Escrow or- a domain purchase saga!

[Wot]

A true account:

In the process of buying a couple of names, not a huge amount but not insignificant, so escrow.com was chosen as the intermediary.

Had my bank remit the funds remit the funds to escrow.com by wire transfer, 3-5 working days max, all details checked and reconfirmed, that was on the 9th November.

As of today 25th November the funds have still not arrived! But I had already set another plan in motion – genius – not!!

Realising there may be an inter bank glitch I reluctantly asked the seller for his bank details for a direct wire transfer. By this time he probably thinks I am bullshitting so need to get the funds to him.

So, last Wednesday 21st November I again contacted my bank through the secure telephone banking line and asked them to send the correct amount direct to seller. Simple, and by express, so seller should have funds within working days 3 days- ha!

What my bank has done defies belief, instead of sending the correct amount ( confirmed by voice recording) by express, some moron has “ticked the wrong box” on the remittance instruction and they have emptied my account and sent ALL the money that was in it to the seller!

So, I now have no names, some money in the ether on the way to escrow.com the rest of my money on the way to a happy seller.

Hopefully it will get resolved but that is how we stand as of today!

My bank – Lloyds TSB , this is the fourth cock up this year and it’s going to cost them if I get my way.

[Olney]

My roommate's friend works in the casino industry here in Japan. He went Dobai & was supposed to have one million yen (About $8,500)transfered to his account. The bank transfered one million dollars from the company he works at to his account. He gave the money back but with the exchange rate fluctuating he made about $2,000 profit.

It's there mistake hopefully they can resolve this quickly for you...