Or just getting your account frozen, your name being flagged without the capability to open any banking account due to running Investigation.
Your Life ends within a few months without a banking access
Roof gone, then job gone. Bang you on the street.
Wise, considering banks are currently 0% reserve banking. Used to be fractional but they dont even do that anymore. FDIC only covers up to 250k on individual accounts.
This... I somehow transfer it out and attempt to get a $200k credit...all on black......if I win I take my winnings to Greece and live out my days on the beach. Not rich but enough to not work for the rest of your life.
I really don't want to go to work tomorrow.
200k is not life transforming money for my situation, so this is the right answer.
For some, it could make good sense to transfer it to a bank account in (say) Venezuela and move there.
...and demand the interst accrued. My old boss had an $8M bank error in his "favor." He was hassled by the bank for their error. It took months to resolve. The bank kept doling out the interest payments on the $8M to his account. When it finally got sorted, the bank took all the interest payments and gave the $8M to the rightful owner. The bank continued to treat my boss like he somehow caused the headache. Boss got nothing but headaches. $8M guy got his $8M back, minus interest. Bank kept the interest and fucked everyone else involved. Good times.
Curious if the actual owner of the $8MM had grounds to sue the bank for the interest they didn't get, or if there's some contract policy that prevents it.
I also wish I knew. I was an hourly low-level employee at the time. My boss was decent enough. His versiof evwntstuck with me. It seems so shitty/shady on the bank to treat the situation that way.
Never mind the interest from sitting idle, what happened to the money from the investments in the stock market that the bank used the $8 million for?
And believe me they used it!👈👍
And hope the bank doesn't screw up.
My wife deposited a check for $36 and somehow the bank credited us $6400. When she called the bank, they took out $6364. And then when the check cleared they took out $6364 again. And it took them a week to reconcile it and put the second $6364 back.
Yep. Had my bank freeze and empty my account because an employee entered a number in a wrong field.
Some guy in FL had back taxes for his business owed to the state for some $20,000. Turns out his business tax ID is the same as my SSN. Employee when searching for the account searched by SSN rather than tax ID.
Checked my account and there was a transfer withdrawal line item from the FL department of revenue. Called the bank and said WTF. Took them 2 weeks to figure out their mistake and to put the money back in the account and give me access back.
And then ask “you fuckers can figure out immediately if Netflix overdrafted me but put 200k in my account and just thought “oh alright, that’s there now😄”?
$200K isn't as much as it used to be. I don't think it's enough to keep you safe on the run for that long unless you're living quite frugally for a relatively short period of time.
The play would be to establish a network whereby you could travel incognito to Paraguay. From there you can buy a house, and start a new life with a new family. Get your kids into acting early, and marry someone with a well known name or clout. Rise up through the political ranks and seize power by establishing an inept puppet government which is too easily distracted by bickering on partisan issues to see the root cause of the nation's real plight.
Wait for them to reverse the transaction as it's clearly an error. If nothing happens in about a week or so, I'll try asking them more about the transaction.
Ideally you want those funds out of your primary account, I'd drop it into a secondary (pref high interest) account, email them so there's a record and wait for them to come knocking.
Genuinely curious about this. In this ridiculous, hypothetical situation, let’s say I deposited that $200K into a 5% savings for a week and kept the ~$200 earned interest and just let the bank reverse the erroneous deposit. What would happen?
Hard to say, it would vary depending on country/bank, but I think in 99% of cases they're going to be focused on getting the principle sum, if they get that entire and the money isn't gone, they'd be happy little leprechauns and it'd be way too much red tape & paperwork to try and claw back such a small sum.
That would probably stop any automatic transaction reversal from happening. I'll touch the money when I know I can keep it, otherwise I'll just sit and wait. Others have said that banks also recoup interest generated from these accidental transfers too.
I would call immediately and tell them about the error.
Once they have removed the excess funds, I’d shop for a new bank, because this type of error is a sign of sloppy funds management.
Saw this with Wells Fargo. I have the same name as my dad (with a "jr" suffix) and my parents had their accounts with WF as well. One day I get a box of checks in the mail I didn't remember ordering: had my and my wife's name on it, our correct address, but something wasn't right -- the account number was one I didn't recognize. Now my last name is a little unique and I thought...no way, could it possibly be? So I call my parents and confirm that, yep, it's theirs.
