Random bank payments of £1

[Eleven]

Over the past two weeks someone has twice paid £1 in cash into our business bank account. There's no reference on the paying in slip, apparently the slip is written such that there could be no mistake.

The account into which it's paid is the rent account for our property business. We do receive cash rents from tenants who pay it in themselves. We have no tenants with rent of £1...

So what is going on?

[Ash MP4 12C]

Paypal

[TheEnd]

Paypal should have a reference like PAYPAL*5672 if they are trying to verify the account.

[Eleven]

No, it's "cash". Someone is going into a branch and paying £1 into the account over the counter. In coin.

[anonymous-user]

I'd be looking out for a much larger sum being deposited in the near future and then someone contacting you for a refund, in the hope you will process before the payment bounces.

If that happens, make sure you work with your bank when "returning" the money.

[Ash MP4 12C]

desolate said:

I'd be looking out for a much larger sum being deposited in the near future and then someone contacting you for a refund, in the hope you will process before the payment bounces.

If that happens, make sure you work with your bank when "returning" the money.

Makes sense

[Eleven]

desolate said:

I'd be looking out for a much larger sum being deposited in the near future and then someone contacting you for a refund, in the hope you will process before the payment bounces.

If that happens, make sure you work with your bank when "returning" the money.

If it's cash it's unlikely to bounce.

[insurance_jon]

it wont be cash the next time

[Eleven]

insurance_jon said:

it wont be cash the next time

Then it won't get returned until I know who its from and that there is no chance of the payment being reversed.

[951TSE]

Could it be one of your cash tenants, or indeed any of your other tenants falling on hard times and getting the wrong end of the stick regarding 'token' payments in that they haven't actually bothered to contact you to setup such an arrangement yet?

[anonymous-user]

Eleven said:

If it's cash it's unlikely to bounce.

Yes - i didn't pick that up from the OP sorry.

It could well be a genuine error, plus there are some nutters as well as con artists so I'd just keep an eye on it.

[Eleven]

951TSE said:

Could it be one of your cash tenants, or indeed any of your other tenants falling on hard times and getting the wrong end of the stick regarding 'token' payments in that they haven't actually bothered to contact you to setup such an arrangement yet?

We cannot find anyone who hasn't paid.

[VEX]

desolate said:

Yes - i didn't pick that up from the OP sorry.

It could well be a genuine error, plus there are some nutters as well as con artists so I'd just keep an eye on it.

Ooooohhhhh Yes Cash can bounce.

An old friend of mine used to run a pub and the bank told him that they would not be responsible for forgeries if he just paid it in. He said that it wasn't acceptable and he would be present while they check every note.

After a week of an hours checking everyday the bank gave in and honoured every penny paid in.

So cash can bounce!

V.

[Eleven]

VEX said:

desolate said:

Yes - i didn't pick that up from the OP sorry.

It could well be a genuine error, plus there are some nutters as well as con artists so I'd just keep an eye on it.

Ooooohhhhh Yes Cash can bounce.

An old friend of mine used to run a pub and the bank told him that they would not be responsible for forgeries if he just paid it in. He said that it wasn't acceptable and he would be present while they check every note.

After a week of an hours checking everyday the bank gave in and honoured every penny paid in.

So cash can bounce!

V.

I had this with HSBC some time ago when I used to pay in large sums in cash. They used to count it really quickly on the scales and I commented that they must be clever to spot fakes that way. After that every time I paid in cash every note was examined!

[Simpo Two]

Eleven said:

I had this with HSBC some time ago when I used to pay in large sums in cash. They used to count it really quickly on the scales and I commented that they must be clever to spot fakes that way.

That's a good point. You'd think it woudl be in the bank's interest to spot and refuse fakes at paying in time. So presumably they do check, but only later...?

[anonymous-user]

Simpo Two said:

That's a good point. You'd think it woudl be in the bank's interest to spot and refuse fakes at paying in time. So presumably they do check, but only later...?

I suppose it doesn't make much difference as they can't give them you back anyway.

[Eleven]

It's just happened again. £1, in cash, across the counter.

There's either a nutcase loose with our bank details or someone is trying to mess with my mind.

[anonymous-user]

Bizarre.

I can't think of how it would work, but it smells like a scam. I would contact the bank and let them know what's happening.

[Eleven]

Inkyfingers said:

Bizarre.

I can't think of how it would work, but it smells like a scam. I would contact the bank and let them know what's happening.

I have told them and asked for the paying in slips.

[Defcon5]

Is it being paid into a local branch?