Account Number Recycled by CIBC Causes Widow to Fight for Pension Funds
Ottawa, Canada – Dobrinka Gueorguieva, a recent widow, encountered a distressing situation when her pension funds were mistakenly deposited into a stranger’s account by CIBC, her bank. After providing a void cheque to set up her pension deposits, Gueorguieva discovered that the account number on the cheque had been “recycled” by the bank, resulting in five pension payments being deposited into the wrong account. Although the bank was able to recover three of the payments, …