Bank transfer to the wrong account

Vince1974

I recently transferred a rather large sum to another bank account. Unfortunately the intended recipient of the money had given me an incorrect sort code. To make matters worse the combination sort code/account code did happen to exist.

The money stayed within my own bank (NIB) and is now in somebody else's account. I called the bank and they are "looking into it". They apparently called the recipient but got no reply/call back. They then sent a letter, which is now one week ago and still no luck.

Apparently if this person replies it is still on a voluntary basis that the money would be returned, which seems ridiculous to me.

NIB is now going to send the recipient a second letter, in the hope that that would change things. NIB's default reply seems to be: there is not much we can do.

I transferred it to a named person who is not the recipient, should NIB not recognise this as an error and just return the money?

Spear

Try the banking forum instead:

http://www.boards.ie/vbulletin/forumdisplay.php?f=544