What can I do to reclaim wife's money mistakingly transferred to my account ?

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by lfc2017 » Mon Mar 27, 2017 7:00 pm
I have approx 17 months left in an IVA. My wife has recieved inheritence payout of 100k. She has not part in the IVA all the debts were soley in my name. But..... She eas transferring some of this money to ensure that no more than 85k (fccs state youre insured upto 85k in any 1 bank) We both share the same initials..whilst transfrring to her account on her mobile she mistakinly sent it to my account. No the bank have held the a/c due to iva. what can i do.. its not my money
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by Foggy » Mon Mar 27, 2017 7:36 pm
First the bank have no right to freeze your account due to an IVA and retain the funds. They can ( and some do) close your account, but must release the funds to you. HSBC and First Direct are known for this. Demand the money is returned to the sending account. If no joy complain to the Financial Ombudsman.
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by luluj » Tue Mar 28, 2017 1:08 am
As foggy says they have no right to the money and must release it for you to return it to your wife.
You have an explanation as to why this has occurred and seeing as your wife is nothing to do with your iva and debts the money does not full under the iva in anyway. Once you have released the money and put it back into your wifes account I would email your IP with the explanation and evidence of the two transactions cancelling each other out.
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