Bank Accidentally Deposited Money

luffyex2010 on 01/12/2017 - 20:26
Last edited 01/12/2017 - 20:28

This is usually an interesting topic to see the ethics of a normal civilian if they are suddenly given a lump sum money out of a sudden.

E.g. of the cases

1) A man received $123m deposited in his account and he called the bank to inform of the amount but only to laughed at by the officer saying "lucky you" Later two weeks a call from the bank to inform of the mistake.

Outcome: Man was honest but was ignored and he did the right thing.

2) A Malaysian Chinese girl (Christine Lee) was deposited 4.6 million into her account and she spent most of it on luxury goods and transferred the money into numerous account (already behaving like a criminal). Police trying to get to her but instead she wanted to leave to her home country Malaysia but got arrested at airport when trying to flee. She pleaded not guilty today and the bank dropped all the charges.

Girl Pleaded not guilty and believe her parents sent her the money (seriously?) other than the bank dropped the case. Obviously her parents had to fork out AU$4.6 million to payback the bank in order to get their daughter back home without the criminal tab on the forehead.

Outcome: Very dishonest until the very end of the trial. Probably to avoid criminal record on her name with parents money.

3) A couple (NZ) got transferred $10 million and flee to China and have spent 6 million but the bank only recover 4 million. He pleaded guilty to seven charges of theft.

Outcome: He is now in jail doing prison time.

4) Sandeep singh shopkeeper in UK got transffered UK$766K and spent some money with transfer some money to India.

Outcome: Admits to the crime, he was sentenced to 12 months.

5) German man Michael H was transferred $400m by accident and he tried to transfer 10 million elsewhere but was claw back by the bank on time (German quality control lol) Wasn't charged, but it was nice to a millionaire but regretted he moved the money.

Outcome: Try to do the crime but was stopped on time but regretted later.

If it happened to me when I was younger and single, my devil conscious would tell me to leave it in the bank and see what happens next but in reality in time the agony of the guilt would be too great for me to comprehend and the brain logic processor would kick in and have me contacting the bank and inform them on the mistake.

However when you live your life a little longer and have a family, my current self would immediately contact the bank as the money was never mine to begin with. Probably because I am happy with my life even though I am not rich and when you have a family it all changes.

Its important to teach our young about truth and honesty other than that what would you do?

or

Feel free to tell the story if you want to keep the money but how would run away with the money and live your life? ^o^

Poll Options expired

  • 41
    I will keep the money and run
  • 324
    I will do nothing until something happens
  • 168
    I will call the bank to get the money return
Financial

Comments

  • El Grande on 03/12/2017 - 00:08
    +1

    So you just transfer the money outside Australia? I am sure other countries have extradition treaties so you will end up back in Australia to face the charges unless you send it overseas straight away and get cash out from the bank and disappear (buying a new name and identity) but you have to be expecting the money in that case. The smart thing to do is just call the bank as there is no chance it will end nicely.

  • dynamike on 03/12/2017 - 00:59
    +1
    1. Transfer to savings account by same bank.
    2. Report it in writing and advise of moving to savings account.
    3. Justify (if challenged) moving money by inconvenience to keep track of daily transactions or accidental overspend.
    4. Obviously return money (probably automatic based on reporting)
    5. Hope you get to keep interest (even if just for a few days).
    • Brendoo on 03/12/2017 - 02:56

      The interest rate on the overdraft (source funds) would be significantly higher than the interest on a savings account. So she would be going backwards by doing that.
      Now if she got lucky with BitCoin it might be a different story :D

      • dynamike on 03/12/2017 - 07:39

        This is the action plan for when you get money transferred into your account. Obviously not a higher credit line.

      • MrTweek on 04/12/2017 - 00:01

        I'd refuse to pay any overdrafts resulting from the banks mistake.
        That would be totally unreasonable.

        There are many reason to not want a huge amount that is not yours in your day to day account, so moving it somewhere else until you know why you what to do with it is a sensible thing to do.
        They can't punish you for that with massive fees.

  • kaleidoscope on 03/12/2017 - 02:15
    +2

    inform the bank of the error and have the problem resolved asap. whats not mine is not for me to use.

