Money appeared in account from France but not expected
Discussion
The bank have to tell you they have made ancestor and that they would like to take it back and would you be happy.
Move it to another bank account in a different bank ASAP and hold a near zero balance with them.
. Remember how much the bankers are costing us as tax payers you have been lucky bank error in your favour.
Move it to another bank account in a different bank ASAP and hold a near zero balance with them.
. Remember how much the bankers are costing us as tax payers you have been lucky bank error in your favour. randlemarcus said:
For a CFO , Welshbeef doesn't half talk a load of 
.
As said by others, ignore it, and it will disappear. If you are likely to accidentally spend it, talk to your bank. The missing phrase here is "theft".
Move the money if they eventually demand it back transfer it back - its hardly big beer anyway. .As said by others, ignore it, and it will disappear. If you are likely to accidentally spend it, talk to your bank. The missing phrase here is "theft".
Theft -,no chance no bank would ever accuse you of theft instead they would explain their error and request that funds matching that amount be paid back into the account. You honestly think a bank would risk losing a values customer by calling then a theif over sub£150 error on their behalf? Nope - Christ they will give you good will gestures at this sort of levels for cockups
Sure this has been covered before but in a nutshell.......
Keeping any money wrongly credited to your account, could lead to you being charged with ‘Retaining wrongful credit’. The 1968 Theft act defines this as: "A person is guilty of theft if he dishonestly appropriates property belonging to another with the intention of permanently depriving the other of it".
(Borrowed from t'internet)
Keeping any money wrongly credited to your account, could lead to you being charged with ‘Retaining wrongful credit’. The 1968 Theft act defines this as: "A person is guilty of theft if he dishonestly appropriates property belonging to another with the intention of permanently depriving the other of it".
(Borrowed from t'internet)
Butter Face said:
Sure this has been covered before but in a nutshell.......
Keeping any money wrongly credited to your account, could lead to you being charged with ‘Retaining wrongful credit’. The 1968 Theft act defines this as: "A person is guilty of theft if he dishonestly appropriates property belonging to another with the intention of permanently depriving the other of it".
(Borrowed from t'internet)
But your not keeping it - and at this level of value you'd probably not even notice it.Keeping any money wrongly credited to your account, could lead to you being charged with ‘Retaining wrongful credit’. The 1968 Theft act defines this as: "A person is guilty of theft if he dishonestly appropriates property belonging to another with the intention of permanently depriving the other of it".
(Borrowed from t'internet)
Note also this is a different bank paying in so evidently some individual has paid cash in with an error on one or more of the digits.
My BIL made a bank transfer before sub £100 but the funds never arrived turns out he had one or more digits wrong and it proved impossible to find out where it went. The response from the bank was they couldn't give the identity of the other person it went to as it would breach privacy laws. As it turned out it was to another bank so it was then that stated they couldn't give out the informs result as the value was so low he didn't follow it up beyond that and oaid out again.
This is why it's crucially important to get the paying in details correct else consider it lost.
Welshbeef said:
But your not keeping it - and at this level of value you'd probably not even notice it.
If there are no plans to keep it, why bother doing anything with it at all? You're hardly inconveniencing the bank, but it is extra work for you if they ask for the money back... This isn't monopoly - bank error in your favour doesn't really exist.Best to ask your bank what's going on.
DanL said:
If there are no plans to keep it, why bother doing anything with it at all? You're hardly inconveniencing the bank, but it is extra work for you if they ask for the money back... This isn't monopoly - bank error in your favour doesn't really exist.
Best to ask your bank what's going on.
Extra work? A sub 30secind bank transfer??Best to ask your bank what's going on.
Anyway if it happened to me I'd be putting it into my offset mortgage legally save interest and if they ever did ask for it back which could be years down the line then so be it its barely 2 tanks of fuel so not worth getting stressed over.
Now of it were £15 k or even £5k the reason why I'd empty that account up to its overdraft limit. (Free of charge) is that I would think its possibly a scam.
Welshbeef said:
Extra work? A sub 30secind bank transfer??
