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THAT'S RICH AS BANK HOLDS OUT pounds 7 OLIVE BRANCH.

BARCLAYS, locked in a row lasting six years over an alleged failure to cancel a pounds 10,000 cheque, have just come up with an offer of a refund...for pounds 7.

But furious customer Peter Chown - an inventor who devised the odourless trainer, bike racks on cars, and the classic green scouring pad - is demanding pounds 22,000 from the high street giant in repayment, interest and compensation.

He told the Sunday Mirror that Barclays failed to stop a pounds 10,000 cheque AFTER it had charged him pounds 7 for cancelling it.

Barclays only keeps the numbers of stopped cheques on its computer for six months compared to HSBC, NatWest and Lloyds who retain them for a year.

Mr Chown, who now banks with HSBC, suspects that the person to whom the cheque was made out, knew about the time limit and altered the date.

But Barclays say that Mr Chown got the payee's initials wrong in his cheque-stopping order. They also said Mr Chown left the date blank. But he told the Sunday Mirror he has never forgotten to write a date on a cheque and still has a copy of the stub with the date on it.

The latest twist in the row came in a letter dated February 12 this year, when Barclays offered a refund of pounds 7, the fee for the cheque-stopping service it failed to provide

A Barclays spokesman added: "We genuinely want to sort this out amicably."
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Title Annotation:Features
Publication:Sunday Mirror (London, England)
Date:Feb 21, 1999
Words:246
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