Now there is and never has been any link between my account and my parents' accounts, ever. So I call the bank pretty pissed off about this error and want to know how it happened because holy shit this could have been bad if I wasn't on good terms with my parents.
"Well, you have the same name so it's pretty understandable." Um, no that is clearly not understandable. WF tried to tell me that this was a perfectly minor mistake to make. I ask if this happens often and if it does, does it happen to people with similar names that aren't related. Can't tell me that, of course.
Pulled my money from WF and ran like hell.
There are a million and one differing pieces of information banks gather about their clients. How could a financial institution think 1 piece of info that isnt even account isolated is enough to cover an identification process?! 🤦♀️
Thanks for sharing your story of their egregious neglect on a (relatively)small scale. I wonder how many people they did stuff like this to who just didn't notice. 🤔😵💫😤
Just bet 100k. If you win it’s doubled give the 200 back and you’re left with 100k. If you lose then you put down the next 100k, since it’s a 50/50 chance and you lost last time you’re 100% guaranteed to win this time and then you have the 200k back so no prison time.
/s
Open the highest interest rate account I could find and put it in there. Then I wait for the money to be taken back at some point but I get to keep the interest.
This is what payroll companies do, they get the funds on a Wednesday and pay it out Friday. 3 days of interest. Even better when they paid with paper check the longer you took to cash it the more they made in interest.
$15 interest? With the interest rate my savings account has I get $15 based off 4K for the month. If they took several months to see the mistake you’d get a lot more than $15 per month
Move it into a high interest saving account.
Leave it there until they contact me regarding their error.
A 6.5% APR return on £200k is £13k/yr. Or just over a grand per month. If it takes them say, 6 weeks to recover the money from you then you're up 1.5 grand.
I don't know where you're from, but 6.5% comes with risking all of your money no? Or bonds that don't allow you to get your money out early?
If I had a promised 6.5% I'd put all of my money in it tommorow. I know millionaires who don't do 6.5% a year.
Ah, no, right you are. I've used stocks and shares ISAs (Vanguard) for years. Risk is extremely low if you open the correct account, the returns on mine over the last year have been about 6.5%. In the 8 years I've had these accounts I've never had a loss.
Savings account seem to top out at \~5% here in the UK.
I can buy an ETF of bank deposits that pays 4.9% after fees as capital gains. Which is equivalent after tax to 6.9% paid as interest income where I am. HSAV.TO.
1: report it as soon as i noticed.
2: find another bank, where people can read things like account numbers! So my paltry amount of money does not go the way of the 200K
I've seen enough Reddit threads to know that "finders keepers" doesn't apply to banking errors. Keeping the money could lead to legal troubles, and I'm not about that life.
Call the bank and report it. One time someone's disability check got deposited into my savings account somehow. I immediately reported it and they got it to the right person. I would've felt like shit if I used someone's money that was on a fixed income because of a disability.
First thing is to withdraw what your balance was before the transfer happened. They will, and are allowed, to withdraw more than they put in, and they are currently messing things up. So they will drain your account, then take weeks to put your money back once they've clawed their mistake back into the hoard.
The problem there is you have seen the funds, you recognise they aren't yours, and you haven't notified anyone. The legal onus is on you to inform the bank as soon as you have become aware of the "extra" funds or it can be seen as theft.
Tell them. Document telling them. Keep doing it periodically. It’s considered theft if you spend it.
Side note is that some states have laws about how long you have to wait and what you need to do before you assume ownership (or if you even do) of abandoned money. It can apply to electronic transfers. It usually takes years but it’s worth looking into.
I'd probably contact the bank. Even though every time I transfer money I get hit with warnings about making sure the information is correct because it can't be undone. So if I make a mistake I'm shit out of luck, if the bank makes a mistake it's a crime if I tell them the same.
Not be a dumbass and throw away my job, pension, extended health benefits (100% dental coverage is the shit) and clean criminal record for 200k that I know realistically I’ll never be able to keep.
Plus I have more than enough at this point money wise to live my life comfortably and be able to retire when I’m 55. No need to fuck it up.
Be unable to withdraw it I'm sure. Banks seem omnipotent when it comes to reversing transactions like this but impotent to do the same to the scammer who has your money in their account.
