Letter: Banking secrecy

Monday 14 July 1997 23:02 BST

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Banking secrecy

Sir: Each month I pay by standing order an amount of money to my daughter's bank account. Like our correspondent M A Qavi (letter, 14 July), I have been able to compare dates on the two bank statements. There is always a period, often of five days and sometimes up to nine, when the money is neither in my account nor in hers. Where does the money go? Who owns it? Who receives the interest? My bank has never given me an answer. Can anyone offer a justification?

Dr I R McLAUGHLIN

Uley, Gloucestershire

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