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.
2007-08-06 03:08:05 · 18 answers · asked by curiousdan 1 in Business & Finance ➔ Personal Finance
They are fixing their mistake. They don't need your permission to fix it, and even if they did, you couldn't legally refuse them, as the 2nd 2500 wasn't legally yours.
2007-08-06 03:28:58 · answer #1 · answered by Anonymous · 1⤊ 0⤋
no of course they can take it back! if you spend the money they can have you for stealing! you had no legal right to that money, and if you took them to court, the courts would side with the bank. if money has been wrongly deposited into your account, then the bank have the right to reverse the transaction as they can prove 100% that it DOESN'T belong to you. what you should think about and realise is, the money belongs to the bank, not you. and this is ironic, because of where the money comes from, if the bank paid you an extra £2500, and you spend that, they will just reverse the transaction, if that makes you go overdrawn and you get charges...theres no way you can claim them charges back! you're legally responsible for them! sorry to be rude hun, but i work for a bank, and what people don't realise is that honest mistakes are made by staff like this everyday, and some dishonest people abuse this fact, take the money and then wonder why they're being chased for stealing!
2007-08-06 19:23:09 · answer #2 · answered by Nikita R 2 · 0⤊ 0⤋
The money was never yours to begin with. It's the same as if your deposit went into someone else's account, in error. The bank has the right to correct this and move the money to where it belongs. The money was theirs, never yours, so they moved it back to where is belonged.
Besides, honesty should have prevailed & you should have pointed out the error before they had to fix it themselves.
2007-08-06 10:28:23 · answer #3 · answered by David C 1 · 1⤊ 0⤋
Yes. By the virtue of "solutio indebiti" meaning "payment to one of what is not due to him, if made through any mistake in fact, or even in law, entitles him who made the payment to an action against the receiver for repayment.(http://www.lectlaw.com/def2/q083.htm)
Bear in mind that the bank debits your account for taxes and do credits also for interests earned without your consent. It was in all aspect just right.
2007-08-07 09:37:30 · answer #4 · answered by josh 1 · 0⤊ 0⤋
Your bank put some money into your account twice. You posted this question in Yahoo answers twice. Shall we just call it quits?
2007-08-06 10:30:12 · answer #5 · answered by eriverpipe 7 · 1⤊ 0⤋
Yes they can. The bank is responsible for maintaining your account. That is what you pay them for. There are many, many reversible types of transactions in the world.
2007-08-06 10:29:08 · answer #6 · answered by TomHyberger 2 · 1⤊ 0⤋
They're certainly allowed to reclaim money that was paid to you in error. Just like they're obliged to repay money you give them in error. As long as you get what you are entitled to, you really have no cause to complain.
2007-08-06 10:16:25 · answer #7 · answered by rohak1212 7 · 1⤊ 0⤋
what a load of crap!!! Whoever told you that once money has been put into your account the bank cant touch it, is dumber than you are for believing them!!
It wasn't your money so they are well within their rights to remove it before you spent it!!
2007-08-06 10:10:48 · answer #8 · answered by Anonymous · 5⤊ 0⤋
If they made a mistake that left you short of money, you'd want them to fix it, wouldn't you? Well, it works both ways.
2007-08-06 20:05:49 · answer #9 · answered by bluebell 7 · 0⤊ 0⤋
Of course they can correct an error. Why do you want something that does not belong to you?
2007-08-06 10:11:20 · answer #10 · answered by Anonymous · 2⤊ 0⤋