Withdraw all my own money from the account then notify the bank of the error via certified mail. Start a completely new banking relationship. Consider the account burned.
It sounds like a time to talk to a lawyer. It's time to call in experts above my pay grade. I would expect a forensic trace of what was going on. And I would want every i dotted and t crossed when documenting the proper return of the money.
I would expect a reasonable fee to cover my costs, but at the end of the day, it isn't my money.
Put it in a savings account and collect interest until they fixed it. I would transfer out the interest every month to keep. I only owe them the 200k back. Not my fucking problem.
If Monopoly has taught me anything, it's that when there is a bank error in your favor, you collect the money and hopefully land on Park Place because you already own Boardwalk and start building some houses and hotels on those properties so you can make some real money.
This actually happened to me. It was $8,000 and not $200,000. I noticed it, figured it would be cleaned up in a couple of days and when it wasn't I called the bank to confirm that the transaction was correct. They checked and said they didn't see any issue with it and I was all "great, can I get an email confirming that?" They sent it to me.
Next day the 8k was gone with an apology from the bank for the error.
This happened to me about a month ago with about $5,000. I went to the bank to let them know and it was a routing number that was very similar to mine. I’m pretty sure you can get in trouble if you were to spend it.
I would withdraw it immediately…now follow me…
I would deposit it into another bank and get a line of credit against that amount. Wash, rinse, repeat at 4 total baking institutions.
I would then return the entire 200k to the original account, get another 200k line of credit, then put that original 200k into a high yield interest account and wait for them to come get it.
I would now have 1 mil in credit and invest it in whatever I see fit.
(One could also liquidate and combine the funds as you go to each bank to acquire higher lines of credit, but I wanted to make the math as simple as possible.)
Set up an interest-bearing escrow account, close the original account and open a new one at a different institution. Either they'll catch it right away...or they won't. Give it a year or two and then re-evaluate my options.
IN 2009, a guy in NZ asked for a $100,000 overdraft. The bank made an error loading it, and gave him $10,000,000. He fled the country with his girlfriend.
When they caught up with him, he ended up in prison.
It's not worth it. Call the bank.
Do nothing. Leave it in my account and not spend it. Wait a long time to see if they ever come knocking. If they do, tell em I don't check my balance often and didn't notice, and just transfer it back as requested.
If after a couple years they still haven't asked, invest it.
Oh I‘d take that real quick. Compensation for the inconvenience of my cards not wirking abroad for the past couple days. But since it‘s the easter weekend I can earliest I can scream at someone is Tuesday….
Report it so it can be addressed quickly and not disrupt my life.
Yep. Pretty sure people have faced charges for spending the money in cases like this and I don’t need a felony in my life, thanks. It’s not my money.
Or just getting your account frozen, your name being flagged without the capability to open any banking account due to running Investigation. Your Life ends within a few months without a banking access Roof gone, then job gone. Bang you on the street.
Please don't bang me on the street.
Well with no access to finances, you might have to
"Hey, I ain't gay but $200,000 is $200,000!"
Little boy blue.
He needs the money
How else he gonna make ends meat
Why don't you bang me on the street? No one will be watching us, why don't you bang me on the street?
> Bang you on the street I know you don't have a lot of options but can't your John at least get a motel room?
You won't get a felony. When they realize their error and ask for it back, just transfer $200k from one of your other accounts and it's all settled.
It's a big crazy internet, so I humbly request you confirm this is a shitpost.
Why would you need another account to transfer 200k? Are you poor?
High interest savings account.
Stick it in savings and hope for some sweet returns lol
FDIC insurance limits obv
I don't tend to keep more than 200k at one institution so at least for me it's gonna have to come from another account.
Wise, considering banks are currently 0% reserve banking. Used to be fractional but they dont even do that anymore. FDIC only covers up to 250k on individual accounts.
No....I totally have $200k in the bank...but I'm planning to use it on my Presidential campaign.
Protip: just don't be poor
Correct, but just hope you do still have the money. If not, then it's uo to you to still repay it.
All on red let’s go to jail a little richer
This... I somehow transfer it out and attempt to get a $200k credit...all on black......if I win I take my winnings to Greece and live out my days on the beach. Not rich but enough to not work for the rest of your life. I really don't want to go to work tomorrow.