  • MorriJ on 03/12/2017 - 03:28

    Take. The. Money.

  • djmm on 03/12/2017 - 07:33

    Should've called up 30 branches to make a booking for 100k withdrawal in cash next day.
    Then next day go to 30 branches and collect 3 mil.

    Then sell the money to Chinese ie. Give them the cash in Australia so that they can buy property and ask them to transfer their yuan from their bank account in China to your bank account in china (or cash).

    Disappear to third world country and live like a king

    • luffyex2010 on 03/12/2017 - 09:15

      Not sure the Chinese government will accept such a low amount and the same goes with Russia for a sum like that.

      Maybe if you have secrets to unlimited energy renewal plans, weapon of mass destruction formula or if you have maybe a few billions in bitcoins they will willingly open their arms. Welcome Comrade you are now part of our family.

      With that little money (not complaining if I have wealth that much ^_^) but I think the North Korean government will definitely welcome you and introduce you to the North Korean VIP harlem but no guarantee if you will live a good life as chances of disappearing is also high lolz.

      • MrTweek on 04/12/2017 - 00:05
        +1

        Many countries sell their citizenship if you have enough money. Some are a lot less than a million.
        Even European union ones, which give you right of residence in 27 countries and possibly even protection from extradition.

        Just need to finish all that paperwork before you got an international arrest warrant :D

  • peterw1 on 03/12/2017 - 09:30
    +1

    send the bank a bill for illegal dumping(doesn't matter if it is fish heads, dog poop or cash, dumping is dumping). then a bill for storage fees till the transaction was reversed and then take them to court for causing suffering and mental anguish.

  • Plug on 03/12/2017 - 09:39
    +2

    I think the money should be returned to its rightful place however any interest earned for the duration of the incorrect deposit should remain.

  • sheebies on 03/12/2017 - 10:55
    +2

    I'd call the bank.

    I would want it out my account ASAP. My moral compass wouldn't allow me to spend money that clearly never belonged to me in the first place.

  • hell0 on 03/12/2017 - 11:38
    +1

    I would suggest putting it all into bitcoin… that way when bitcoin doubles overnight you inform bank who get back their millions and you keep your millions.. everyone happy.

  • JepunK on 03/12/2017 - 12:13
    +1

    Buy Bitcoin and HODL

  • linkii on 03/12/2017 - 13:38

    i think a better call saul moment would be the best case. Find some dodgy lawyer to help you get compensation.

  • saty1296 on 03/12/2017 - 15:47

    It is very easy to get caught. I will give bank a call and will follow up until bank transfers the money back. In my opinion, not worth the hassle. If I were to be a fortunate millionaire, I would have been born in a Royal Family. I believe in my own hard work to earn and save money for all my needs. It is just my own opinion.

  • neosin on 03/12/2017 - 16:02
    +1

    Fly to another country where Aus has no jurisdiction or relations with
    Transfer to overseas acc, withdraw cash
    Distribute to a number of people you can trust
    Go back home
    Spend a few years in jail
    Live the rest of your life in another country like a King

    :D

    • luffyex2010 on 03/12/2017 - 18:18

      Its actually true if you don't mind jail term and blacklist.

      E.g no.3. If he is doing jailtime for 5 years on the 6 million he spent….that is approx. 1.2 million for each year he is jailed. Hmmm I wonder what job pays you 1.2 million a year guess thats only crime lol.

  • Wallyt99 on 03/12/2017 - 22:47

    I'd use the money.

  • Trying2SaveABuck on 03/12/2017 - 23:54

    Anything greater then $12 million would be enough for me to take it and run to Greece or Mexico or Thailand etc somewhere with no extradition.

    • Cluster on 05/12/2017 - 18:01

      Greece is (still) part of the EU.

  • [Deactivated] on 04/12/2017 - 02:06

    Obviously her parents had to fork out AU$4.6 million to payback the bank in order to get their daughter back home without the criminal tab on the forehead.

    Obviously you have no idea what you're talking about.

  • MagicOZ on 04/12/2017 - 02:35

    "I will do nothing until something happens" , that is best case scenario if you actually want to keep those money. Bank never realize the mistake, you keep it quiet until 1-2 years pass and you transfer then to the Bahamas. But what if those money turn to be donation for some child support organisation and nobody know when those money go exsept you? -Do you keep them anyway?

