₦airaland Forum

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Keystone has sent me a reversal of my fund into an unknown account without my authorization. Is this right, also?

harsysky:
I got admission into a foreign University in sweden last year and made my tuition fee payment using keystone bank's Form A(I think that's what they call it). After a long wait , I was denied visa. So, this year I wrote to the school that I would be needing my tuition fee refunded.


Now, this is where it baffles me. The school sent the tuition fee back after I opened a dormiciliary account with keystone because of my dad's relationship with them. Did I tell you that the tuition fee was paid from my dad's account upon filling the form A? Now the money has hit my account, but the bank is claiming they will be handing us the same naira equivalent we made a year and some months ago.


Is it right by keystone to do such or just normal banking policy? What if dollar is now 100 naira, would they still be offering us the same amount debited then? I need your answers ASAP. thanks

I'm not so grounded in this, but if you haven't taken the offer of withdrawing to naira, what if you transfer the same funds(foreign currency) to another domiciliary account?

Recount:
I'm not so grounded in this, but if you haven't taken the offer of withdrawing to naira, what if you transfer the same funds(foreign currency) to another domiciliary account?

A banker friend advised so, but now the money has left my account. the bank has, without my authorization, reversed the money to their own reserve or suspense account. I have not heard this kind of thing before.

Bankers in the house, help me out, please.

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Bro why were you denied the Swedish student visa and why didn’t you appeal it? Which uni?

harsysky:
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