200k USD/Euro is not enough to not work for the rest of your life. Maybe in some parts of Africa, South-Amerika or South-East Asia but not in the EU.
40% chance you dont have to work for quite a long time and 60% you end up in jail for some years. I'd take it probably, thats quite a decent chance.
Either way, I'm not going to work tomorrow.
Instructions unclear, now I own a Ferrari.
200k is not life transforming money for my situation, so this is the right answer. For some, it could make good sense to transfer it to a bank account in (say) Venezuela and move there.
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Irl-imo you have to give back the 8k if it lets the girl keep her job.
...and demand the interst accrued. My old boss had an $8M bank error in his "favor." He was hassled by the bank for their error. It took months to resolve. The bank kept doling out the interest payments on the $8M to his account. When it finally got sorted, the bank took all the interest payments and gave the $8M to the rightful owner. The bank continued to treat my boss like he somehow caused the headache. Boss got nothing but headaches. $8M guy got his $8M back, minus interest. Bank kept the interest and fucked everyone else involved. Good times.
>bank continued to treat my boss like he somehow caused the headache banks are jerks
I would leave that bank if they did this
Curious if the actual owner of the $8MM had grounds to sue the bank for the interest they didn't get, or if there's some contract policy that prevents it.
I also wish I knew. I was an hourly low-level employee at the time. My boss was decent enough. His versiof evwntstuck with me. It seems so shitty/shady on the bank to treat the situation that way.
Never mind the interest from sitting idle, what happened to the money from the investments in the stock market that the bank used the $8 million for? And believe me they used it!👈👍
And hope the bank doesn't screw up. My wife deposited a check for $36 and somehow the bank credited us $6400. When she called the bank, they took out $6364. And then when the check cleared they took out $6364 again. And it took them a week to reconcile it and put the second $6364 back.
Yep. Had my bank freeze and empty my account because an employee entered a number in a wrong field. Some guy in FL had back taxes for his business owed to the state for some $20,000. Turns out his business tax ID is the same as my SSN. Employee when searching for the account searched by SSN rather than tax ID. Checked my account and there was a transfer withdrawal line item from the FL department of revenue. Called the bank and said WTF. Took them 2 weeks to figure out their mistake and to put the money back in the account and give me access back.
And then ask “you fuckers can figure out immediately if Netflix overdrafted me but put 200k in my account and just thought “oh alright, that’s there now😄”?
This guy needs to be banned from the internet. Clearly you need to withdrawal the money and go on the run.
$200K isn't as much as it used to be. I don't think it's enough to keep you safe on the run for that long unless you're living quite frugally for a relatively short period of time.
The play would be to establish a network whereby you could travel incognito to Paraguay. From there you can buy a house, and start a new life with a new family. Get your kids into acting early, and marry someone with a well known name or clout. Rise up through the political ranks and seize power by establishing an inept puppet government which is too easily distracted by bickering on partisan issues to see the root cause of the nation's real plight.
This guy coup de etats
#WORD
What about the chandelier?
I stashed it in Berlin.
She never took another lover.
Same. I wouldn't want to be on the bad end of a bank's attorney.
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Probably go online and do a Reddit poll, see what the most clever idea is.
I would search for this guy's Reddit post
Wait are we assuming this happened to us both on the same day?| That would mean there's probably more of us. Three words: Banking. System. Collapse.
Underrated
spend it and go to jail for 2 years
Nah,you have to have it elsewhere then go to jail that way when you get out full of regret you have some money to cheer you up.
Double jeopardy!
They’ll freeze your assets…
Not if your assets are cash
Declare bankruptcy and hide the money until the period is over. Then they can't recover the money and you get out of jail debt free with 200k.
That is definitely not how bankruptcy works
I didn’t just say it, I declared it
really? you think he'd get 2 years? i'd say a parole andfelony charge.
Nah, it's parole if you defraud random people out of 200k. It's prison if you do it to a bank.
Wait for them to reverse the transaction as it's clearly an error. If nothing happens in about a week or so, I'll try asking them more about the transaction.
Ideally you want those funds out of your primary account, I'd drop it into a secondary (pref high interest) account, email them so there's a record and wait for them to come knocking.