    What is those money are Mexican drug boss dirty money, do you keep them? Are you going to be scared if you keep them?
    (Sorry for my bad english , you like to make fun of me when I post here sometime )

  • Gorodemon on 04/12/2017 - 08:55
    +1

    Once you realise that you have the money, make a trip to one of those tax-heaven countries in The Bahamas - British Virgin Island, Cayman Island, etc.
    Talk to a good fund or bank managers, preferably the ones who have experience handling the cartels money and ask for their advice how to transfer the money out of Australia without you being caught.

    I'm sure they would give you a better advice than what you can think of in order to keep the money, provided you give them a commission.

    • lostn on 04/12/2017 - 10:01

      Didn't the recent scandal lead to a crackdown on tax havens?

      Btw, not many realise this but the biggest tax haven is the good ol' US of A. It's just not a tax haven to its own citizens. But it is to international rich people putting money there. They expect other countries to comply with their needs so they can track down US tax evaders. But they don't extend the same courtesies to other countries trying to track tax evaders using the US as a haven.

  • Gauntlet on 04/12/2017 - 09:33
    1. Report card stolen
    2. Buy a shit load of bitcoin and put it through the marketplace
    3. Sit on for ten years
  • mavis30551 on 04/12/2017 - 09:38

    change all loans to interest only.

    Pay all off them off except for $1, dont pay any interest until they want the money back

    • lostn on 04/12/2017 - 10:00

      Why the $1? Can you elaborate?

      • mavis30551 on 04/12/2017 - 10:55

        Redraw i guess, last time i payed off a loan it disappeared.

  • lostn on 04/12/2017 - 09:59
    +2

    They'll eventually discover it and take it back. It's not going to be free money.

    Even if they don't. Do the right thing. It's not worth the guilt and fear you have to live with for the rest of your life. Any time the phone rings or you get a letter from the bank or even a letter that doesn't indicate on the envelope who the sender is, you're going to panic. "What if it's them?"

    Life's not worth living that way. You won't even be able to enjoy your new fortune in happiness if you have to keep worrying about the money you got by mistake 10, 20 years ago. I don't want to live life on the run or have to keep looking over my shoulder.

    If you have no moral scruples or feel any guilt, then by all means, see where the ride takes you. You don't seem to be that kind of person though.

  • Tuftsdude on 04/12/2017 - 17:26

    I have never taken anything not mine or if I'm unsure of it. The only 2 or 3 times I actually picked up the money I found on the ground I put it in the charity box at home, when I was a kid. So I'd call the bank immediately and return it.

  • niko123 on 04/12/2017 - 19:22

    ive had 33K deposited by accident once,they took it back 3 days later,but ive always wondered if I could have withdrawn it all & closed the account….

  • freakatronic on 04/12/2017 - 20:52

    I would leave the country immediately, for a country that has no extradition treaties with Australia, the UK, or the US. Then hire someone to begin making withdrawals that are below any sort of bank warning, as many times as possible throughout the day. They could western union it to me after they had their cut. Pretty sure I could run my scam for a good while.

  • poppit88 on 04/12/2017 - 23:59

    It's actually a criminal offence and it's called, 'theft by finding' under the criminal code.

    I haven't followed the NSW court case, so I can't comment further and I actually don't know what legislation they prosecuted under.

    In any event, I think it's pretty sad that anyone would risk their future employment prospects and reputation for money.

    It's a brave new world and this type of activity, is going to cast a shadow over your life forever, literally. Your historical antics are on the internet for eternity for all the world to see!

  • treeman on 05/12/2017 - 10:00

    Where is the option I will keep the money earn the interest and wait until the bank contacts me. Then give money back but keep interest.

    • luffyex2010 on 05/12/2017 - 12:17

      Thats under I will do nothing until something happens. :)

  • Cluster on 05/12/2017 - 18:00

    I would put the whole amount on black. Wesley Snipes cannot be wrong.

  • [Deactivated] on 07/12/2017 - 23:36
    -1

    I would keep the money and move overseas.

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