bank want money back in 14 days what can i do?

[jo.123]

The bank has paid 20000.00 by mistake into the business which closed 18months ago I have not noticed this and the money has been spent the bank now want this money back in 14 days what can i do?

[Lisa2009]

Hi jo and welcome.

Without sounding rude......thats a lot of money to not notice. I'm sure i would notice if that ammount had been paid into an account of mine.

I dont actually know where you stand with regards to this but im sure one of the experts will be along shortly with some advice.

[facingittogether]

hi jo and welcome!

i am not being judgemental but 20000 is alot of money not to have noticed, was it a big business with a big turnover and that is why it went unnoticed? i am not
an expert but one will be along to advice you!

i hope that you get the answers you need

good luck

barb

[Viki.W]

Hey Jo, did you post the amount incorrectly maybe? Did you have a bookkeeper or accountant or did you do books yourself? I'm sure an expert will help you shortly. Viki X

[MelanieGiles]

The money is rightly repayable to the bank, and if you have spent it and no longer have the funds the bank will likely commence recovery action against you.

[Adam Davies]

Hi Jo
Take professional advice.
If your figures are correct then the bank will take legal action and if you have assets[house etc]this may be used to recover the debt by way of a charging order or they could look at bankrupting you
Regards

[joh71262]

Um - if you didn't notice it, how could you spend it ???

[kallis3]

My thoughts exactly. How can you spend something you haven't noticed? And if the business was closed, why was the account still open?

I would definitly notice that amount going into my account!