3 ms·

Pretty sure that by British law, they have to transfer back the money that was erroneous transferred to them.

• dfawcus 7y ago
  A lot of the banks have contract terms which allow them to correct erroneous transfers (i.e. incorrect deposits to ones account without ones approval), so waiting for a court order would not be necessary. Maybe Barclays do not include such a term?
• matthewheath 7y ago
  They do. S1(1) of the Theft Act 1968[1] covers this. -- [1] http://www.legislation.gov.uk/ukpga/1968/60/crossheading/definition-of-theft http://www.legislation.gov.uk/ukpga/1968/60/crossheading/def...
• gambiting 7y ago
  It took the guy 2 years and nearly 50 thousand pounds to get it back. The law can say whatever, but if there's no enforcement then what are you going to do? There's a good chance you can get away with it, but yes, the guy had an extraordinarily bad luck of sending the money to someone who had zero morals. I'm sure(hope?) that most people would give the money back.
  • josh5555 7y ago
    The police are too busy investigating tweets that hurt people's feelings and offensive comedians. Also, TV license compliance. Priorities.
  • gambiting 7y ago
    In addition to that - the person who kept the money had literally no punishment for doing this. It is my understanding that they simply had to give it back and that's it. Even if they only kept it in a savings account for 2 years that would have generated a non-insignificant amount of interest(so they benefited financially from their crime) yet there is absolutely no punishment for it.