Nedbank ***** Negligence

Nedbank Negligence<br> <br> Money was transferred from my FNB account to a ********** Nedbank account.<br> <br> It was R250 000 for a deposit for a flat my wife and i had just purchased. when we transferred the money we used the Attorneys full name, but the account number was that of a *********. <br> <br> My questions to Nedbank is as follows:<br> <br> 1. Why if the name of accounts did not match was the money not reversed to FNB???<br> <br> 2. Why if the name of account did not match was the money not frozen and investigated before allowing a brand new account at Nedbank to withdraw the funds of R250 000 out in cash and then close the account?<br> <br> 3. There needs to be some sort of alarming system within the bank, to pick up on transfers like this, when accounts that don't usually get large amounts transferred into. <br> <br> How did we end up like this a young couple who loaned R300 000 for a deposit and fees to purchase there first home, now sitting with nothing, and having to pay back a loan while i have to now deliver the terrible news to my pregnant wife!<br> <br> Somebody has to be held responsible for this, i cant be the only one to loose.