Double Credited Transfer

[craigb84]

An interesting scenario.

Let's say you made a transfer with an international money exchange and said transfer appears to have landed in your account twice.

What would you do in these circumstances?

[davepoth]

Stick the extra money into a high interest savings account and see if they ask for it back.

[bigandclever]

You tell them as soon as you know about it. In the same way you'd tell them if they'd taken money twice from you - although I'd imagine there'd be a bit more moaning in that situation.

[Sir Bagalot]

I've had similar happen to me where the sum involved was £1,600 or thereabouts.

I moved it elsewhere and said nothing. Two months later the company involved wrote to me and told be they were going to debit the amount in X days (x was 7-14 days). I simply moved the money back and enjoyed the interest.

[Steffan]

Sir Bagalot said:

I've had similar happen to me where the sum involved was £1,600 or thereabouts.

I moved it elsewhere and said nothing. Two months later the company involved wrote to me and told be they were going to debit the amount in X days (x was 7-14 days). I simply moved the money back and enjoyed the interest.

Sensible advice.

There was a case some time ago in Australia when a bank transferred £500,000 odd into a couples account. They promptly transferred it elsewhere and then disappeared.

The bank is still looking for its money. But I cannot recommend dishonesty. So far as I know the couple are still on the missing list.

Sir Bagalots advice is correct.

[bigandclever]

Steffan said:

Sensible advice.

There was a case some time ago in Australia when a bank transferred £500,000 odd into a couples account. They promptly transferred it elsewhere and then disappeared.

The bank is still looking for its money. But I cannot recommend dishonesty. So far as I know the couple are still on the missing list.

Sir Bagalots advice is correct.

Do you mean New Zealand? And $6 million? If so, you're right

Mind you, they were caught up with.

And now he's pleaded guilty to theft (because that's what it is).

And he'll (no doubt) be sentenced to a spell in chokey in October, when he's back in court.

[Steffan]

bigandclever said:

Steffan said:

Sensible advice.

There was a case some time ago in Australia when a bank transferred £500,000 odd into a couples account. They promptly transferred it elsewhere and then disappeared.

The bank is still looking for its money. But I cannot recommend dishonesty. So far as I know the couple are still on the missing list.

Sir Bagalots advice is correct.

Do you mean New Zealand? And $6 million? If so, you're right

Mind you, they were caught up with.

And now he's pleaded guilty to theft (because that's what it is).

And he'll (no doubt) be sentenced to a spell in chokey in October, when he's back in court.

It was certainly in the antipodes but your case is a much better recollection. Either makes the point. Sir Bagalots advice is correct.

[caziques]

Yep, local case. An NZ$100,000 overdraft was mistakenly marked up as NZ$10,000,000.

Apparently about NZ$3,000,000 is still missing (1.5 million pounds).