Search results
Results From The WOW.Com Content Network
A major IT glitch is still affecting Barclays customers, with some locked out of their accounts throughout the night and almost 24 hours on from the bank’s initial outage.
Barclays customers are facing a third day of disrupted services on Sunday following an IT problem. Online and mobile banking have been hit during the problem, which began on Friday. The bank said ...
Robert Goff J noted that a bank which pays a cheque drawn or purportedly drawn by a customer without a mandate is paying without mandate, and cannot debit the customer's account. In such cases, the bank has paid out its own money. However, the bank is entitled to recover the mistaken payment unless the payee has changed his position in good faith.
A 1995 amendment provided for the electronic presentment of cheques and removed the previous requirement to deliver cheques physically to the paying bank, opening the way for cheque truncation and imaging. In New Zealand, cheques once banked were processed electronically together with other retail payment instruments.
The court held that (1) a bank does not owe any duty of care to the payee of a cheque, so that any loss suffered by the payee as a result of a cheque being incorrectly honoured was not recoverable; and (2) by honouring a forged cheque the bank did not represent that the cheque was valid, and in the absence of any negligence, no estoppel could ...
Not knowing which banks are open on holidays can be frustrating, especially if you need to deposit a check or inquire about a loan only to discover that your branch is closed. Because banks are ...
Today’s highest savings rates are at FDIC-insured digital banks and online accounts paying out rates of up to 4.75% APY with no minimums at Patriot Bank, Barclays and other trusted providers as ...
From the end of November 2007, changes known as 2-4-6 came into force. These increased clarity and certainty when paying in cheques to a bank or building society account. The 2-4-6 changes set a maximum time limit of two, four and six working days for each of the stages after paying in a cheque to a current or basic bank account.