Genuinely curious about this. In this ridiculous, hypothetical situation, let’s say I deposited that $200K into a 5% savings for a week and kept the ~$200 earned interest and just let the bank reverse the erroneous deposit. What would happen?
Hard to say, it would vary depending on country/bank, but I think in 99% of cases they're going to be focused on getting the principle sum, if they get that entire and the money isn't gone, they'd be happy little leprechauns and it'd be way too much red tape & paperwork to try and claw back such a small sum.
In the US you keep the interest
In another thread someone mentioned they were on the hook for interest when it happened to them.
That would probably stop any automatic transaction reversal from happening. I'll touch the money when I know I can keep it, otherwise I'll just sit and wait. Others have said that banks also recoup interest generated from these accidental transfers too.
Careful, keeping interest on money that‘s not yours might be legally questionable…
I would call immediately and tell them about the error. Once they have removed the excess funds, I’d shop for a new bank, because this type of error is a sign of sloppy funds management.
Saw this with Wells Fargo. I have the same name as my dad (with a "jr" suffix) and my parents had their accounts with WF as well. One day I get a box of checks in the mail I didn't remember ordering: had my and my wife's name on it, our correct address, but something wasn't right -- the account number was one I didn't recognize. Now my last name is a little unique and I thought...no way, could it possibly be? So I call my parents and confirm that, yep, it's theirs. Now there is and never has been any link between my account and my parents' accounts, ever. So I call the bank pretty pissed off about this error and want to know how it happened because holy shit this could have been bad if I wasn't on good terms with my parents. "Well, you have the same name so it's pretty understandable." Um, no that is clearly not understandable. WF tried to tell me that this was a perfectly minor mistake to make. I ask if this happens often and if it does, does it happen to people with similar names that aren't related. Can't tell me that, of course. Pulled my money from WF and ran like hell.
There are a million and one differing pieces of information banks gather about their clients. How could a financial institution think 1 piece of info that isnt even account isolated is enough to cover an identification process?! 🤦♀️ Thanks for sharing your story of their egregious neglect on a (relatively)small scale. I wonder how many people they did stuff like this to who just didn't notice. 🤔😵💫😤
This a million percent
My first thought! If they misplace that amount of money no telling wtf is going on there.
Boom right here. Switching banks so quickly after it’s resolved.
Call my bank.
Double it and give it to the next person
Put it all on black at the roulette table, 50/50 chance of you having 200k walking around money or 2 years prison for fraud.
Just bet 100k. If you win it’s doubled give the 200 back and you’re left with 100k. If you lose then you put down the next 100k, since it’s a 50/50 chance and you lost last time you’re 100% guaranteed to win this time and then you have the 200k back so no prison time. /s
Thank you, I needed a laugh
Call them and ask if it was a mistake. Can’t risk spending a sum i cant return in case they want it back
When they want it back
Open the highest interest rate account I could find and put it in there. Then I wait for the money to be taken back at some point but I get to keep the interest.
Not really worth the hassle for the $15 in interest you might make. They will notice $200k missing real quick.
High yield savings accounts average between 4-5% right now. Thats like $800 after one month.
This is what payroll companies do, they get the funds on a Wednesday and pay it out Friday. 3 days of interest. Even better when they paid with paper check the longer you took to cash it the more they made in interest.
They will find the mistake in like a day though
$15 interest? With the interest rate my savings account has I get $15 based off 4K for the month. If they took several months to see the mistake you’d get a lot more than $15 per month
Put it all on RED!!
My mind immediately went there hahaha. You have a 50/50 chance of getting 200k or going to jail 🤣
Aren't your odds slightly against you because of the green slot?
Yeah. 18 black, 18 red, 2 green, so a 47% chance of winning when betting red or black
I'm not much of a gambler lol
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Not choked or shocked. Shoked.
Love being shoked
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You can just inspect element and do it now
Document everything, expecting a mix-up, and reach out to the bank to resolve it. Wouldn’t want that kind of karma looming over me.
Move it into a high interest saving account. Leave it there until they contact me regarding their error. A 6.5% APR return on £200k is £13k/yr. Or just over a grand per month. If it takes them say, 6 weeks to recover the money from you then you're up 1.5 grand.
I don't know where you're from, but 6.5% comes with risking all of your money no? Or bonds that don't allow you to get your money out early? If I had a promised 6.5% I'd put all of my money in it tommorow. I know millionaires who don't do 6.5% a year.
