to ask whats the maximum sum you would be prepared to write off in this situation

[user09090909E]

if you paid someone some money by mistake, they offered to refund it if you sent them your bank account details but you didn't want to give them your bank account details because you didn't trust them, what's the maximum sum you could live with as the cost of your mistake?

am in exactly this situation and am just thinking of writing it off. but unsure becauase of the amount.

Hahaha You are the one paying the money to someone else and asking then to send it back. You are more likely to be the scammer than them by your reasoning.

Repayment by PayPal. It’s free. All you need to give us your email address.

You are making so little sense, what you are trying to say is completely lost.

Your situation is 100% irrelevant 😂
You send money to someone you know, with bank details you knew were correct - either you sent the wrong amount or you clicked on the wrong payee, dismissed the confirmation request and sent anyway. You make a mistake full stop.

What does it have to do with criminal organisations laundering money onto complete strangers accounts?

Says the person who sent money someone money by mistake. How ironic. Be more cautious.

PayPal. This is a non-problem.

I'd give them the account number and sort code and ve greatufl they are happy to return it :)

How else would you expect them to pay you back? Having your bank account details is fine - don't you give them out all the time? Every direct debit, standing order etc. most trades - all ask or give out their bank details!
So for that simple reason, I'd expect it all back!

So the situation is you have sent someone some money by mistake (presumably someone you kind of know), that person wants to pay you back but you don’t trust them and assume they will either try to scam you or your details will be given to a scammer. Is there a reason you can’t ask for the money back in cash? How much is it because I wouldn’t be prepared to lose more than £100 in this situation

Are they known bank hackers? If not then YABU.

@housethatbuiltme

But none of these things work if your not a complete fucking moron that lives under a rock.

I'm not so arrogant as to think that I could never fall for a fraud like that People who think only 'fucking morons' fall for banking frauds are themselves on that level.

Fraudsters are sophisticated clever and adept at using fear and urgent pressure tactics. Like romance scams, the media is absolutly full of accounts from people who were 'that would never happen to me, I'm too clever'.

You may think like that but I'm not so arrogant

The tin foil hat is shining in the sun with this one.

Don't think you can set up a DD using just bank details. You need to authorise with your bank, normally using your online private client access code, then it is authenticated before being put into effect.

Money laundering - paying money into your account without your consent.

1. it's not money laundering if you don't then partake in the next part of the process; it's just the same as what's happened here - a person has paid money into the wrong account by mistake

Phishing - pretending to you they are your bank because they have that number.

1. Educate yourself with what the bank will call and ask from you. If in doubt, never give out details and call the bank back using a number you've found on a statement or something

With your name and address, use the info to bolster fake loan applications.
Set up a direct debit using a fake signature

1. loan apps need at least three years of address proof, and if something slips through the net, then because you are regularly checking your profile (because I suspect you are) then you can raise this as a fraud issue and if necessary have a CIFAS notification put on your record.
2. Cancel any DDs no in your name and notify the bank.

I don't believe I'd be on the hook for any money that was lost after this incident and I wouldn't be prepared to lose it all by not giving my s/c and account number to them. You could even ask your bank to set up a new account and transfer all your payments etc. over afterwards.

However, if you don't trust this person ask them to send you a cheque. They can order one through their bank if they don't have one.

What is the situation where the money was accidentally given as this sounds a bit like a scam?
If the amount is less than would make an impact on my daily life I would strike it up to bad luck. If it was more I would speak to my bank for advice.

OP, £5 is the most I'd write off.

How much would you write off?

😆🤣😆 I'm not insane. You're the one going on about how money mules can send you unwanted money - but that's exactly what you've done.
Don't get your money back, I don't care - but your hostility to others on this thread is unreal.

You are the one who sent them the money in error so the onus is on you to provide the information they need to resolve it. Frankly, If you sent me money by ‘accident’ by bank transfer, I won’t be accepting any other method to return the funds to you, I’ll be returning it back , the same way to the same account it came from because really, I don’t know if you’re the one trying to use my account for ‘layering’ or something because you can then claim that you never got the money back if I paid cash

Oh - forgot to say this - if you speak with your bank, they can initiate the process from their end. It'll take time, because it's a message from your bank to theirs, to check the funds are there and then ask the account owner if they're willing to send it bank. If they say yes, the bank can then do the transfer themselves. But if they say no, you owed this money or whatever, then tough luck.

Incidentally how did you manage to send this money? Does your bank not have a "are you sure this person is who they say they are?" type message before you send a payment?

What a bizarre post, you seen excessively worried about this? You haven't even said how much money it is that you've somehow sent to the wrong person. You seem convinced they're going to do something criminal with your details though so you would be better off writing it off and getting on with your day.

This is such a weird thread! Ask for a cheque OP and move on with your life.

So put us out of our misery OP. How much is the amount that you're getting so worked up about?

Not true. See Jeremy Clarkson’s story

news.bbc.co.uk/1/hi/entertainment/7174760.stm

This is a great post and just highlights you’re being extremely paranoid. Two things to add:

1. no need to give your address when giving bank details
2. you will be covered by the direct debit guarantee scheme so would be refunded in the event of any fraud

I am also an expert in this area and the risk of giving out your bank details is minuscule.

And are you worried that if you give this person your bank details you may have someone contact you "with a fake story about mistake payment asking [you] to pay it back but [you] can keep £1000 or whatever sum for their trouble - so create an innocent money mule" any time soon?

Surely you'll not fall for that
What method did you use to send/provide the payment to them in the first place?

I imagine many security efforts have been implemented since 2008.