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Draft Never Cashed

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  • 29-11-2018 1:49pm
    #1
    Gryffindor
    Closed Accounts Posts: 133 ✭✭


    Hi there,

    4 years ago I got a bank draft made payable to someone other than myself. It was never needed in the end but I never formally cancelled it as unfortunately, I always assumed the money had reverted to my account after the normal period of expiry. 

    After examining old statements I now realise that this was not the case. I am absolutely distraught to think that I missed it at the time. 

    I have read terms and conditions online but cannot find any information referencing limitation periods for claiming it back nor where exactly such monies would be held. 

    I would really appreciate any information as to what steps I should take now to try and get it back.

    Thank you.


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    #2
    Bank of Ireland: John
    Closed Accounts Posts: 204 ✭✭Bank of Ireland: John


    Gryffindor wrote: »
    Hi there,

    4 years ago I got a bank draft made payable to someone other than myself. It was never needed in the end but I never formally cancelled it as unfortunately, I always assumed the money had reverted to my account after the normal period of expiry. 

    After examining old statements I now realise that this was not the case. I am absolutely distraught to think that I missed it at the time. 

    I have read terms and conditions online but cannot find any information referencing limitation periods for claiming it back nor where exactly such monies would be held. 

    I would really appreciate any information as to what steps I should take now to try and get it back.

    Thank you.


    Hi Gryffindor,

    Thank you for contacting you today.

    If the bank draft was purchased by yourself and is in Euro then all you have to do is bring it back to the Bank of Ireland branch you purchased it in and they will refund the amount to your account.

    Many Thanks.

    John


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    #3
    Gryffindor
    Closed Accounts Posts: 133 ✭✭Gryffindor


    Bank of Ireland: John wrote: »
    Gryffindor wrote: »
    Hi there,

    4 years ago I got a bank draft made payable to someone other than myself. It was never needed in the end but I never formally cancelled it as unfortunately, I always assumed the money had reverted to my account after the normal period of expiry. 

    After examining old statements I now realise that this was not the case. I am absolutely distraught to think that I missed it at the time. 

    I have read terms and conditions online but cannot find any information referencing limitation periods for claiming it back nor where exactly such monies would be held. 

    I would really appreciate any information as to what steps I should take now to try and get it back.

    Thank you.


    Hi Gryffindor,

    Thank you for contacting you today.

    If the bank draft was purchased by yourself and is in Euro then all you have to do is bring it back to the Bank of Ireland branch you purchased it in and they will refund the amount to your account.

    Many Thanks.

    John
    Hi John,

    Thanks for getting back to me so soon. I do not still have the original draft (it was destroyed) nor do I have a receipt. I only have the reference code from my statement. 

    I am also not back in Ireland until December 18th so is there any way I can get it sorted without having to visit a branch i.e. email or phone? 


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    #4
    Ally Dick
    Registered Users Posts: 12,707 ✭✭✭✭Ally Dick


    The bank keeps the proof that you applied for a draft, called the draft requisition. If they check it out and can prove that the draft was never cashed, you may have a case. But I think it all depends on whether you signed the requisition at the time or not, and if it is proof positive that you were the purchaser of the draft. And it also depends if they dumped the requisitions , as it was 4 years ago. You might be wrecked by data protection rules


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    #5
    Bank of Ireland: John
    Closed Accounts Posts: 204 ✭✭Bank of Ireland: John


    Ally Dick wrote: »
    The bank keeps the proof that you applied for a draft, called the draft requisition. If they check it out and can prove that the draft was never cashed, you may have a case. But I think it all depends on whether you signed the requisition at the time or not, and if it is proof positive that you were the purchaser of the draft. And it also depends if they dumped the requisitions , as it was 4 years ago. You might be wrecked by data protection rules
    Gryffindor wrote: »
    Hi John,

    Thanks for getting back to me so soon. I do not still have the original draft (it was destroyed) nor do I have a receipt. I only have the reference code from my statement. 

    I am also not back in Ireland until December 18th so is there any way I can get it sorted without having to visit a branch i.e. email or phone? 


    Hi Gryffindor,

    Thanks for coming back to us with more information.

    When you are home on the 18th December you will need to go into your Bank of Ireland Branch with photo ID and a print out of the statement showing the draft purchase and reference code. The staff in the branch should be able to locate this amount and see that it was never cashed. There is no way of getting this sorted over the phone or by email unfortunately - you need to go into your branch.

    Many Thanks.

    John


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    #6
    Gryffindor
    Closed Accounts Posts: 133 ✭✭Gryffindor


    That's great thank you John. For my own peace of mind until then, given that the draft was purchased and signed my me (I know I signed the draft at the time but do not have proof of this other than the fact it was purchased from my own account) and I am the sole account holder, should there be any issue in tracing it given that it was four years ago? 


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    #7
    nim1bdeh38l2cw
    Closed Accounts Posts: 689 ✭✭✭nim1bdeh38l2cw


    Gryffindor wrote: »
    That's great thank you John. For my own peace of mind until then, given that the draft was purchased and signed my me (I know I signed the draft at the time but do not have proof of this other than the fact it was purchased from my own account) and I am the sole account holder, should there be any issue in tracing it given that it was four years ago? 
    On a point of order, you didn't sign the draft, the bank official did


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    #8
    Gryffindor
    Closed Accounts Posts: 133 ✭✭Gryffindor


    Lauren Tangy Mockingbird wrote: »
    Gryffindor wrote: »
    That's great thank you John. For my own peace of mind until then, given that the draft was purchased and signed my me (I know I signed the draft at the time but do not have proof of this other than the fact it was purchased from my own account) and I am the sole account holder, should there be any issue in tracing it given that it was four years ago? 
    On a point of order, you didn't sign the draft, the bank official did
    Fair enough, bear in mind it was four years ago. To clarify, I think I might be getting confused with those dockets (draft order maybe? The ones that used to be available to fill in before you went to the desk) which I assumed included my signature. You're right in saying the clerk at the desk filled in the actual draft. 

    What I know for sure is that I ordered the draft to be made payable from my own account. Whether I signed or not, I assume there shouldn't be a problem verifying that it was ordered by me as I am the sole account holder and no one else is authorised to deal with my account? 

    I apologise for the numerous questions, I know this is all completely my own fault, but it's seriously worrying me!


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    #9
    Ally Dick
    Registered Users Posts: 12,707 ✭✭✭✭Ally Dick


    Lauren Tangy Mockingbird wrote: »
    Gryffindor wrote: »
    That's great thank you John. For my own peace of mind until then, given that the draft was purchased and signed my me (I know I signed the draft at the time but do not have proof of this other than the fact it was purchased from my own account) and I am the sole account holder, should there be any issue in tracing it given that it was four years ago? 
    On a point of order, you didn't sign the draft, the bank official did
    He would have signed the requisition, not the draft


  • Options
    #10
    Bank of Ireland: John
    Closed Accounts Posts: 204 ✭✭Bank of Ireland: John


    Gryffindor wrote: »
    That's great thank you John. For my own peace of mind until then, given that the draft was purchased and signed my me (I know I signed the draft at the time but do not have proof of this other than the fact it was purchased from my own account) and I am the sole account holder, should there be any issue in tracing it given that it was four years ago? 


    Hi Gryffindor,

    Thanks for coming back to us.

    The draft amount will still be in a holding account because it was never cashed so if you bring in the statement showing date the funds left your account and the reference code the branch staff will be able to trace this. Also it is important that you bring in valid photo I.D. for identification and security purposes.

    Many Thanks.

    John


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