Found Debit Card

"Jeremy Goff" wrote

You don't really expect them to simply give the card back to him(/her) - rather than stopping it & reissuing - do you?

BTW - why did you insist on giving your name/address - do you expect a "reward"? Or do you think that they should come back to you if any "rogue" transactions appear - if so, aren't you worried that someone else (thief, pick-pocket, opportunistic finder) used the card fraudulently before "losing" it where you found it?!

In message , Tim writes

At one time there was a £30 reward for handing in a 'found' Cheque Guarantee Card but I havent heard of it for years now. If I had been the OP I would have handed in at a police station.

I think they have raised the amount to 50! I know that they pay supermarket staff that amount (then deduct tax and NI)

"shiftZZ@no_email.com" wrote

Who is "they" ?

"> BTW - why did you insist on giving your name/address - do you expect a

I would think that a thankyou might be nice. I had a similar experience when I found a Barclaycard and a Costco card. I didn't expect Barclaycard to give me the persons name and address but I did want the fact that I had their Costco card to be pasted on which they did. The person whose card it was did actually give me something but it certainly wasn't expected.

Kevin

Yep,

I found one once and handed in into the bank.

I was asked if I wanted to leave my mane and address for the reward.

I declined precisely on the basis that there might have been a person who had 'found' it before me, used it and then lost it again. I didn't want to have to prove that this other person wasn't me. Just like you have suggested

tim

A "thank you" was all I wanted - it all seemed too much trouble to the bank - just couldn't handle someone trying to be honest I guess!

In message , "shiftZZ@no_email.com" wrote

Isn't that the reward for confiscating a card that is being used fraudulently?

LOL

especially as you might have picked a machine with a camera

tim

Jonathan

I found a debit card in the street and I just took it to the nearest branch, which was about 2 mins walk away. He just thanked me and that was that. I didn't expect a medal!

"shiftZZ@no_email.com" wrote

How on earth could the "debit card issuer" deduct tax and NI - unless the "debit card issuer" also *employ* the cardholder??!! :-(

"Tim" wrote

^^^^ Read "holder of the card" (ie finder) rather than "cardholder" !!!

Tax quite easily, just ask for the persons tax idenifier (aka NI number) on the claim form you submit when you send the card back and then deduct the tax at basic rate, when they make a payment they send a cheque and a proof of income/tax deduction certificate relating to it, at 5 april then just send details of everyone they paid to the inland revenue. NI AFAIK isn't deducted.

Doesn't even need to be that complicated - if you claim loss of earnings during an insurance claim (eg for time off work after a car crash), the insurance company will deduct tax AND ni at basic rates from your payout - and they don't ask NI number etc - just take the money off you. Quite how you check whether that sum reaches your tax/ni account is another question.

In message , Tim writes

The original scheme to which I referred was paid by the card issuer to the member of the public in cash.

The scheme referred to by the poster above is a reward paid by the card issuer to the employer of the staff member who then pass it to the staff member and it is then regarded as taxable pay and so they deduct tax and NI.

I suppose one could "hand it in" by taking it to a cash machine and entering random PINs until it keeps it. Mind you, there's a slight risk that this could lead to a moral dilemma. What do you do should you chance upon the right number?

Not if I took the precaution of disg.. I mean, not if I happened to be on my way to a fancy dress do in my dark glasses, false beard, breton cap, tartan scarf, raincoat, and fishnet tights.