Ontario man tries to retrieve funds after online banking mistake
An Ontario man said an online banking mistake caused him almost a month and a half of aggravation.
“I was making a payment through my Scotiabank online banking and I paid it to the wrong account," said Fred Martin, who lives just south of Ottawa.
Martin was trying to pay his tax bill and meant to send money to Revenue Canada, but he clicked on the wrong payee and accidentally sent more than $2,664 to a MasterCard account with The Hudson’s Bay Company.
Fred’s wife Anne said it’s been frustrating trying to get the accidental payment sorted out.
“It's been five weeks now and you get on the phone for two hours with the bank, no exaggeration, and with the Bay too," Anne said. "You get off the phone and you are no further ahead then when you started."
Millions of Canadians use online banking everyday to pay their bills and send e-transfers without problems, but if you do make a mistake it can be difficult to rectify it, if you don’t catch the error the same day.
Fred said he realizes it was his mistake for clicking on the wrong payee in his online banking, but he can't believe there isn't some way to reverse the funds.
To make matters worse, the MasterCard account with Hudson's Bay was closed years ago, so it's not clear where the money went.
They were told their bank should send an authorized debit request to get the money back from the MasterCard account, but they said after more then a month nothing has worked.
“I feel awful. I feel terrible. I’ve even had a couple of sleepless nights you know. I made a big mistake and I feel terrible," said Fred.
CTV News reached out to the Hudson’s Bay Company and Scotiabank and they agreed to review Martin's case.
“We have contacted the customer and communicated our attempts to resolve this matter as quickly as possible," a spokesperson for Scotiabank told CTV News Toronto.
"We encourage customers to always carefully review the details of their online banking transactions, including ensuring that payee information is accurate when paying bills online as funds are transmitted directly to that payee when the transaction is processed. Scotiabank customers can reverse a bill payment before 8:30 pm ET on the same day they made it.”
A spokesperson for Hudson’s Bay Company told CTV News Toronto that, “As an update, MasterCard has processed the return and the funds are back in Mr. Martin’s account. This has now been resolved.”
The Martins contacted CTV News Toronto to say that after we got involved, they got their money back.
“It's been six weeks of frustration. We really did believe we were not going to see that money again, we really didn't so it’s a major relief,” said Anne .
Fred said he'll be more careful banking online in the future.
If you make a mistake in your online banking contact your bank right away.
CTVNews.ca Top Stories
'Oh my God, you're my brother': Man in his 70s discovers 6 unknown siblings
After receiving a DNA kit one Christmas from his son-in-law, Hugh McCormick soon discovered that he had six unknown siblings, with whom he shared the same birth parents.
No refund for travellers who cancelled flight already scrapped by airline: regulator
Four years on, the controversy over whether airlines owed refunds to passengers after cancelling hundreds of thousands of flights during the pandemic continues to simmer, aggravated by a sluggish, opaque complaints process.
Just how bad are ultraprocessed foods? Here are 5 things to know
Many foods fall under the category of ultraprocessed foods, depending on their exact ingredients. This type of food has been studied a lot lately, and the results aren’t great.
'My family doctor just fired me': Ontario patients frustrated with de-rostering
Dozens of Ontarians are expressing frustration in the province’s health-care system after their family doctors either dropped them as patients or threatened to after they sought urgent care elsewhere.
Rates of cancer declining in Canada, but more work needed to save lives: projections
A new study projecting declining rates of cancer cases and deaths in Canada demonstrates the success of prevention and early detection programs, but also highlights areas where more work is needed to save and prolong lives, researchers say.
DEVELOPING Trump trial arrives at a pivotal moment: Star witness Michael Cohen is poised to take the stand
The star prosecution witness in Donald Trump's hush money trial is set to take the stand Monday with testimony that could help shape the outcome of the first criminal case against an American president.
Canucks hold off Oilers for 4-3 win in Game 3
Brock Boeser had two goals and an assist, and the Vancouver Canucks hung on for a 4-3 win over the Edmonton Oilers in Game 3 of their second-round Stanley Cup playoff series.
Ottawa pizzeria places among top 20 deep-dish pizzas in the world at international competition
An Ottawa pizzeria is being recognized as one of the top 20 deep-dish pizzas in the world.
Man fatally 'slashed in the neck' in downtown Toronto, suspect outstanding
Police are searching for a male suspect after a man was “slashed in neck” on Sunday morning in downtown Toronto and died.