Fraudulent bankers draft update!!!

[Red Head]

For those of you who can remember the original post, here's an update. For everyone else, cutting a long story short, sold my 53 plate M3 for £25,000. Took the Royal Bank of Scotland draft to my local RBS branch and asked them to verify it. They came back and said it was fine so I bankedit. Money cleared in the account two days later. 12 days later had a later saying it was a fraud and the money debitted from the account.

The RBS have now finally concluded their "investigation" and despite the person in charge of the so called investigation telling me over the telephone that the "branch in question were not aware of our policy in relation to bankers drafts so there was a traing issue there!!!", they have refused to refund the money but have offered us £250 as compensation for taking so long (nearly four months!) to deal with it. They say that the cashier has been spoken to and cannot remember saying that it was ok and so they do not hold themselves responsible.

Obviously I am not settling for this and will be taking the matter further. Fortunately my local MP is on my side and is contacting the Bank on my behalf offering them another opportunity to resolve this matter before taking it to the press.

Beware any bankers drafts if you are selling a car. My advice would be go to the bank with the buyer and get him to withdraw cash in front of you and pay it into an account there and then, don't accept anything less.

Further updates as and when.
Rgds

[Red Head]

Waiting to hear from my MP first but Watchdog have been informed and a legal team is on standby...

[Red Head]

The police have "eventually" begun looking in to it and things are progressing although it is not going to be solved overnight as it looks like a major organised crime syndicate might be behind it. We are making progress though and I hope to have some good news on that side of things soon ;o)

As for the bank though, no reply to my email yesterday, surprise surprise!