Anyway if it happened to me I'd be putting it into my offset mortgage legally save interest and if they ever did ask for it back which could be years down the line then so be it its barely 2 tanks of fuel so not worth getting stressed over.
Now of it were £15 k or even £5k the reason why I'd empty that account up to its overdraft limit. (Free of charge) is that I would think its possibly a scam.
But it's £130.Anyway if it happened to me I'd be putting it into my offset mortgage legally save interest and if they ever did ask for it back which could be years down the line then so be it its barely 2 tanks of fuel so not worth getting stressed over.
Now of it were £15 k or even £5k the reason why I'd empty that account up to its overdraft limit. (Free of charge) is that I would think its possibly a scam.
You'd put that into your offset mortgage?
Any activity with that money could be seen as dishonest, whether you 'planned' to keep it it not.
Butter Face said:
But it's £130.
You'd put that into your offset mortgage?
Any activity with that money could be seen as dishonest, whether you 'planned' to keep it it not.
Honestly the amount of people who wouldn't even notice it is high. Given number of transactions and usual value I'd not have a concern. You'd put that into your offset mortgage?
Any activity with that money could be seen as dishonest, whether you 'planned' to keep it it not.
As it turns out all my accounts are linked to the offset so its already in but I was simply stating.
The amount might be insignificant (to most people), but I'd still be giving my bank a call to let them know about the error. It's someone else's money, after all.
Out of interest, what would some of the above posters do if they found a similar amount of cash sticking out of an ATM just after somebody had walked away from it?
Out of interest, what would some of the above posters do if they found a similar amount of cash sticking out of an ATM just after somebody had walked away from it?
Edited by ShortShift811 on Wednesday 9th October 09:38
ShortShift811 said:
The amount might be insignificant (to most people), but I'd still be giving my bank a call to let them know about the error. It's someone else's money, after all.
Out of interest, what would some of the above posters do if they found a similar amount of cash sticking out of an ATM just after somebody had walked away from it?
But its unlikely to be individuals money lost it would be the bank - and as most of UK population have such harsh feelings towards bankers bonuses and bank profits the PPI miss selling the LIBOR scandal etc etc you see what I'm doing here? Out of interest, what would some of the above posters do if they found a similar amount of cash sticking out of an ATM just after somebody had walked away from it?
Edited by ShortShift811 on Wednesday 9th October 09:38
But is just keep quiet and let them come to you. One thing though if unresolved in a financial year you would have to disclose it on your self assessment form as its income and you are due to pay tax on it
Welshbeef you are talking rubbish - If I make a payment to somebody, get the digits wrong and it goes to the wrong person, I have lost that money, not the bank, they've done what I asked. There is a very good chance that an individual will be losing out due to this error.
What you are suggesting is tantamount to theft and marks you out as being a bit of a scummer!
What you are suggesting is tantamount to theft and marks you out as being a bit of a scummer!
Welshbeef said:
and as most of UK population have such harsh feelings towards absolutely no understanding at all of how banks work, because they obediently swallow what they are told by the jealous lefties and the press about bankers bonuses and bank profits the PPI miss selling the LIBOR scandal etc etc
Fixed.Welshbeef, seriously? It's not his money, he should inform the bank and arrange for it to be returned to its rightful owner.
You do understand what theft is, right?
Welshbeef said:
But its unlikely to be individuals money lost it would be the bank - and as most of UK population have such harsh feelings towards bankers bonuses and bank profits the PPI miss selling the LIBOR scandal etc etc you see what I'm doing here?
But is just keep quiet and let them come to you. One thing though if unresolved in a financial year you would have to disclose it on your self assessment form as its income and you are due to pay tax on it
Why wouldnt it be a private individuals money?But is just keep quiet and let them come to you. One thing though if unresolved in a financial year you would have to disclose it on your self assessment form as its income and you are due to pay tax on it
There was a story on watchdog a few weeks ago where a lady made an error when transferring money to her builder for work completed and made a mistake with his bank details. The result was the bank writing to the recipient of her money on several occasions kindly explaining the situation and requesting the funds back as legally they couldnt take them.
The result was that the recipient ignored the letters and kept her money; nice person!!
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