Random Money

[Gamah]

So £453 credit appeared in my account today from nowhere

Yey to random money <o/

 

[Naetha]

Nice one

Large and unexpected injections of cash are always welcome

 

[Gamah]

Nice one

Large and unexpected injections of cash are always welcome

I find the twenty's clog my veins though.....








ba boom boom


CHHHHHHH

 

[Mey]

I'd make sure you were supposed to have it or the bank will come a ringing and asking for it back

 

[Dreamor]

I found almost £100 in used £10 notes when walking home from a night out the other week, was well chuffed

 

[MaCaBr3]

So £453 credit appeared in my account today from nowhere

Yey to random money <o/

So, in what bank do you have your account again?

 

[Gamah]

So, in what bank do you have your account again?

Bank of HotVladLurve.

 

[soze]

I always heard that this money is now yours all your bank can do is ask for it back as it was thier error. Would like a law types persons view on this

 

[Serbitar]

some friends of mine wondered why they seemed to have more money in the bank than they thought they should have had, upon investigation it turned out that when they had set up their mortgage payments after creating their joint account whoever took their details over the phone had screwed up and got the account number wrong, and as such their mortgage had been paid for 3 months by some poor unsuspecting person.

they dutifully informed the mortgage ppl and they returned the money to mr. unfortunate and they had to pay the 3 months mortgage, however they did get £50 as an honesty thank you.

which is a lot better than what would have happened if they hadn't said anything

 

[AngelHeal]

lol gamah u sold ur accs?

 

[Urgluf]

share! share! share!

 

[Gamah]

lol gamah u sold ur accs?

I wish I would get that much for them.

 

[Bugz]

AFAIK, if it's something that isn't rightfully yours and it was placed into your account by mistake, you can be made by the bank to pay it back (even if it's their error).

 

[Bahumat]

anyone remember reading that guy's story who cashed a fake spam check and the banks went crazy trying to get it back?

im sure you have to give it back in most instances.

 

[old.Tohtori]

I say wait for two weeks and if the cash is still there...get naked and roll in it!

 

[CorNokZ]

I always heard that this money is now yours all your bank can do is ask for it back as it was thier error. Would like a law types persons view on this

They can just take it back, believe me

A friend of mine here in Denmark were to deposit about 470£, but the bank made a mistake and deposited 4700£, so he hurried outside to withdraw a nice lot of it so he could have a good night out later, but when he checked the account they alrdy had taken it back

 

[Mey]

Aye, when i make a mistake on the cash desk that i notice later on in the day i just correct it out and change it too what it should be.

 

[soze]

Aye, when i make a mistake on the cash desk that i notice later on in the day i just correct it out and change it too what it should be.

So what would happen if it was missed on the day and a week later the person the money belongs too called and asked for it and it was then disovered. And what if the person who had got it had already spent it?

I assume from what you have said they would have to give it back but would they be expected to pay fees ect if they go over drawn?

 

[Amildin]

If a bank wrongly gives you money it is yours if they do not reclaim it within 7 years. If you spend the money in this time they can take it off you, if you dont have enough to pay it back they can take it as credit and charge an overdraft fee. Imo if it is still there in 2 months, spend it. Not to rain on you're parade or anything

 

[Jeremiah]

I'm not 100% sure about this, but I think in the UK you are responsible to ensure your bank account is accurate. The bank, obviously, are responsible too, but I would guess from their point of view, they are only liable when your account has less than it should in it.

If your account has more than it should, then the bank is permitted to take back their property (the extra cash) when ever they want, plus if that means you become overdrawn, you need to pay the admin costs as well (since you should be aware of how much you actually own).

Something like that anyway...

 

[Mey]

What I meant by first statement was when I make mistakes on amounts not the account number, just to clarify.

As to your question soze it’s usually case-by-case. Most stuff doesn't get missed for that long as all your work gets sent off to clearings after the close of business. And even before that you have to balance your till, and if you don't have the correct money in your till you have to tick back all your transactions making sure they have all gone through correctly. Also its near on impossible to stick money in too someone else’s account as the account numbers are pretty different. And having one that is the same but with 1 digit changed on the same sort-code is something I have never seen.

But for argument sakes say you do get money accidentally in your account, I think its there’s something in the T&C when you open your account that states something about your duty to inform the bank of any errors, most cases you will get given a good-will gesture (usually money).

If you spend the money that wasn't yours and the bank takes it back and thus puts you overdrawn then I think you can still be charged for it, unless it was a genuine mistake (which is fairly hard to prove).

All this is purely electronic based, if the cashier miscounts and gives you too much physical cash then that is there fault and you wouldn’t be expect to repay it as the bank has no way of proving it, that and after doing god knows how many transactions in a day when they actually notice they have given someone to much money they have no idea who it was..

