-
New telephone law aims to reduce bank fraud in France
The new measures are intended to make official numbers ‘tamper proof’
-
Is it better for partners to have a joint bank account in France?
There are rules to consider about who owns the funds and what happens if the couple separates
-
Overdraft fees, pay, ecology: three French banks criticised in new report
Three major banks scored poorly on social and environmental factors including investing in tax havens and deforestation projects, and large staff pay gaps
Bank credited wrong account
We have three accounts with a high street bank: personal, business (farm) and a GFA (an agriculture-based investment scheme). We sold some cows and had a cheque for €20,000. We filled in a paying-in slip to put it in the personal account. They decided to credit it to the GFA one then took the money to pay off a loan that was overdue. They have agreed to return half to the account that should have been credited. Yes there was a debt on the GFA account (we had made offers to make payments) but were they acting legally by crediting the cheque to an account other than that specified? S.P.
Normally a bank cannot credit another of your accounts in preference to the one stipulated. A bank can, however, in some circumstances take credits to repay loans if they are overdue, but without knowing the precise terms of the loan, and of the accounts themselves, it is difficult to say. You would best be advised to see an avocat ensuring that you take all the details regarding the accounts, the loan and any the correspondence received from the bank.
The Connexion welcomes queries and regularly publishes a selection with answers.
However, please note that we cannot enter into individual correspondence on money topics. Queries may be edited for length and style. Due to the sensitive nature of topics we do not publish full names or addresses on these pages.
Send your financial queries to news@connexionfrance.com
The information in this article is of general nature. You should not act or refrain from acting on it without taking professional advice on the specific facts of your case. No liability is accepted in respect of these articles. These articles are intended only as a general guide. Nothing herein constitutes actual financial advice.