This Could Only Happen In England, Never In The USA

[bobevenson]

It was a small mistake but one that cost British hairdresser and mother of two "Sally Donaldson" thousands of dollars.

According to The Guardian, in October 2012, Donaldson (not her real name) experienced a sickening, gut-wrenching moment when she discovered that over the course of two years, each time she had transferred her monthly paycheck of $1,500 from her HSBC account to the joint one she shares with her husband at Nationwide building society, she had accidentally been placing the money in a total stranger's account. After two years, the amount she had transferred was roughly $40,000.

"It wasn't until October 2012 that I discovered the £1,000 was not showing on our joint account's monthly statement. Having moved over to paperless statements in 2010, I had been checking that my wages were leaving my business account held with HSBC at the end of every month. However, to my horror, I now saw they had never arrived in our joint Nationwide account. Scrolling back, the last time my wage appeared on our statement was May 2010," says Donaldson in The Guardian. "I frantically checked my numbers for the bill payment scheme I had set up with HSBC and could see that, on setting it up, I was one digit out … the money has been going to another Nationwide account holder for the past two years, amounting to £26,650!"

"The payment was set up clearly to my name, my sort code but with one account number digit being incorrect…..Phone calls to Nationwide that night, many tears and numerous subsequent calls and letters, have left us with just £1,000 returned and a complete blank of information from Nationwide," she says.

It may be difficult for Donaldson to get her money back. According to The Guardian, the recipient refuses to return the money and the bank cannot reveal his or her identity due to data protection rules. What's more, British law dictates that when money goes into the wrong hands, it can be withdrawn without gaining permission first for up to six years after it's wrongfully transferred. But in Donaldson's case, the recipient had withdrawn the money through ATMs so there is nothing they can do. Yahoo attempted to contact Nationwide for comment but emails were not returned.

[The Voice of Time]

The person who spent the money should've been persecuted. That's what strikes me first. People are (or should be) obligated to keep track of their own money-supply.

[reasonvemotion]

It's only money.

[The Voice of Time]

It's only money.

but very valuable I presume to the person who should've had it... what if this was some african who worked in europe trying to send money back home to support her very poor family?

[reasonvemotion]

but very valuable I presume to the person who should've had it... what if this was some african who worked in europe trying to send money back home to support her very poor family?

I would think in that case the African would have been more thorough than the hairdresser and would have checked where the money was actually going.

Who types in a bank account number, without checking it at least once. Would you not check it?

[The Voice of Time]

I would check it, but I could also misread it more than once. I assume this woman sent with only a very few or only one mistake. Bank accounts are pretty long, so no wonder she could make a repeated mistake.

Besides. At least with my bank on the internet I save an account number with a tagged account name so I don't have to retype it. This means she could've easily mistaken her account for having the correct address repeatedly.

[reasonvemotion]

The real problem with this is not being able to retrieve the money.

If, it was the bank's money, it would be taken automatically from the receiver's account. No permission needed.
I don't like banks.
I don't like what money does to people.
They change.

[chaz wyman]

It was a small mistake but one that cost British hairdresser and mother of two "Sally Donaldson" thousands of dollars.

According to The Guardian, in October 2012, Donaldson (not her real name) experienced a sickening, gut-wrenching moment when she discovered that over the course of two years, each time she had transferred her monthly paycheck of $1,500 from her HSBC account to the joint one she shares with her husband at Nationwide building society, she had accidentally been placing the money in a total stranger's account. After two years, the amount she had transferred was roughly $40,000.

"It wasn't until October 2012 that I discovered the £1,000 was not showing on our joint account's monthly statement. Having moved over to paperless statements in 2010, I had been checking that my wages were leaving my business account held with HSBC at the end of every month. However, to my horror, I now saw they had never arrived in our joint Nationwide account. Scrolling back, the last time my wage appeared on our statement was May 2010," says Donaldson in The Guardian. "I frantically checked my numbers for the bill payment scheme I had set up with HSBC and could see that, on setting it up, I was one digit out … the money has been going to another Nationwide account holder for the past two years, amounting to £26,650!"

"The payment was set up clearly to my name, my sort code but with one account number digit being incorrect…..Phone calls to Nationwide that night, many tears and numerous subsequent calls and letters, have left us with just £1,000 returned and a complete blank of information from Nationwide," she says.

