Funds lodged into my bank account

[eirebhoy]

I got a lodgement of €1,800 into my bank account (by cheque because it took a few days to clear) but I haven't a clue what it's for. It looks like a monthly wage but I get paid weekly by my job and the company name comes up on the statement. This just gives a lodgement number on the statement. It's probably a mistake so do I sit and wait or ring the bank?

[joeSoap]

Depends on your conscience boy....:)

[thischarmingman]

I got a lodgement of €1,800 into my bank account (by cheque because it took a few days to clear) but I haven't a clue what it's for. It looks like a monthly wage but I get paid weekly by my job and the company name comes up on the statement. This just gives a lodgement number on the statement. It's probably a mistake so do I sit and wait or ring the bank?

Stag's Head. 15 minutes.

[Macy]

Bertie, is this what your lawyers meant by taking your time to come up with an explaination?

[eirebhoy]

If it's a mistake I'd happily keep the money. If it's likely to get found out either way I'll just ring them. I don't know if it's a coincedence that I was in the bank for a withdrawal the day of the lodgement.

[anto1208]

Id say someone just put the wrong number on the slip. Ring the bank and tell them its the right thing to do. And they normally figure it out anyway and they will take it back off you !!

[osarusan]

Withdraw as much as possible with your bank card, then go straight to the bank and report your card stolen. Doing it while the money's in your pocket would feel extra special I guess.

[eirebhoy]

Good idea. :D But I actually lost my bank card last week which is why I had to go into the bank to withdraw.

[max power]

withdraw all and close the ac:D

[thischarmingman]

"Sisters jailed after spending bank's error."



Two sisters have been given custodial sentences for helping to spend nearly £135,000 which was put into one of their bank accounts by mistake.


http://www.telegraph.co.uk/news/main.jhtml?xml=/news/2008/02/29/nsisters129.xml


:(

[gilberto_eire]

"Sisters jailed after spending bank's error."



http://www.telegraph.co.uk/news/main.jhtml?xml=/news/2008/02/29/nsisters129.xml


:(

In fairness there's a big differance in the figures there to compare. For one he could easily pay it back, i doubt they could and secondly you could easily argue how you didnt even know it was a mistake as it's not a massive sum, i think with £135k it's beyound obvious it was'nt meant for you!.

Personally i'd leave it there for a week or so, have you checked your online statement to see the name of the lodgement

[Pauro 76]

The money was just resting in my account....

[max power]

The money was just resting in my account....

nice one pauro:D

[eirebhoy]

Personally i'd leave it there for a week or so, have you checked your online statement to see the name of the lodgement
Just says "LODGMENT ******".

The exact figure is 1,872 which would be €12 an hour for a 39 hour week and no tax. I'm trying everything to figure out what it is. :D I think I'll just leave it in my account for about a month and then start spending. If I have to pay it back it's an interest free loan.

[John83]

I got a lodgement of €1,800 into my bank account (by cheque because it took a few days to clear) but I haven't a clue what it's for. It looks like a monthly wage but I get paid weekly by my job and the company name comes up on the statement. This just gives a lodgement number on the statement. It's probably a mistake so do I sit and wait or ring the bank?
Ask to see the cheque. The bank should be able to produce a photocopy. It may take a few days.

[Billsthoughts]

When whoever the money was supposed to go to checks for their cash and it isnt there - they will no doubt query with the bank. The bank will check all the reports for that day for the figure and come accross your transaction. Then they will cancel and reverse the transaction and the money will come out of your account. So I wouldnt go spending it.

[Bluebeard]

Damnit - I told my good friend Dr. Fedrick Mobutu Sese-Seko it was a nine not a five over the phone...

[Wolfie]

Damnit - I told my good friend Dr. Fedrick Mobutu Sese-Seko it was a nine not a five over the phone...

How's the Doc keeping these days? He's a character. Just can't seem to get him on the phone of late.

Tell him he's to get back to me about that whole "looking after my life savings" thing.

[max power]

How's the Doc keeping these days? He's a character. Just can't seem to get him on the phone of late.

Tell him he's to get back to me about that whole "looking after my life savings" thing.

I thought i was the one he asked to do that :confused:

[citizenerased]

dont spend it whatever ya do, they will eventually realise an error somewhere and retract it from your account..remember the lad in england when 18 million was lodged in his account by accident, he reported it straight away, if that was me it would be cayman islands all the way!!

