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Insurance Company Banking Error!

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  • 05-06-2006 8:33am
    #1
    Banterville
    Closed Accounts Posts: 67 ✭✭


    Hi everyone,

    I would be grateful if you could give me your thoughts on the following scenario:

    "An Insurance Company is to pay a Courrier Company €1,000. When they go to transfer the money to the Courrier Company account they incorectly enter the bank account number. Therefore this €1,000 is in someone elses account.

    Question: Who are the losers and winners?

    Cheers,


Comments

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    #2
    whizzbang
    Registered Users Posts: 1,366 ✭✭✭whizzbang


    loser: insurance company
    winner: mystery account owner

    so long as courrier company can prove they gave the right account number.


  • Options
    #3
    MartMax
    Registered Users Posts: 1,667 ✭✭✭MartMax


    the transfer will not likely be done if details of payee do not match the bank records. my mate did this mistake few years back for a couple of hundred euros. the money went out of his account, he notified the bank and it was reversed a few days later as the bank could not find the appropriate payee account.

    mart


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