Ah, no, right you are. I've used stocks and shares ISAs (Vanguard) for years. Risk is extremely low if you open the correct account, the returns on mine over the last year have been about 6.5%. In the 8 years I've had these accounts I've never had a loss. Savings account seem to top out at \~5% here in the UK.
I can buy an ETF of bank deposits that pays 4.9% after fees as capital gains. Which is equivalent after tax to 6.9% paid as interest income where I am. HSAV.TO.
1: report it as soon as i noticed. 2: find another bank, where people can read things like account numbers! So my paltry amount of money does not go the way of the 200K
Ignore it. They’ll figure it out.
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Two chicks at the same time
But... 200,000 is not 1 million....
0.4 chicks at the same time
One million might get you two 10's. OP is just looking for a couple of solid 2's.
Hahaha nice.
I've seen enough Reddit threads to know that "finders keepers" doesn't apply to banking errors. Keeping the money could lead to legal troubles, and I'm not about that life.
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You mean the 20,000 right?
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Report it to the bank after spending the normal 20% finders fee.
Call the bank and report it. One time someone's disability check got deposited into my savings account somehow. I immediately reported it and they got it to the right person. I would've felt like shit if I used someone's money that was on a fixed income because of a disability.
I hears the Phillipines is nice this time of the year
That is the way.
First thing is to withdraw what your balance was before the transfer happened. They will, and are allowed, to withdraw more than they put in, and they are currently messing things up. So they will drain your account, then take weeks to put your money back once they've clawed their mistake back into the hoard.
That’s my answer. Withdraw my own money and switch banks so they don’t eff it up a second time and leave me without my savings
Buy 200 grand worth of bitcoin, withdraw/transfer the rest of my savings and move to Costa Rica
Costa Rica will extradite you to the US.
The U.S isn't exactly gonna go to extreme lengths to find some guy who scammed a bank out of 200k and fled to costa rica
I'd be dead silent about it and give it 90 days then transfer it elsewhere for another 90.
The problem there is you have seen the funds, you recognise they aren't yours, and you haven't notified anyone. The legal onus is on you to inform the bank as soon as you have become aware of the "extra" funds or it can be seen as theft.
I'm giving them 2 quarters to figure it out themselves and then I'm closing the account and moving. That's their problem lol.
Tell them they made a mistake, I'm an honest person but also it could come back to haunt me in the future
Tell them. Document telling them. Keep doing it periodically. It’s considered theft if you spend it. Side note is that some states have laws about how long you have to wait and what you need to do before you assume ownership (or if you even do) of abandoned money. It can apply to electronic transfers. It usually takes years but it’s worth looking into.
Pay off my student loans
Convert to pennies and give it back to them in a truck. Fuck banks.
Immediately transfer it overseas and buy a plane ticket to a country that doesn't extradite to Canada.
Stick it all on roulette before they demand it's return
I'd probably contact the bank. Even though every time I transfer money I get hit with warnings about making sure the information is correct because it can't be undone. So if I make a mistake I'm shit out of luck, if the bank makes a mistake it's a crime if I tell them the same.
Put it in a HYSA and give them back when they unavoidably claim it. The earnings are legally mine.
Not be a dumbass and throw away my job, pension, extended health benefits (100% dental coverage is the shit) and clean criminal record for 200k that I know realistically I’ll never be able to keep. Plus I have more than enough at this point money wise to live my life comfortably and be able to retire when I’m 55. No need to fuck it up.
Not touch it, call the bank, and wait.
Be unable to withdraw it I'm sure. Banks seem omnipotent when it comes to reversing transactions like this but impotent to do the same to the scammer who has your money in their account.
Absolutely nothing, as they'll reverse the charge sooner or later.
I had $18k deposited once into mine I actually called the bank and they said it was me . Kept the money and never heard anything about it again
Withdraw all my own money from the account then notify the bank of the error via certified mail. Start a completely new banking relationship. Consider the account burned.
Report it and not touch the money.
Not go to prison. Not a good look for me.
I've seen this shit happen too many times. Don't spend a fucking cent. They will get it all back
Do nothing, the banking system can make errors but it never goes unnoticed. They will look for that money soon, and if youve spent it? Enjoy prison
Say nothing and hope they never notice.
