shellylori
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You don't have to do anything. The bank will find the error and correct it. I wouldn't touch it and I wouldn't bother to tell them either cause they'll find it anyway. Just go about your business with the money that you know you have and pretend it's not there cause really, it's not there. |
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GI
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Banks generally find these errors within the week.
When they do, they take the money back, plus any interest. So you won't help yourself to try to get more interest on it.
If you knowingly move it somewhere "riskier," then you could be legally liable.
Best to just let them know and avoid any problems later. It's unlikely an employee will get in trouble for this. It's so common it has its own name: "fat fingering." |
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Judy1
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I'd let the bank know. They'll almost surely catch it anyway when they are out of balance, but if you let them know where it went it will save them time looking for it. You won't get someone in trouble - mistakes happen.
As to putting it somewhere that would get higher interest, if you put it where it would get an extra 2% and it took them a cou[ple weeks to find it and reverse it out, that would be about 80 cents extra interest, hardly worth it. |
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Mrs.C
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You can tell them or they will catch it on their own, eventually and it will make you look stupid.
Do the right thing |
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charley_bbabbitt
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go to the bank tell them |
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Leena
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That happened to me years ago. They put a deposit in twice.
I kept the money in there and never used it. I figured when they caught it they can take it back. They never caught it. Lucky me. Don't feel bad, imagine how many times you have been ripped off in your life. |
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David B
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its theft if you take the money...inform them now. |
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Here's To 2009! =]
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♥ That would be totally wrong of you to keep the money just because they made a mistake. I understand that we've all been ripped off in life, and we're all a bit hostile at times, but it still doesnt make it right. If you spend the money then they can hold you liable for paying back every cent. Dont spend it, do the right thing! :-) |
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M L
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Inform them .......that is the right thing to do....... |
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Hope Passion Sanity
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they will correct it eventually and if you spend it...it will be "all your fault"
put it in an account that gets interest and after you've benefited from their error - do in and tell them so they can take the 1000.00 back. everyone wins and conscious' are clean. |
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irishone28_99
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Most likely your bank already caught the mistake and because there is a delay in their system it may take a little bit more time to see the change in your account. If they didn't catch the mistake and posted it twice your best bet is not to spend the money because they will eventually find it and you will have to pay the money back. |
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Seament
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smart thing is to bring it to the bank's attention |
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Ricky
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I'd say wait and see if it clears and if it does then let the bank know. I had that happen to me once that it looked like a deposit was made twice but in the end it wasn't. I've also seen it happen with some of my debits. |
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EMILY S
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nope put it in a high intrest account its there fault at the end of the day |
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Craig T
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Its more than the ethical thing, you could find yourself on the wrong side of the law
Bank error in your favor? Your problem
If you find yourself in possession of extra money because a bank or employer made a mistake in your favor, don't get too attached -- and don't spend it.
If you find a $20 bill on a deserted street, "finders keepers" is the general rule.
But how about a bank error in your favor? Or extra, unearned money in your paycheck? Or an unexpected, unexplained check in the mail?
Turns out there are some pretty firm rules about these windfalls. And the outcome usually isn't in your favor.
(see link below for the full article) |
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Mistress
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Wow, I thought that only happened in Monopoly. |
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fire_side_2003
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More than likely the error was noticed when the teller tried to balance their drawer that night. Anyway, if they don't catch it now they will, during an internal bank audit. Anyway, it will end up costing you more in the future in possible overdraft fee's and NSF fees if you try to keep the money and will probably turn out to be a big headache. Ethically it is wrong, but also from a financial smart position it is just a "dumb" thing to do. |
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dark_massiah
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This happened to my friend, a guy deposited £3000 into (what was supposed to be his account) my friends account. Due to the fact it was the banks error they could do nothing but ask politely for the money back from my friend. He declined and kept the money like any sane person would ^_^
Congratz!! |
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Volusian
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Report it to the bank. If you don't, the bank will find the mistake eventually. You can BANK on that! |
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mannliz
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Inform the bank of the error,what goes around comes around. |
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jimobasa
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Withdraw $2,000 fast and then pay it back in next day |
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nunya b
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one word. Karma |
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Mademoiselle O'
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Wait and see :) |
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Brian V
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Transfer the money to A high interest account and wait and see, after all you know you have $1000 in your account so that will be OK to transfer that and wait and see what happens. Banks are always finding ways of ripping us off, so do not worry about it it is there mistake. |
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Lange
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Its certainly not illegal to withdraw the funds, as it's the banks error, but in time they will be taking the funds back.
The exact same thing happened to a friend of mine who was a window cleaner, he was given a cheque for £7 and the cashier entered £700 and the funds cleared.
He waited for about 70 days and spent some of the cash and the bank called him and said that they were sprry and made an error, first off the customer though he had doctored the cheque to steal from her, though the bank confirmed it was an error on thier part.
The funds will remain in your account ontil the business or person who gave the cheque notices that the funds are missing from there account.
Unless they do the funds will remain. |
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Jigga Jig
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if you wanna keep the money, you gotta go right now and close the account.
by the end of today or maybe sooner, they will find out the error and make the adjustment.
if you close the account now and dont give them a chance to fix it, then I think you'd be safe. |
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