£19k from nowhere
- Thread starter Souness
- Start date
Sorry for no updates, I'm just completely ******* off with the whole situation.
Short story is no, I didn't get to keep it.
Long story is too much of a fiasco to post here. It took HBSC an entire MONTH after my account was first frozen to grant me access to my own money! The way they handled it was absolutely disgusting and it took getting outside agencies involved to actually get my own money back. I'm probably entitled to compensation if I can be bothered persuing it.
Short story is no, I didn't get to keep it.
Long story is too much of a fiasco to post here. It took HBSC an entire MONTH after my account was first frozen to grant me access to my own money! The way they handled it was absolutely disgusting and it took getting outside agencies involved to actually get my own money back. I'm probably entitled to compensation if I can be bothered persuing it.
mother russia.... i would get a letter in to the head office. state you had to borrow loads of money and wrecked your life for a month, mention you are going to the local press and have written to 3rd party agenices to persue compensation. Ask them to cred it you for your trouble... you never no!
Doo it! POST!
Associate
- Joined
- 27 Feb 2006
- Posts
- 1,750
- Location
- Normanton
withdraw and close account, then move house?
-what has actually happened to it, has it been taken back yet or are you on a long holiday?
-what has actually happened to it, has it been taken back yet or are you on a long holiday?
Where the heck did you get that from?
The money in your account generates interest, interest that should have gone to the rightful owner of the money.
You do not get to keep the interest that money generates from being in the wrong account.
Soldato
- Joined
- 7 Feb 2004
- Posts
- 9,511
So if it happens dont tell anyone and let them work it out themselves. Sounds like you have good reason to chase for a claim from them.
So if the money were put into the wrong account and this account had a higher interest rate than the account that it should have gone into, who would get the difference in interest that would have been generated?
The wrong account owner wouldn't get it, according to what you say here, as they wouldn't have had it in the first place, and I assume the righful owner of the money wouldn't get it as they wouldn't have had it in the first place either what with their account having a lower rate of interest...
Man of Honour
- Joined
- 1 Aug 2004
- Posts
- 12,681
- Location
- Tyneside
19,000 scratch cards.
Woo hoo.
Woo hoo.
No idea where you got that info from but its wrong.
I have just had dealings with the CSA over them keeping interest on a large amount of my money sat in 'their' account gaining interest for 16 months. They won, I lost.
So if the money were put into the wrong account and this account had a higher interest rate than the account that it should have gone into, who would get the difference in interest that would have been generated?
The wrong account owner wouldn't get it, according to what you say here, as they wouldn't have had it in the first place, and I assume the righful owner of the money wouldn't get it as they wouldn't have had it in the first place either what with their account having a lower rate of interest...
If I pay £10,000 into a bank account that is supposed to pay, for example 5% interest.
For some reason that money ends up in somebody else's account.
Once the error has been found and the money returned to me I can demand that the bank compensates me for loss of interest.
For as long as that money is missing from my account I am losing interest through no fault of my own.
The account where my money actually ended up gains nothing.
They do not get any interest from the money - that has to also be taken towards my compensation for loss of interest.
If my money was accidentally placed in an account paying a lower rate of interest then this doesn't really matter - it is the bank who pays my interest and decides who gets what rate.
They would have had to pay the higher rate of interest anyway if the money had been in the correct account, so it isn't as if they are suddenly out of pocket.
Up to you what to believe.
However I can promise you that if you "accidentally" have money deposited into your account you do not get to keep the interest that money earns.
The CSA are not a bank - so you will need to pursue that one.
A bank however can and will take away interest earned on money that shouldn't have been in your account due to deposits into the wrong account, etc
But what if the money was put into an account that paid 6% interest? Who would get the additional 1% interest that would have been generated?
The money was still in a holding account to which they bank so it was still generating interest.
My case was 'accidentally' put in the done pile and after chasing it through legal channels I got neither compensation or interest paid on the amount over 16 months.
Its been pursued as far as it can and I am now getting the payment on Saturday. I feel for anyone who has to deal with the CSA. A bunch of complete monkeys.