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Court rules on bank transfer error: client must repay R935 949.83

Summary
In a case before the Northern Cape High Court, sitting in Kimberley, First Rand Bank approached the court for an order that one of its clients, who holds an academic doctorate degree, pay an amount of R935 949.83 back to the bank. The court ordered a client who received a payment in error must pay […]

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IOLIOL

Court rules on bank transfer error: client must repay R935 949.83

·South Africa
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2oceansvibe.com2oceansvibe.com

Kimberley Court Orders Person To Repay Bank’s Accidental Windfall Of Over R900,000 – 2oceansvibe News

Bank transfers made in error are not windfalls to be squandered, a judge sternly reminded a client who found unexpected riches in his account—and spent them.

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IOL broke the news in South Africa on Wednesday, February 19, 2025.
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