Am I legally entitled to payback £10,000 when a fraud was committed on my account?

In 2002 I lost my wallet and told the bank 2 days later...someone during this time put 2 cheques into my account (for approx £5,500 each) and then withdrew the money the following morning before the cheques had cleared and before the banks had opened. I have been paying £10.00 for the past few years but am still very bitter at this. Am I responsible to pay all this money back? Does anyone know what rights I have?

if your bank has fraud coverage then your entitled to it back although it sounds like if u explained this situation to them and this is what theyre doing then they probably dont have fraud coverage

how can they withdraw" uncleared effects"from an account,and where,if the bank was not open did they draw the money from!!!!

You would be responsible for your account cards checks etc up till the time you told the bank is what i herd sometime ago, if the person was caught you may have a claim for damages? but heay each day and each persons advice in the uk are different even if they work for the same bank.

Sorry but this question doesn't stack up .... how on earth could someone withdraw ten grand on cheques that haven't cleared. With my bank, that cannot happen without the cheques having fully cleared. But more to the point, banks take great care over withdrawals of £5500 ... they would have needed ID and the like plus probably notice of the withdrawal for that large amount ..... how on earth did they withdraw that amount though ATM's? Were the police involved in this fraud? And why did you not inform your bank on the day of the loss? Clearly, the bank think that you were solely responsible for the loss ..... but if you remain bitter, take legal advice. But more interestingly, why are you asking this question some five years after the event?

I don`t understand how they could get the money before the cheques had cleared.
When you told the bank is important though, because you should call them as soon as you know your cards are missing. Did you call them when you knew or did you wait 2 days?
The bank should have investigated the fraud and sent you a letter about the outcome. If they didn`t then i would write to complain, the next step is the financial ombudsman.
Also if you left any info like a pin no. in your wallet, then you are fully liable.

I guess it really depends on where you live. I had something like that happen to me, but with 3 checks and the total was about $17,000 (USD) and the bank took care of it.

They filed an insurance claim for their losses and I was out nothing but the hassle of going through all the paperwork, which trust me was a hassle. This was through Bank of America in the United States.

My aunt had a similar experience but much smaller, her amount was about $3,000 and her bank (I think it was Wells Fargo) did almost the same as in my case although they took MUCH longer doing it - about 30 days in all.

So yes, I would be bitter too if the bank was making you pay for something you didn't do. You are the victim here and I would be bitter too if my bank demanded that I (the victim) refunded the lost money.

These organisations provide general advice and information about fraud relating to consumer finance.

APACS - http://www.apacs.org.uk/
Information and advice to stay safe online http://www.banksafeonline.org.uk

British Bankers' Association – http://www.bba.org.uk/
General consumer advice for banking-related products and services

Financial Services Authority – http://www.fsa.gov.uk/
Information on finance-related scams and swindles http://www.fsa.gov.uk/consumer/01_WARNIN...

CardWatch – http://www.cardwatch.org.uk/
Information and tips on using your plastic cards safely

CIFAS – The UK's Fraud Prevention Service – http://www.cifas.org.uk/
Information about identity fraud and how to apply for protective registration
http://www.identityfraud.org.uk/

If you lose any important mail or documents, you should notify the following organisations:

Royal Mail – http://www.royalmail.com/
Royal Mail Customer Services provides a host of options to re-direct your mail and to report the loss or theft of any mail. Follow the link for Customer Service

Identity and Passport Service – http://www.ips.gov.uk/
Information about lost or stolen passports
Information about identity cards and biometric passports
Identity and Passport Service news page – latest information about the Identity and Passport Service and its anti-fraud initiatives

Driver and Vehicle Licensing Agency – http://www.dvla.gov.uk/
What to do if your driving licence has been lost, stolen, destroyed or defaced
www.dvla.gov.uk/drivers/applydl.htm#du...
Frequently Asked Questions – Lost Documents
www.dvla.gov.uk/faq/faq_lost_documents...

Fraud information page
http://www.homeoffice.gov.uk/crime-victi...

Fraud Reduction website – http://www.uk-fraud.info/
The Fraud Reduction website is published by the National Working Group on Fraud on behalf of the UK Association of Chief Police Officers (ACPO – http://www.acpo.police.uk/). This website deals primarily with commercial fraud in a policing context. The information contained in these pages is intended to provide advice for individuals and businesses on how to recognise fraud, how to avoid it through preventative measures, and how to respond to suspected frauds.

Crimestoppers – http://www.crimestoppers-uk.org/
Details of how to report crimes, with the option of reporting anonymously

Foreign & Commonwealth Office – http://www.fco.gov.uk/
Know before you go – travel advice section – tips for keeping your documents and money safe whilst travelling www.fco.gov.uk/knowbeforeyougo

Get Safe Online – http://www.getsafeonline.org
Advice on how to protect yourself against internet threats

Finally, check your credit report with Equifax, Experian, or CallCredit

If YOU withdrew the money, you would be required to pay it back. If the bank allowed ANYONE to withdraw money from your account without YOUR permission, THEY are liable. You should not NEVER have been charged for any of this amount.

poor you, I am sorry i have no legal advice...

why not try and get your MP or some television programme to take this case forward... that's not right xx

Hi there.
Poor you no wonder you feel bitter. My understanding is that you do NOT have to pay this back and you should contact the banking ombudsman for free advice. Failing that I would suggest that you contact high profile sources like Watchdog. Either way you should fight it to ensure that it doesn't happen again either to you or other innocent victims.

You are talking in pounds and I am not sure if you are from America, but I will tell you the American laws. I am in an MBA business law class now and we actually covered this situtaion type last week. Since you lost your wallet, it is your fault that someone had access to your account items. Sad but true, the law is strict. You would be considered the least innocent party. However, the checks being depositied into your account, that does not require asking for id. HOWEVER, When the checks were withdrawn the next day, it would be the banks fault because they did not id the person using your account. But the tricky part is that the person withdrew the money before the checks were even cleared and when the banks were closed, but maybe you had enough already in your account or maybe they overdrew your account? I am not sure. The best advice that you could use is to speak to a lawyer who knows the answer 100%. I am only sure up to a certain point. Sorry I could not help you more.

You may not have been liable for the debt but since you have started making payments you could be deemed to have admitted the debt.

You need to speak to the bank, your MP, a journalist and the Financial Ombudsman (google it).

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