Bank told to repay child €66k after father emptied her account

The child said she did not benefit from the withdrawn funds

The child was unaware of the account and said no consent was ever given to her father to withdraw funds.

A bank was ordered to repay €66,000 plus interest to a child's account after it was found they failed to prevent the child's father from making unauthorised withdrawals.

The case was one of more than 1,000 legally binding decisions made by the Financial Services and Pensions Ombudsman (FSPO) since the role was established three years ago. The cases dealt with cover the banking, insurance, investments and pension sectors.