Man Buys House with R2.3m Mistakenly Credited to his Account, after 9 Months, Bank Orders Him to Pay it Back

Man Buys House with R2.3m Mistakenly Credited to his Account, after 9 Months, Bank Orders Him to Pay it Back

  • A 54-year-old man identified as Russell Alexander bought a house after a total of £110,000 (R2.3m) was mistakenly sent into his account
  • The granddad had, before buying the house, approached the bank innocently to intimate them of the huge sum that entered his account but was told to keep it
  • 9 months later, the bank want the money back and has offered the man £500 (R10 420) as compensation

PAY ATTENTION: Click “See First” under the “Following” tab to see Briefly News on your News Feed!

On 29 December 2020, a 54-year-old man, Russell Alexander, was stunned to receive a credit alert of £30,000 (R620k) into his account.

The series of mistaken credit transfers continued into the following year to the point that it totalled £110,000 (R2.3m), forcing the grandfather to approach his bank Barclays, England to inform them of the development.

Man in trouble after buying house with N60.7m sent to his account by mistake, ordered by bank to pay it back
He was offered N276k as compensation Photo Credit: Timesnow News
Source: UGC

Timesnow News reports that Russell was told in error by the bank that the money was from an inheritance and that he could keep it.

Read also

Taxi driver hailed as hero after car explodes, ongoing fundraiser brings in over R390k

Armed with the knowledge that the money was direct inheritance funds, Russell bought a house in June.

PAY ATTENTION: Never miss breaking news – join Briefly News' Telegram channel!

The bank orders him to return the money

Barclays bank would later realise their mistake nine months later and ordered the man to pay back the money.

According to DailyMail, the bank admitted that the money was transferred by another person erroneously and that Russell was 'incorrectly advised that he could keep the funds’.

They were able to get back the money from the man's account as he left its equivalent there along with some extra cash.

The bank has gone on to offer him £500 (R10 420) as compensation.

The man laments that the bank has stolen his future plans

The Norfolk resident in the UK, in reacting to the bank's move, said the bank has stolen his future plans and left him like a stowaway.

Read also

Bank official who stole R3.2m 52 years ago finally found, he stuffed the money inside bag

He said:

"...It made no sense to me when the money just arrived, but I checked with the bank twice and with an accountant - they all said to spend it."

Honest housewife returns R620k mistakenly paid into her account

Earlier, Briefly News reported that Josephine Nchetaka Chukujama Eze has really shown the true meaning of honesty as she returned almost R620 000 that was mistakenly paid into her account.

Her husband, a journalist, and lawyer, Chukujama Eze, disclosed it to News Express as he praised his wife for the virtue she exhibited.

In a letter he addressed to the media, he said that he decided to celebrate her not because it is her birthday but because she did a thing that made him very proud of her.

Source: Briefly News

Online view pixel