Have u been discharged Tanyadm?

Hi tanyadm.

I'm afraid it does look like this tardiness on the part of RBS will result in their dividend clearing a slightly smaller amount of the debt that is "owed" to them.

I suppose this may mean that they seek to set-off slightly more of any future PPI payment as a result.

Hi Sparky, yes, I was discharged in July - dividends were released in July as well, but RBS didn't claim theirs, so it went to AiB.

TDA - so the creditor passes the £26 AiB charge back to the debtor? Seems a bit cheeky, when it's their inefficiency at fault.

I had no joy with RBS then I called the Financial Ombudsman Service with my complaint, they wrote on my behalf and within in a week my details were updated and got £50.00 for my troubles....funny that 🙂 FOS were brilliant 🙂

Hi tanyadm.

In these very unique circumstances it seems that this could be the outcome .

RBS have told me today that they don't intend to claim the money from AiB. What now?

I might be missing something here tanyadm, but the way I see it (in these unique circumstances) it makes no difference to RBS whether they claim this money or not?

If that's right why would they bother?

Well... perhaps because it's not much bother and it seems really unfair on you. Maybe stick a complaint into them so that someone there reviews the situation who might be a little more customer-focussed?

No, it makes no difference to RBS, and that's why they aren't claiming it - because they no longer need that money. My frustration is not that they are not claiming it - that makes perfect sense - just that week after week, I keep being told different things!

What I don't understand is what AiB will do with that money? Will French Duncan get it back to give to other creditors?

It was as a result of a complaint to the RBS executive response team that I found out they are not planning to claim the dividends.

I'm not sure what will happen to that money at the AIB now tanyadm.

I bet one of our experts will know though...

Thanks Amy, I'll await the experts' views with baited breath....or indeed a response from either AiB or French Duncan to the emails I've sent them. I'll update if I hear.

Certainly in a sequestration it would sit in that account for 7 years and then be transferred to the Secretary of State to join the Governments coffers. I believe it's the same with Trust Deeds.

I thought that was the case where a creditor just left the funds passively / didn't claim them, what if they've actively said they don't want it and I have correspondence from them to evidence that?

Just spoken to the AiB, yes, the treasury will get it, as only RBS can release the money, and they have no intention of doing so. Fssss.

Thanks for sharing that tanyadm.

I don't think RBS come out of this very well in terms of how they've chosen to treat a former client.