2007-06-08 06:01:08 · 3 answers · asked by Brithespark 1 in Business & Finance ➔ Other - Business & Finance
Under British law is it legal for a third party to act on the bankers bequest to transfer monies through other accounts.For this action the third party would receive a payment.
Or is this some fancy scam?
2007-06-08 06:21:08 · update #1
They usually transfer it to a holding account but keep a record in case it is claimed.
I do not think they can transfer it otherwise
They can not transfer it to as third party account that is theft or fraud
2007-06-08 06:05:39 · answer #1 · answered by Scouse 7 · 0⤊ 0⤋
Each state has laws on how to deal with unclaimed property. The legal term is called echeat. Generally, they're supposed to send it to a department your State set up for such a purpose. If the state allows monies transferred into other accounts, it is fine. However, I think that something funny is going on.
2007-06-08 13:07:35 · answer #2 · answered by Steve B 2 · 0⤊ 0⤋
You must have received one of those scam letters stating that a bank manager wants some funds transferred and asking for your help to do so. I'm sure you're wise enough not to fall for it.
2007-06-08 13:14:56 · answer #3 · answered by Prudie 3 · 0⤊ 0⤋