How to lose your money in one easy step - Banking Problem

smudge



Joined: 07/04/2008
Posts: 71


Message Posted:
18/07/2008 16:19

On 10th June we transferred a significant amount of money from our English account, via a Lloyds transfer account with the aim of it getting to Iktisatbank. After chasing this for 3 weeks we now know that it duly left our account, Lloyds (begrudgingly) told our bank that it had been received and passed to the appropriate account held be Iktisatbank. The Cyprus bank say it hasn't been received by them even though all of the details which were used were correct e.g. sort codes etc. All they can advise is that we ask our English bank to recall the sum of money.



As it was a BACS domestic transfer, the money is gone and cannot be recalled.



Anyone got any advice, or had a similar problem?

Thanks

Smudge

Groucho


Joined: 26/04/2008
Posts: 85


Message Posted:
18/07/2008 16:26

We had a similar problem when money was held at their head office... I suggest you speak to Hussein, who's a very nice English speaker (only problem is he's not there every day) he is older and wiser than most of the staff and gets to the bottom of things...

smudge



Joined: 07/04/2008
Posts: 71


Message Posted:
18/07/2008 16:48

Thank you Groucho. I shall go out armed with paperwork and ready for a mini battle.

Losing interest every day and risking having no electric or water bills paid is a worry in the meantime.



I think it'll be the last transaction done by BACS. Our bank are being as helpful as they can. They need a medal for their persistence at this end.

Smudge

Aga Buyers A G


Joined: 04/10/2007
Posts: 74


Message Posted:
18/07/2008 16:50

Give it to Gary Robb and ask him to carry out the transaction for you - he even gives a receipt.........lol

orangekazzie



Joined: 31/07/2007
Posts: 939


Message Posted:
18/07/2008 16:58

We had a similar problem back last year. HSBC UK to HSBC Girne via Istanbul. When the money left the UK they had a digit wrong so the money stayed in Istanbul in a holding account (they don't think to return it or use their brains and look up the name of the beneficiary to see if they can find a home for it!). Julie in Girne branch checked Istanbul who told her about the digit being wrong. The money had to be recalled by the UK then resent again. All in all it took over 3 weeks.

Karen

joandjelly



Joined: 24/02/2008
Posts: 314


Message Posted:
18/07/2008 17:12

This is worrying. My friend recently bought an apartment here and set up accounts with Iktisat and Lloyds to transfer money. When she tried sending money from Lloyds they didn't have a clue what she was on about, claimed not to know about any link-up with Iktisat and insisted even if such existed they couldn't possibly do a domestic BACS transfer. In the end they did an International transfer.