[Docboy]

They can, and will, do you for it whenever it comes to light which knowing the banking system will happen soon enough. Wouldn't spend it pal

[anto1208]

It could belong to a little old lady that was donating it to orphans ….orphans with aids

[tetsujin1979]

I used to work in a bank, and one week someone else's wages was deposited to my account, along with my own.
I reported it, and it was all sorted out within a few hours.

[Wangball]

Orphans with AIDS would probably just spend the money on needle drugs

Just whip it all out of your account and think of it as an interest free loan, change your bank account that you get paid into so that can't just whip it back out once you've borrowed their cash

[max power]

I used to work in a bank, and one week someone else's wages was deposited to my account, along with my own.
I reported it, and it was all sorted out within a few hours.

I had a similar problem and my employers wanted me to withdraw the money and give it to the other person. They weren't willing to sort out a thing. I told them the money would stay in my ac until they sorted it out. It took them 3 weeks to get up off their back sides and fix it.......:rolleyes:

[Wangball]

I used to work in Roches Stores when I was in school and they paid me for 2 months after I left, I realized after 3 weeks that it was happening so I left the money in my account for 3 months & didn't touch a penny of it, once the 3 months was up I spent it & partied like it was 1999 (it was 1998).... I say spend it now & to hell with the consequences!

[Bluebeard]

I used to work in Roches Stores when I was in school and they paid me for 2 months after I left, I realized after 3 weeks that it was happening so I left the money in my account for 3 months & didn't touch a penny of it, once the 3 months was up I spent it & partied like it was 1999 (it was 1998).... I say spend it now & to hell with the consequences!

You're due out next month, isn't it wangball?

[oldyouth]

It's not the Banks money, it belongs to somebody who tried to lodge it to their account. You have to assume it belongs to someone worse off than you and they are probably trying, without much success, to prove to the bank that they lodged it. You don't know what impact losing this money might have on them

It's not yours, do the decent thing

[gilberto_eire]

It's not the Banks money, it belongs to somebody who tried to lodge it to their account. You have to assume it belongs to someone worse off than you and they are probably trying, without much success, to prove to the bank that they lodged it. You don't know what impact losing this money might have on them

It's not yours, do the decent thing

Well if that is the case then it will be sorted out by just leaving it there. If it's someone with a few quid then it won't be noticed in time. The likelyhood is that it's someone with a lot of money, the lower the amount, the more likely your situation would be.

One of my friends ex-girlfriends was in a bank down salthill in galway, she saw an envelope full of money(was over a grand in it IIRC) and took it...and spent it STRAIGHT away. Considering they have cameras and she probably used her account at the time i taught it was a formality she was going to get caught. Person much have never inquired the bank about it so!

[Poor Student]

It's a bit of a weird one. The person who originally wrote the cheque will know the serial number of the cheque from the stubs in their book and will be able to find out where the cheque went if they realise it didn't go where it should. As John said, the bank can get a photocopy of the cheque within three working days.

Billsthoughts, a bank can't reverse a transaction cleanly except on the day of the transaction.

[KevB76]

Dont spend it, when the bank inevitably works out where they misplaced somebody elses money, they will get it back of you. If you spend it now you will be €1800 short a few weeks down the line. Can you afford that?

[Wangball]

You're due out next month, isn't it wangball?

Only if I behave myself............

[onceahoop]

There could be someone out there who's missed a loan repayment because of it. How would you feel if the same thing happened to you.

Do the right thing and contact the bank.

[paul_oshea]

the girlfriend just told me ( worked for aib for 4 years ),EB, that they cannot take the money back from your account without your permission, the error is either the banks, or the person themselves, so technically its yours to do what you want to do with it.

[KevB76]

the girlfriend just told me ( worked for aib for 4 years ),EB, that they cannot take the money back from your account without your permission, the error is either the banks, or the person themselves, so technically its yours to do what you want to do with it.

True enough they cant just take it out again without telling you, but that doesnt mean its yours. I imagine the law would be brought down on you if you refused to hand back whats not yours.

[Mr A]

This reminds me of some strange happenings from the days of DTTR, the Harps fanzine. Mr T checked the balance and was amazed to discover that we had about €1500 when we expected there to be very little in it. When he went and got a statement he discovered that not only had a couple of grand been lodged to our account, but someone had being successfully been using the chequebook (and having the cheques honoured) as well! After much confusion we discovered that Mr T's Da had inadvertently been using the cheque/lodgement book for several weeks- it looked pretty much identical to his own and he didn't notice the DTTR on the cheques, and the bank never picked up on the signature.

Which just goes to show.