((this isn't written law, just my understanding from my perspective as an employee))

 

[Tesla Monkor]

There was one women a few years back who got several 100 millions transferred into her account accidentally. (An in-bank transfer). She didn't get to keep it, and she wasn't going to get any interest over the huge sum either.

 

[Huntingtons]

imo you should tell bank and hope for a good will gesture do it personally and probably demand talking to a high ranked employee who has the right to do it.

 

[Urgluf]

imo you should tell bank and hope for a good will gesture do it personally and probably demand talking to a high ranked employee who has the right to do it.

Would do that if I get like 10K orso, what you got is pocket money in the end.. just hope they won't notice it !

 

[soze]

What I meant by first statement was when I make mistakes on amounts not the account number, just to clarify.

As to your question soze it’s usually case-by-case. Most stuff doesn't get missed for that long as all your work gets sent off to clearings after the close of business. And even before that you have to balance your till, and if you don't have the correct money in your till you have to tick back all your transactions making sure they have all gone through correctly. Also its near on impossible to stick money in too someone else’s account as the account numbers are pretty different. And having one that is the same but with 1 digit changed on the same sort-code is something I have never seen.

But for argument sakes say you do get money accidentally in your account, I think its there’s something in the T&C when you open your account that states something about your duty to inform the bank of any errors, most cases you will get given a good-will gesture (usually money).

If you spend the money that wasn't yours and the bank takes it back and thus puts you overdrawn then I think you can still be charged for it, unless it was a genuine mistake (which is fairly hard to prove).

All this is purely electronic based, if the cashier miscounts and gives you too much physical cash then that is there fault and you wouldn’t be expect to repay it as the bank has no way of proving it, that and after doing god knows how many transactions in a day when they actually notice they have given someone to much money they have no idea who it was..

((this isn't written law, just my understanding from my perspective as an employee))

Thanks for that i have always wondered as me and my dad have the exact same name (except he has a middle name) and we opened our accout at lloyds at the same time so i fugure the numbers should be close Always considered paying money into the wrong account on purpose then claiming Lloyds messed up to try get something free, shame im a wimp when it comes to stuff like that

 

[Jolo]

imo you should tell bank and hope for a good will gesture do it personally and probably demand talking to a high ranked employee who has the right to do it.

Dear Bank Manager,

You have stuck £453 in my account that does not belong to me - I wish to inform you of this error on your part, and would point out that it would probably in your interest to rectify this error.

You have been charged £50 for this oversight - feel free to take the other £403.

Yours, etc. 8)

 

[Ging]

last time i found extra cash in teh bank was when i realised due to some admin error (overdraught limit anyone ) my mortgage hadnt gone out - was well chuffed for the 5 mins grace period as i searched for payments i knew should have gone...

 

[Sparda]

nothing in your account is "yours" till anywhere between 6 months and 3 years is up (could be 7). Say you pay in a cheque it clears ect and 4 months later the bank can take it back if the cheque was found to be a part of fraud, faked, or just plain bounced. Your then overdrawn X amount and its your fault ^^.

Like its been said, only time you can keep the money is if its cash, over the counter. But be nice, you would expect the bank to give you it back if you didnt get the right amount from them, or didnt have the £453 you transfered to yourself via online banking, in your account.

 

[Mey]

Like its been said, only time you can keep the money is if its cash, over the counter. But be nice, you would expect the bank to give you it back if you didnt get the right amount from them, or didnt have the £453 you transfered to yourself via online banking, in your account.

I'd be so rich if i could keep all the extra money that people give me over the counter damn morals and working ethics!

 

[Ezteq]

ever notice how when anyone (i.e bank, employer etc) under pays you its a bitch of a job trying to get them to rectify the situation but when they over pay you its like they go in to overdrive to get the mula back?

years ago i went away for a week and at the time was expecting my increased pay to go in my account, i went to an atm and saw i had £500 to spend so well... i spent it, i get back home and theres a letter waiting for me,

"dear sucker we (the bank) have given you a £500 over draft (even though you didnt ask for it or expect it) if we do not hear from you we shall consider this acceptance of the new funds your sincerely *bank*"

royally stitched me up tbh and i was furious, since then i have been adamant that no bank ever ever give me an over draft without me asking for one (at a different bank now and even they tried giving me an over draft without clearing it with me first) tbh this should be made illeagle because the banks know not many people cba to call and say "FGS take that back!!". I never paid the money back to the bank i was furious and i went in there and told then i had no intention of paying it back and that it was highly irrisponsible of them to act that way, then i closed me account and moved it else where.