Dingdongler

Hi,

I got a call yesterday from a very good friend to say that a cheque he wrote me for £200 in November 2009 actually resulted in £2000 going from his account into mine. Neither of us noticed it at the time, it was recently picked up by his accountant.

We are pretty sure that the fault was the bank's ie that the cheque was correctly written. I need to double check my statements but if what he is saying is correct then I owe him £1800 no questions asked.

I was just wondering whether the bank is liable in any way for such errors.

Thanks

prodriverules

iTrader: (52)

you've got to much money mate if neither of you noticed the mistake and the bank won't be liable either im afraid.

PaulC72

How can you not notice that lol :-)

Firstly go through your statements to establish if that is correct, then you can get a copy of the cheque from your bank, if it was credited incorrectly you could probably complain but I doubt their is now any liability on the bank as it has been such a long time.

Midlife......

iTrader: (2)

"an accident is not necessarily negligence"..............said Lord Denning of the Rolls a while go ......sort of !

If neither parties have suffered any harm then there is no Civil Wrong !

If your mate has been chucked out of his flat because he ran out of money then maybe so, if not then the bank will say that there has not been due dilligence on both parties behalf and they walk........

All you need to do is pay the bank back any interest on the £1800 which you had in your account LOL

Shaun

Lee247

So, in 10 months neither of you noticed you were down/up 1800 quid.
You must be wealthy

Leslie

Cant see the problem. He overpaid you by £1800 due to the bank's error.

Why not just pay him back?

Les

speedking

The bank owes him £1800 not you.

You do nothing, he reports and claims back the £1800 from the bank.

It will eventually get round to you, but you're still earning interest in the mean time

Dingdongler

Les, there is no problem. I have every intention of paying him back, I was just wondering if the bank were in anyway culpable.

Speed, can't put him through that sort of hassle, he is a very good friend. I need to give him the money so he doesn't need to chase around after it.

Dingdongler

After all that there is no record of £2000 going into my account. I've checked my statements and rang my bank, so must have been a complete **** up by my mate's bank, and they need to find where the money is.

WRXBOB

His accountant has it!

Leslie

Thats a very different matter of course. The bank seems to have taken the extra cash out of your friend's account and pocketed it. I presume you got £200 as advertised.

As you say it appears to be a major **** up by his bank. I hope they kept the cheque for evidence.

Les

Playsatan

iTrader: (2)

They will have or have to pay up the whole amount. Would have to confirm but seem to remember the required time they need to hold onto it is 7 years. However, if he has an accountant going over his books then he may have his cheques returned to him each month. Either way the bank will have a copy of the cheque for just this sort or query.

They only eyeball checks over a certain (surprisingly high) limit as it works out cheaper to refund the odd error so you may end up in profit.