It is the stuff of financial nightmares. You get one digit wrong on the sort code, and send a huge amount of cash to the wrong person. They refuse to return it, and the bank washes its hands of the matter, blaming you for the mistake.
That’s what happened to Peter Teich in a case that reveals shocking lapses in Britain’s banking system. Just hours after a solicitor sent the Cambridge resident his £193,000 inheritance after the death of his 100-year-old father, it became apparent that a terrible mistake had been made.
Read the full article on The Guardian.