[oldyouth]

Well if that is the case then it will be sorted out by just leaving it there. If it's someone with a few quid then it won't be noticed in time. The likelyhood is that it's someone with a lot of money, the lower the amount, the more likely your situation would be.

One of my friends ex-girlfriends was in a bank down salthill in galway, she saw an envelope full of money(was over a grand in it IIRC) and took it...and spent it STRAIGHT away. Considering they have cameras and she probably used her account at the time i taught it was a formality she was going to get caught. Person much have never inquired the bank about it so!
The last quote has told me a bit more about the type of person you are. Basically, you are looking to see if there are more people out there with the same morals (and there are) to back you up on what you know you are going to do anyway.
Spend and enjoy. That's what you want to hear isn't it??

[OneRedArmy]

the girlfriend just told me ( worked for aib for 4 years ),EB, that they cannot take the money back from your account without your permission, the error is either the banks, or the person themselves, so technically its yours to do what you want to do with it.Paul you have a terrible habit of providing awful advice as gospel based on hearsay.

The first part of your advice is right, they can't take it out without your permission.

However in no way shape or form is it his "to do what you want to do with it". If you refuse to return it the bank will likely go to court to get it back, it will be noted on your credit rating and you'll likely to told to do your banking elsewhere.

Regardless of what your gf says.......

[Dodge]

the girlfriend just told me ( worked for aib for 4 years ),EB, that they cannot take the money back from your account without your permission, the error is either the banks, or the person themselves, so technically its yours to do what you want to do with it.

I lodged a cheque for €100 into an AIB account and they gave me €1,000 instead

rang me the next day to ask for permission to take it back. i told them I'd already paid it off my CC. They reversed that payment and took the €900 back out. Not much i could argue about is there?

[John83]

This reminds me of some strange happenings from the days of DTTR, the Harps fanzine. Mr T checked the balance and was amazed to discover that we had about €1500 when we expected there to be very little in it. When he went and got a statement he discovered that not only had a couple of grand been lodged to our account, but someone had being successfully been using the chequebook (and having the cheques honoured) as well! After much confusion we discovered that Mr T's Da had inadvertently been using the cheque/lodgement book for several weeks- it looked pretty much identical to his own and he didn't notice the DTTR on the cheques, and the bank never picked up on the signature.

Which just goes to show.
Perhaps a conveniently placed bank teller will confirm or deny this, but I get the impression that signatures on cheques are only really checked when there's a problem.

[paul_oshea]

Paul you have a terrible habit of providing awful advice as gospel based on hearsay.

The first part of your advice is right, they can't take it out without your permission.

However in no way shape or form is it his "to do what you want to do with it". If you refuse to return it the bank will likely go to court to get it back, it will be noted on your credit rating and you'll likely to told to do your banking elsewhere.

Regardless of what your gf says.......

it wasn't hairsay she was sitting across from me along with another former colleague of hers ( and now flatmate ). I would take their word as they have worked there and they were proved right in me getting my money back for fraud ( bank dont care if its less than 3k supposedly ).

From my time with MBNA, nothing like that goes on your credit rating, Experian or the like are not concerned about someone lodging money into your account or you going to court to refuse to repay the banks error.

Finally to say hearsay, what are people going on by what you provide exactly?! Its hearsay too, if you want to be smart about it. So are you saying its a case of my gf v you or something cos thats how petty you have made it sound. Or have you actually had this gone to court for yourself?! If not, and Ill assume not you are basing it on "hearsay"* ;) Anything can be hearsay.

So regardless of what you say or I say, im pretty sure the bank wouldn't bring you to court over this amount of money, its not worth it to be honest. But I'm also sure that they would get the money back off you. Thats not hearsay, thats just what I beleive.
I lodged a cheque for €100 into an AIB account and they gave me €1,000 instead

rang me the next day to ask for permission to take it back. i told them I'd already paid it off my CC. They reversed that payment and took the €900 back out. Not much i could argue about is there?Thats interesting Dodge, maybe ORA was right all along :D

Technically they didnt take it out of your account though.....

[Billsthoughts]

Perhaps a conveniently placed bank teller will confirm or deny this, but I get the impression that signatures on cheques are only really checked when there's a problem.

I signed something differently to the usual way I sign it and it came back queried. Depends on the amounts involved. Again if the money isnt yours then you cant keep it. FACT. If you spend it you will only end up repaying it. Poor Student how long are you actually working in a bank? Thats two threads your passing yourself off as some sort of expert. When you open your account you sign documents which cover the bank in the event of errors.

