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Nairaland Forum / Nairaland / General / Education / Aggrieved Customer Calls Out Polaris Bank Over UK School Tuition Refund Impasse (19531 Views)
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Re: Aggrieved Customer Calls Out Polaris Bank Over UK School Tuition Refund Impasse by LAXconfidential(m): 11:37pm On Nov 29, 2023 |
Nzjz |
Re: Aggrieved Customer Calls Out Polaris Bank Over UK School Tuition Refund Impasse by airsaylongcome: 11:45pm On Nov 29, 2023 |
Ucheamani: Have you got a reference for this? |
Re: Aggrieved Customer Calls Out Polaris Bank Over UK School Tuition Refund Impasse by SmartyPants(m): 11:49pm On Nov 29, 2023 |
I see the difficulty here - well the truth is such transactions will appear suspicious because round-tripping is a typical money laundering operation. The one thing she should have no fear of is whether the Uni will hold her money. They will surely refund it though they may start to charge for the inconvenience. 3 Likes |
Re: Aggrieved Customer Calls Out Polaris Bank Over UK School Tuition Refund Impasse by Kachidubem: 11:53pm On Nov 29, 2023 |
Jecinth:Fool 6 Likes 1 Share |
Re: Aggrieved Customer Calls Out Polaris Bank Over UK School Tuition Refund Impasse by bemeruca: 11:55pm On Nov 29, 2023 |
jojothaiv: Can't you read? The money goes bank to where it came from |
Re: Aggrieved Customer Calls Out Polaris Bank Over UK School Tuition Refund Impasse by bemeruca: 11:56pm On Nov 29, 2023 |
airsaylongcome: Use google. |
Re: Aggrieved Customer Calls Out Polaris Bank Over UK School Tuition Refund Impasse by MasterTee007: 11:56pm On Nov 29, 2023 |
I was thinking the same thing...you open a new account with Polaris to receive a refund. Why would Polaris honor that? If the money is withdrawn, Polaris can be in the hook if its an illegal transfer. The school can issue her a check to cash that will be processed by any bank after x amount of time. She should provide a legit address for the check lol ThatCEO: 2 Likes |
Re: Aggrieved Customer Calls Out Polaris Bank Over UK School Tuition Refund Impasse by Regie2bless: 12:04am On Nov 30, 2023 |
Dyt:tell the school to pay u through western union. 1 Like |
Re: Aggrieved Customer Calls Out Polaris Bank Over UK School Tuition Refund Impasse by OmarBashir: 12:16am On Nov 30, 2023 |
Well, it's a sad case, but it is part of the anti money laundering policies in place, if she can try to print out statement to show evidence from the naira account to the GT dorm account and probably get a lawyer. If she doesn't mind paying for the services of one. She should get the funds back Dyt: |
Re: Aggrieved Customer Calls Out Polaris Bank Over UK School Tuition Refund Impasse by Validated: 12:22am On Nov 30, 2023 |
My sister abi na brother, Polaris is ABSOLUTELY right. The school should not have refunded to a different account. Solution, get the original account holder to reactivate the paying bank account. Otherwise, your money has entered money laundry censure account. 5 Likes |
Re: Aggrieved Customer Calls Out Polaris Bank Over UK School Tuition Refund Impasse by HazzanTazzan(m): 12:27am On Nov 30, 2023 |
ThatCEO: foolishness is easy to spot. if you had read er post and saw the evidences provided, youd see the school tried refund but refund declined multiple times cos the originating account doesnt function anymore... you wont know this either ... smh 1 Like |
Re: Aggrieved Customer Calls Out Polaris Bank Over UK School Tuition Refund Impasse by HazzanTazzan(m): 12:32am On Nov 30, 2023 |
Ucheamani: youre right but theres exception to that law. The initial beneficiary is allowed to refund to a new account after verifying originating account isnt accessible anymore and also verifying ownership and identity of the claimant i.e owner of the originating account which is no more active/accessible must give the beneficiary the go ahead to refund to the new account provided by the claimant. Even NHS has done this for people who paid their ihs using third party accounts and the accounts are no more active after a year when they want to claim ihs refund having worked in the healthcare sector for over 6 months. 1 Like |
