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OTish: New bike on bank's dollar?

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OTish: New bike on bank's dollar?

Old 01-08-08, 05:36 PM
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curiousincident
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OTish: New bike on bank's dollar?

So I went to the bank today to deposit a 270ish paycheck. When I got the receipt it says that they put in over 1,100 extra in my account! It is also showing up on my Net teller account with them. Now I have no clue if this is true or not, but I think i remember hearing somewhere that if the bank errs on a transaction to your benefit, they really can't do anything about it. So is this ferreal? Or am I going to log on tomorrow to find my bank account as empty as it ought to be?

Edit: Also there is the concern that it'd be unlawful for me to not do anything about this. That and there is the moral side of things, but I'll worry about that once I figure out what's going on.
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Old 01-08-08, 05:38 PM
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spend it before they can get it back, pista concept here you come!!!


but seriously I think they are gonna let you keep it
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Old 01-08-08, 05:42 PM
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keep the reciept for the deposit, and there's nothing they can do
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Old 01-08-08, 05:47 PM
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**** ME! It feel out of the pocket of my hoodie on the ride back! If I don't have the receipt they can change it back? Cause I'll retrace my steps for 1100 bucks. Seems like all they'd have to do is find a copy of the original check once they realize their mistake and it's over from there.

Hmm, I suppose the rest could have come from a cash deposit, which might lead them to think that employees are embezzling, not that I came out with some free cash.
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Old 01-08-08, 05:48 PM
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Do the good thing and let them know. They'll figure it out sooner or later, and there's a good chance that teller will get fired over a big slip like that.
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Old 01-08-08, 05:50 PM
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If it's a bank mistake and you spend it, you're committing a felony. Go do a minute of research and you'll know this.
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Old 01-08-08, 05:50 PM
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I'm pretty sure that once the bank figures out their mistake (and they will figure it out - the bank has always figured out mistakes I've made with my account), they're going to take the money back and send you a letter explaining it. That's just my gut feeling. No one's going to give you $1000+ for nothing. If you try and withdraw all the money from your account, you'll probably get in trouble. I would just call them ASAP.
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Old 01-08-08, 05:51 PM
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Originally Posted by crushkilldstroy View Post
Do the good thing and let them know. They'll figure it out sooner or later, and there's a good chance that teller will get fired over a big slip like that.
Yeah, I just had that realization after making the embezzlement connection. Ending up with a few extra bills from the bank wouldn't hurt my conscience much, but if somebody lost their job I'd feel pretty crappy about it.
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Old 01-08-08, 06:01 PM
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I knew someone whose bank screwed up a deposit, and she unknowingly received more money. After spending this said money, the bank finally came back and said, "whoops, we're sorry, we're taking this money now" and left her in the red.

So yeah, even if you play dumb, they're still taking the money back.
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Old 01-08-08, 06:02 PM
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it would be unlawful and yes the bank can make corrections to an error that is simply rubbish to assume that a bank would make a mistake like that and then just let it ride and that some where some how it got passed into law

besides be honest its good karma
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Old 01-08-08, 06:02 PM
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Yeah, you and bonechilling are right. I don't need felonies on my record for something silly and morally questionable. Though I'm sure you guys can understand that initial "WOAH FREE MONEY!" response I had to the situation.

Thanks for all of your info.
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Old 01-08-08, 06:03 PM
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way true. They will just take the money.
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Old 01-08-08, 06:11 PM
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OK, so this keeps getting weirder and weirder. I just realized that the bank actually didn't make a mistake - I was looking at my earnings statement to figure out exactly how much the bank messed up by so I could report it to them, I realized that there had been two checks, and the one that I thought I cashed was still in the envelope. In my bank-induced haste (place makes me uncomfortable and I was all covered in mud and stuff from my bike) I had grabbed a second check I didn't realize was there, which was for the amount that they deposited to my account. Still not sure what this one was for - maybe tax returns because it says 'Other' on the earnings statement, but I'm sure after a call to the office in the morning this will all be straightened out.

So really this was probably all just a big stupid way for me to get excited about money I had coming to me anyways that I'd forgotten about. Maybe I'll be getting that bike after all.



TLDR: end the thread, I'm an idiot.

Last edited by curiousincident; 01-08-08 at 06:20 PM.
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Old 01-08-08, 06:17 PM
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Originally Posted by curiousincident View Post
Though I'm sure you guys can understand that initial "WOAH FREE MONEY!" response I had to the situation.
I've had a couple of moments like that too. Doing the right thing tends to work out better for everyone though.

EDIT:
Originally Posted by curiousincident View Post
So really this was probably all just a big stupid way for me to get excited about money I had coming to me anyways that I'd forgotten about. Maybe I'll be getting that bike after all.
Sweet, even better! You decided to do the right thing AND got the $$$!
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Old 01-08-08, 06:21 PM
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Originally Posted by kemmer View Post
Sweet, even better! You decided to do the right thing AND got the $$$!
Karma sure works quickly these days!

Edit: To be honest though, I feel guilty that I didn't arrive at that conclusion quicker, but hey - I think I have a Bible around here somewhere, anybody know which chapter the temptation of Christ is in? That'll make me feel better.
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Old 01-08-08, 06:56 PM
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i worked at another location for the restaurant i work for and when they did my payroll info (they do it separately for different locations) they entered my rate at $100/hr so for working two days i got like a $1300 paycheck. wanted to cash it so bad but they would have taken it back and fired me once they noticed.
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Old 01-08-08, 07:14 PM
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^That's funny. I wouldn't mind looking at my paycheck to see I got a 900% raise!
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Old 01-08-08, 07:46 PM
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Cool, then.

I once found out someone deposited $400ish on my account, I told the bank, and it was actually a ID theft case.
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Old 01-08-08, 08:13 PM
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One book I read had an account of a guy who would receive $200 deposits into his account every couple of weeks for no reason. It went on for years, and all the while he was spending the money. Well, once it stopped, he stopped using that account. Years later he went back to use it again and by then the bank had noticed it and had closed the account. He made a fuss about why they closed it, and when they unearthed the records, they made him pay it all back.

So good work, finding money that's yours is better than finding money that isn't yours. Spread it around, eh? I'm pretty close by.. and I need new tires.
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Old 01-08-08, 08:16 PM
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damn why wont this happen to me.
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Old 01-08-08, 08:23 PM
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Good on ya for doing the right thing.
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Old 01-08-08, 08:26 PM
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Notice on the other hand that if the bank shorts you, you have 60 days to report it and then tough if you don't. Lost a $1000 that way a while back.
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Old 01-09-08, 02:00 AM
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trust me from experience through a friend. even though you figured it out, if this happens in the future, the bank WILL figure it out, and the headache from digging yourself out of it will bite you for months
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Old 01-09-08, 02:00 AM
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banks have made errors on my behalf before, as soon as they find it, they take it back.
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Old 01-09-08, 02:06 AM
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withdraw the cash, close account, deposit money in another bank.

don't spend it for a while.
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