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Ash
Ash, Solicitor
Category: Law
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Experience:  Solicitor with 5+ years experience
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Back in the end part of 2010/2011, I had an endowment insurance

Resolved Question:

Back in the end part of 2010/2011, I had an endowment insurance which was due out to help pay off part of my mortgage. The payment of £10,000duly went into my Lloyds bank account from the insurance company prudential. Un beknownest to me, my husband at the time, and joint holder of my bank account had been listening to all my conversations re insurance, there was some difficult getting the payment through from insurers, disappeared out. When I asked the bank where the money had gone, they said they had given the money to my husband. I was furious, as the money was in my name alone, clearly marked from prudential and was mortgage money. I took the manager to task over it, suggesting that he should have asked me for my permission before giving it to him. His answer was it was a joint account, my husband had a perfect right to it. No apology or anything else was ever forthcoming him. I am not even sure I have any redress whatsoever now, but a friend has very recently suggested I should try? My husband refused to return the money to me, and I consequently divorced him.
Submitted: 1 year ago.
Category: Law
Expert:  Ash replied 1 year ago.
Hello my name is ***** ***** I will help you.
Was it taken from the joint account please?
Alex
Customer: replied 1 year ago.
yes, it was
Customer: replied 1 year ago.
What I really want to know is 1) do I have any redress at all against the bank concerned? and 2) am I already out of time? Is there a time limit on these things?
Expert:  Ash replied 1 year ago.
It's bad news then, the money was paid into the joint account and as such the bank did nothing wrong. If it was joint he is able to take it out. If you wanted it to be only yours then you should have asked the bank to pay it into a sole account or remove him from the joint one.
However I would try the financial Ombudman, they can investigate this for you. They offer a free, independent service at www.financial-ombudsman.org.uk
But if they can't help then it would be for you to issue a claim in the county court against your ex.
Can I clairfy anything for you about this today please?
Alex
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