my bank paid too much money into my account then took it back are they allowed to do this without my consent.?

Question

i claimed £2500 of unfair bank charges and my bank refunded the money twice. they spotted the mistake straight away and corrected it. can the bank withdraw the money without my consent. i thought once money entered your account it belonged to you and they couldnt touch it without your permission.

Answer 1

They can take it back. You have a duty to report any money entering your bank account that you are not entitled to, and not doing this and spending the money is theft (and people do do this and get sent to prison for it).

If the bank have paid you more than they should, they have every right to take it back, however you will get to keep the interest the money earns while the overpayment is in your account.

Answer 2

I understand where you're coming from, but i'm pretty sure that if they have recorded why they have put the money into your account both times and that they are both for the same payment, then they can prove their right to take one of them back

Answer 3

Yes, they can. Also, why would you want to keep money that didn't belong to you?

Answer 4

What world do you live in? Of course they can take it back out.

Answer 5

if they over pay in your account yes they can take it back out

Answer 6

i think they can, as long as it was their mistake and they cant claim bank charges from you.

Answer 7

No finders keepers rule in banking

Answer 8

Yes they can take it. It isn't your money, it's their money.

Answer 9

you can ask all day and the answer is still yes