Re: Aggrieved Customer Calls Out Polaris Bank Over UK School Tuition Refund Impasse by Ashirioluwa: 12:33am On Nov 30, 2023 |
Jecinth: Don’t pay this scammer any attention because is here to take advantage of the good people on this forum. All he has been doing is using different names to scam innocent people. 1 Like |
Re: Aggrieved Customer Calls Out Polaris Bank Over UK School Tuition Refund Impasse by airsaylongcome: 12:33am On Nov 30, 2023 |
bemeruca: ![]() |
Re: Aggrieved Customer Calls Out Polaris Bank Over UK School Tuition Refund Impasse by planetx: 12:40am On Nov 30, 2023 |
Jecinth:Who the hell is this annoying person and why has this person not being permanently blocked. 2 Likes |
Re: Aggrieved Customer Calls Out Polaris Bank Over UK School Tuition Refund Impasse by chiboycue: 12:55am On Nov 30, 2023 |
Dyt: Sorry for your pain. Please go and report Polaris bank to Ordinary Ahmed of brekette family so that he could proffer solutions on how your money could be returned to you. |
Re: Aggrieved Customer Calls Out Polaris Bank Over UK School Tuition Refund Impasse by coleon(m): 1:27am On Nov 30, 2023 |
Cmanforall:If you are in the system you will know what's going on here. She's trying to be clever by half and trying to blackmail the bank into submission. She probably got the pounds when the rate was around 500/$ and today the rate is above 1000/$. She knows if they return the money to the account she used to remit it they will convert it at the old rate to dollar as per CBN policy, but if she diverts the funds into a pounds account she will receive pounds without conversion and sell it at the rate now which is above 1000/$. The bank will not want to incur CBN wrath by allowing that to happen because they might be fined if the source of the fund is traced and it's found to be roundtripping. Many people were using this method to cash out when CBN was still selling dolllars to students through the banks. 3 Likes |
Re: Aggrieved Customer Calls Out Polaris Bank Over UK School Tuition Refund Impasse by PAYnDRIVE(m): 1:41am On Nov 30, 2023 |
Nigeria my country. |
Re: Aggrieved Customer Calls Out Polaris Bank Over UK School Tuition Refund Impasse by yinkeys(m): 1:45am On Nov 30, 2023 |
Shitty bank Bad customer service |
Re: Aggrieved Customer Calls Out Polaris Bank Over UK School Tuition Refund Impasse by Zooposki(f): 1:49am On Nov 30, 2023 |
Re: Aggrieved Customer Calls Out Polaris Bank Over UK School Tuition Refund Impasse by mono26: 2:42am On Nov 30, 2023 |
Exactly! until u start working in d bank to know how these fraudsters do things, you won't get it. I am a banker well trained in anti money laundering & counter financial terrorism. Let me not talk too much. Why was the account closed without her consent? quote author=happney65 post=127235064] Exactly. The school has even been magnanimous enough to send to a Polaris account and not the GTB it came from. But why was the GTB account closed and it cant receive money again? Maybe it should be reopened and the money sent to the original account it left from instead of all these back and forth [/quote] |
Re: Aggrieved Customer Calls Out Polaris Bank Over UK School Tuition Refund Impasse by damosade(m): 3:12am On Nov 30, 2023 |
This one wan scam bank. Round tripping. Your eyes dey new pounds exchange rate abi. We are not all dumb why is the remittance account closed all of a sudden? University sef tried to even send the money to your account directly. . Am also a banker baba the account can be reopened temporarily for your own money to enter. 1 Like |
Re: Aggrieved Customer Calls Out Polaris Bank Over UK School Tuition Refund Impasse by Jozilinn: 3:39am On Nov 30, 2023 |