It may be difficult for Donaldson to get her money back. According to The Guardian, the recipient refuses to return the money and the bank cannot reveal his or her identity due to data protection rules. What's more, British law dictates that when money goes into the wrong hands, it can be withdrawn without gaining permission first for up to six years after it's wrongfully transferred. But in Donaldson's case, the recipient had withdrawn the money through ATMs so there is nothing they can do. Yahoo attempted to contact Nationwide for comment but emails were not returned.

This stuff happens in the USA everyday

[The Voice of Time]

The real problem with this is not being able to retrieve the money.

If, it was the bank's money, it would be taken automatically from the receiver's account. No permission needed.
I don't like banks.
I don't like what money does to people.
They change.

yeah, many stop starving for once, heck some even get to upgrade their shacks! Scandalous!

[bobevenson]

This stuff happens in the USA everyday

It does not!!!

[reasonvemotion]

yeah, many stop starving for once, heck some even get to upgrade their shacks! Scandalous!

I am not talking "needy".


I am talking big dollars and greed and swindling.

I am talking the "love" of money. The "love" that will do anything or to anyone to increase its accumulation no matter what.

[chaz wyman]

https://getsatisfaction.com/bankofameri ... e_my_money

BANK OF AMERICA STOLE MY MONEY!!!!!!

I open a new account with Bank of America so when I deposit the first check, the teller in the bank told me that my money would be available the next day and it was. So it was time to deposit another check, I deposit the check on a Monday afternoon, but I also mail out a several checks Monday morning knowing that the money would be available the next day like the first deposit was.
So when I deposit the check the teller told me that the check would be held for 7 days because it was a new account and that was the bank policy. So I ask her why didn’t the bank does that the first time she couldn’t give me a straight answer. Then I called customer service to get answer and they tell me they don’t know why they didn’t do it the first time.
I was treated very poorly and mislead by Bank of America, if this was a bank policy it should have been done the first time not the second time, this was truly and bank error but my money is lost. I would have never mailed the checks Monday morning if I knew this “bank policy” was in effect on the second time you deposits a check.
In closing my first experience with Bank of America was bad if I was you I would think twice about opening up a new account because once they got your money they can do what they want to do with it. If there is anyone that could give me advice please email @: Maurice.shuler@hotmail.com


http://us-bank-reviews.measuredup.com/2911
http://www.worldlawdirect.com/forum/con ... count.html
http://abclocal.go.com/kabc/story?secti ... id=8799822

http://answers.yahoo.com/question/index ... 213AAgzGj2
i deposited about 7,000$ into a commercial bank..they dont give receipts when you make the deposit, but they give it to you the next day..i made the deposit last night and went in to get my receipt for the next day along with receipts for the past few days and they said they didnt have any record of me depositing my money..also, they dont have any security cameras outside..wtf should i do?

Obviously in the USA the banks own the News services so there is less interest in reporting such small change errors as this one.
But only a complete knuckle dragging troglodyte would claim after Freddie May, Leeman Brothers, Bernie Madoff, and the rest of the banking crooks in the USA that bank errors don't happen in the USA

[duszek]

A bank which does not give a receipt right away but only the next day ?
Are you kidding ?
You can bring a prepared receipt yourself and ask the employee to simply sign it and stamp it and put a date on it. This shouldn´t be too much work.

As for checks there are checks which can only be put on a bank account and cannot be cashed right away and anonymously. So the check can be blocked when lost and it can be found out on whose account it landed and why.

These secure checks are called in German Verrechnungsschecks.
Any check can be turned into such a secure check by simply making two lines in the left upper corner. But I do not know if this custom exists in the US too.

[duszek]

There are lots of lawyers in America (that is why some of them like John Grisham turn to writing novels) and many of them offer to fight for you at the court and they only get paid a percentage of what they have achieved for you (Erfolgshonorar).

Try to engage such a lawyer, Chaz (or Maurice ?) and perhaps he will figure out a way how to get your money back.

Good luck !

[chaz wyman]

There are lots of lawyers in America (that is why some of them like John Grisham turn to writing novels) and many of them offer to fight for you at the court and they only get paid a percentage of what they have achieved for you (Erfolgshonorar).

Try to engage such a lawyer, Chaz (or Maurice ?) and perhaps he will figure out a way how to get your money back.

Good luck !

It's not me. Bob is claiming that "this could never happen in the in the USA", so I took a look. It took me precisely 30 seconds to find these US examples.