interest. But I guess it was an obvious honest mistake.

I didn't do anything incorrect.

My bill was paid, then an event was cancelled and the money was credited back to my card.

I had a letter to tell me my account was in credit, when it shouldn't be. I used that card to pay for all household expenses until the balance was used up.

Heard nothing else from the credit card company because my next statement showed I had a balance to pay to them.

I hace two current accounts - a personal one and a joint one. My personal account had bought the event tickets. My joint one would have normally paid the household expenses. The only transfer of money was between my two accounts, to balance things out.

It is going to happen at times. There are times when I pay a bill in full, then end up needing a refund of something on the bill. Normally the refunded amount will be absorbed by the new spending, but occasionally it isn't.

Yeah I think someone had suggested she just withdraw the money as cash rather then wait for them to agree to refund (once the pending transaction had dropped off.)

It's interesting OP you being so indignant when this situation was caused by the fact that you don't have a handle enough on your money to know from which card you've paid your holiday on.

Happened to me. They refund the interest..it all balances through..

It's very annoying, but on the bright side, you would probably spend this amount on food and petrol over 1 or 2 months, and even if you had put £640 into a savings account, it would only earn you £2.36 a month in interest,

I have done that before- paid the bill for the wrong card.
The bill for the card i had paid came through and I realised. Paid that one and used the first card, that had credit for the next few transactions i did,to use the balance.

One, you deposit illicit or stolen money into a bank account.
Two, you buy an item on your credit card.
Three, you use the illicit or stolen money in the bank account to pay your credit card.
Four, you return/ cancel the order and request a refund for the item.
Five, the reputable company issues a refund to your credit card.
Six, you request a refund from the credit card company to your bank account (the same (step one) or a different account).
This layering is an example of money laundering.