[quote author=LAXconfidential post=127235284][/quote] same here oh I no fit go kill myself imagine them Colling me #300 naira if you are sending me #1000,I don zero mind oh everywhere na Debit upon debit, na gtb I get for mind but person tell me to use first bank. |
Re: Aggrieved Customer Calls Out Polaris Bank Over UK School Tuition Refund Impasse by Jozilinn: 3:39am On Nov 30, 2023 |
[quote author=LAXconfidential post=127235284][/quote] same here oh I no fit go kpai myself imagine them Colling me #300 naira if you are sending me #1000,I don zero mind oh everywhere na Debit upon debit, na gtb I get for mind but person tell me to use first bank. |
Re: Aggrieved Customer Calls Out Polaris Bank Over UK School Tuition Refund Impasse by Jozilinn: 3:41am On Nov 30, 2023 |
[quote author=LAXconfidential post=127235284][/quote]same here oh I no fit go kpai myself imagine them Colling me #300 naira if you are sending me #1000,I don zero mind oh everywhere na Debit upon debit, na gtb I get for mind but person tell me to use first bank. |
Re: Aggrieved Customer Calls Out Polaris Bank Over UK School Tuition Refund Impasse by joseph1832(m): 3:45am On Nov 30, 2023 |
Dyt:nonsense. Imagine the half baked reason Polaris bank is giving. So because she didn't send the money from the account, they want to refund it. I'll advise she go to the bank where she opened the account and lodge a formal complain. |
Re: Aggrieved Customer Calls Out Polaris Bank Over UK School Tuition Refund Impasse by Kaa4(m): 3:47am On Nov 30, 2023 |
ThatCEO: |
Re: Aggrieved Customer Calls Out Polaris Bank Over UK School Tuition Refund Impasse by Kaa4(m): 3:47am On Nov 30, 2023 |
ThatCEO:POWERFUL |
Re: Aggrieved Customer Calls Out Polaris Bank Over UK School Tuition Refund Impasse by ThatCEO: 4:14am On Nov 30, 2023 |
HazzanTazzan: Beer parlour reply reply from a typical dullard. Since you read the story, Oya Identity the originating account in this story, Lemme me measure your IQ. 1 Like |
Re: Aggrieved Customer Calls Out Polaris Bank Over UK School Tuition Refund Impasse by Calicoe: 4:29am On Nov 30, 2023 |
Blake755: ![]() ![]() ![]() Access na ur mate? Bank wey call me say pesin mistakenly pay money into my account make I come the following day come help them move the money back only for them to move the money before the following day reach in my absence. Worst bank in Nigeria so far |
Re: Aggrieved Customer Calls Out Polaris Bank Over UK School Tuition Refund Impasse by Focusmind: 4:38am On Nov 30, 2023 |
Nigerians and their victims mentality. So, she expected Roehampton university to pay the refund into any account provided to them even though the account was NOT the account from which they earlier received the inflow? For them to even finally agreed to pay the refund into a newly opened domiciliary account showed their consideration for her plight. Ordinarily, they were not supposed to pay the refund into any account that was not the originating account in the first instance. These institutions abroad have regards and respect for fine prints. They don't act the way we act here without control and due diligence. They have taken their time to go through her refund request and noticed lots of inconsistencies and abnormalities. Polaris bank was also right in returning the fund. The reason for the inflow into the new dom account may have been narrated as "refund ". However, polaris bank did not see any outflow from the new dom account to warrant receipt of any "refund" inflow into it. This is purely how banks and financial systems works in many occasions. Refund has to go into the originating account that paid out the money, initially. We should not allow sentiments to mask our ignorance on certain issues. She is lucky that she was dealing with a UK institution. An American institution will not even entertain correspondences with her if she fails to provide the original account that paid out the school fees, coupled with the fact that the request is coming from a Nigerian subject, who are viewed from a fraudulent perspective, usually. 2 Likes |
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