[Bluebeard]

Joking aside, it actually distresses me to see how many people seem to favour the idea of just keeping it.

Someone somewhere is out of pocket - possibly someone who can afford it, but nonetheless, it is not a "victimless crime". For those folk professing (or protesting) any degree of Christian faith, would you like this to happen to you? For those of us who are not Christians, similarly, how does essentially taking something belonging to another fit in with your own world view?

I dislike banks more than the next man (It was a huge wrench to make me give up the Bank of Sock Drawer a second time on moving to London), but the banks are like the banker at casinos - they don't lose, you don't beat them. If you "get away with it", someone else will end up stumping up, or, as likely as not, everyone will somehow. When interest rates change and banks report poor trading, note that this translates normally into their rate of profit growth decreasing, not their actual profits. And in cases where banks make a lesser profit - not NO profit, never mind a deficit - who gets charged extra for the transactions? Indeed, you could say that taking someone else's money is essentially what the banks do - it doesn't happen if you keep it in the Sock Drawer. Don't give them an excuse, and don't become like them.

[osarusan]

Joking aside, it actually distresses me to see how many people seem to favour the idea of just keeping it.

Someone somewhere is out of pocket - possibly someone who can afford it, but nonetheless, it is not a "victimless crime". For those folk professing (or protesting) any degree of Christian faith, would you like this to happen to you? For those of us who are not Christians, similarly, how does essentially taking something belonging to another fit in with your own world view?

I dislike banks more than the next man (It was a huge wrench to make me give up the Bank of Sock Drawer a second time on moving to London), but the banks are like the banker at casinos - they don't lose, you don't beat them. If you "get away with it", someone else will end up stumping up, or, as likely as not, everyone will somehow. When interest rates change and banks report poor trading, note that this translates normally into their rate of profit growth decreasing, not their actual profits. And in cases where banks make a lesser profit - not NO profit, never mind a deficit - who gets charged extra for the transactions? Indeed, you could say that taking someone else's money is essentially what the banks do - it doesn't happen if you keep it in the Sock Drawer. Don't give them an excuse, and don't become like them.

Either you're the person who mistakenly put the money in Eirebhoy's account, or you're they guy who would have received it.

Possibly both.

[paul_oshea]

haha :D

No im somewhat with BB on this one, to be honest I dont care for a banks error, even if its human error at the end of the day, but the thought that someone made the mistake, the bank can be right feckers and i could see them absolving themselves of any blame in that case. So I would agree with BB here.

[gilberto_eire]

The last quote has told me a bit more about the type of person you are. Basically, you are looking to see if there are more people out there with the same morals (and there are) to back you up on what you know you are going to do anyway.
Spend and enjoy. That's what you want to hear isn't it??

Go away from around me will ya, look at all the posters who said ''just spend it'' and then you pick mine out and have a go!. You don't know me or what i'd do in the situation if it actually arose. As for my friends EX, I most certainly would'nt have taken the envelope with the money in it!!

[Poor Student]

I signed something differently to the usual way I sign it and it came back queried. Depends on the amounts involved. Again if the money isnt yours then you cant keep it. FACT. If you spend it you will only end up repaying it. Poor Student how long are you actually working in a bank? Thats two threads your passing yourself off as some sort of expert. When you open your account you sign documents which cover the bank in the event of errors.

Never passed myself off as an expert. If a day passes since an error transaction then your account will have to be physically debited to correct the error rather than just reversed out. To debit your account you'll have to be notified and your permission sought as happened with Dodge. I honestly don't know what happens if a person refuses but it's not straightforward and easy, particularly if the funds have cleared and have been drawn against.


Perhaps a conveniently placed bank teller will confirm or deny this, but I get the impression that signatures on cheques are only really checked when there's a problem.

True. A branch only holds its own customers' signatures on file. Only if there was some suspicion of fraud or exceptional amount would signature verification be sought.

[oldyouth]

Go away from around me will ya, look at all the posters who said ''just spend it'' and then you pick mine out and have a go!. You don't know me or what i'd do in the situation if it actually arose. As for my friends EX, I most certainly would'nt have taken the envelope with the money in it!!
Apologies gilberto_eire, I mistook you for the original poster eirebhoy. What I said should have been directed to him:o

[gilberto_eire]

Apologies gilberto_eire, I mistook you for the original poster eirebhoy. What I said should have been directed to him:o

Alright sound, no worries:)

[oldyouth]

Alright sound, no worries:)
It's as if we never fell out.

I'll get ya on something else yet though