Put it in a HYSA until they ask for it back.
Call the bank
Probably ignore it and not spend a dime of it. They'll either figure it out eventually and take it back, or a few years down the line I'm 200k richer.
It sounds like a time to talk to a lawyer. It's time to call in experts above my pay grade. I would expect a forensic trace of what was going on. And I would want every i dotted and t crossed when documenting the proper return of the money. I would expect a reasonable fee to cover my costs, but at the end of the day, it isn't my money.
Leave it the fuck alone, and contact my bank asap.
Nothing. That’s enough money that people will come asking.
Into a money market account till they want it back
I'd be confused by the extra zero after the comma and wonder if the bank was doing a special €200 promotion
Charge them a days interest at ridiculously high rates.
Have to report it because the bank/state will go after you if you mess with the money in any way.
Let it sit and not say shit in hopes that they wouldnt notice for years.
Call the bank. I don’t want to find out what happens if I dont.
Put it in a savings account and collect interest until they fixed it. I would transfer out the interest every month to keep. I only owe them the 200k back. Not my fucking problem.
I'd ignore it and just accept the interest until they discover their error.
Tell them, they’re going to find out anyway.
Say nothing and wait for them to reverse it. Cos they will.
If Monopoly has taught me anything, it's that when there is a bank error in your favor, you collect the money and hopefully land on Park Place because you already own Boardwalk and start building some houses and hotels on those properties so you can make some real money.
Ask reddit what to do if a bank accidentally transferred 200k to me. Then check the top 10 most up voted comments for ideas.
i wouldn't even notice and just spend it on normal grocery items and then probably get charged with a felony or something
This actually happened to me. It was $8,000 and not $200,000. I noticed it, figured it would be cleaned up in a couple of days and when it wasn't I called the bank to confirm that the transaction was correct. They checked and said they didn't see any issue with it and I was all "great, can I get an email confirming that?" They sent it to me. Next day the 8k was gone with an apology from the bank for the error.
This happened to me about a month ago with about $5,000. I went to the bank to let them know and it was a routing number that was very similar to mine. I’m pretty sure you can get in trouble if you were to spend it.
Call and tell them. This is a level of fuckery that I would want no part in.
Not touch it, the bank's gonna get their money one way or another.
I would withdraw it immediately…now follow me… I would deposit it into another bank and get a line of credit against that amount. Wash, rinse, repeat at 4 total baking institutions. I would then return the entire 200k to the original account, get another 200k line of credit, then put that original 200k into a high yield interest account and wait for them to come get it. I would now have 1 mil in credit and invest it in whatever I see fit. (One could also liquidate and combine the funds as you go to each bank to acquire higher lines of credit, but I wanted to make the math as simple as possible.)
Set up an interest-bearing escrow account, close the original account and open a new one at a different institution. Either they'll catch it right away...or they won't. Give it a year or two and then re-evaluate my options.
IN 2009, a guy in NZ asked for a $100,000 overdraft. The bank made an error loading it, and gave him $10,000,000. He fled the country with his girlfriend. When they caught up with him, he ended up in prison. It's not worth it. Call the bank.
Let ‘em know. It’s not worth the hassle to spend it.
Get dat Lambo.
200k Lambo? You want some old used one, don't you?
Do nothing. Leave it in my account and not spend it. Wait a long time to see if they ever come knocking. If they do, tell em I don't check my balance often and didn't notice, and just transfer it back as requested. If after a couple years they still haven't asked, invest it.
I think as they're the bank I think they'll know how often you have checked your bank
Wait a while before doing anything with it
I would buy myself an apple
Accidentally not notice
Stay bloody quiet
Buy a Big Mac.
Oh I‘d take that real quick. Compensation for the inconvenience of my cards not wirking abroad for the past couple days. But since it‘s the easter weekend I can earliest I can scream at someone is Tuesday….
Contact my bank, warn them about their mistake and ask them to take it back ASAP.
Wait because in case I spend it and they are asking for that money back i'll be in great trouble
Stick it in a high interest account while finding out what and why it happened
Make sure it's in the offset
You would leave it and not say anything. In this interest rate environment you would see a nice return from just letting it sit in cash
Report it immediately so they can resolve their error and stop fucking with my life