So $2,500 Mysteriously Showed Up in My Checking Account

[Beetwasher]

It was electronically transferred in and I have no idea where it came from. I contacted the bank and they too have no idea who transferred it in or where it came from. :shrug:

I transferred it to my money market account and I ain't spending it.

[davidinalameda]

1. someone is gonna claim it

it's a good think you're not spending it because you'd have to pay it back sooner or later

but I think there's a statute of limitations on how long before the money is yours

check with the bank

[ScreamingMeemie]

2. As a person who used to work in wire transfers at a major bank...

I would bet the wire transfer person was tired, busy, something else, and transposed numbers on an account. I would keep it in your account so they can easily debit it back out if I were you. :hi:

[Beetwasher]

3. I Only Transferred it to my Money Market Account

Which is linked to the checking account. Will they let me keep the interest on it?

[BR_Parkway]

6. When they take it back, if you go negative, they'll probably slap

you with penalties and overdraft charges. It's how banks make their best money the past few years.

[Beetwasher]

8. I Won't Go Negative

and I have to assume that if they are going to remove money from my account, they would have to let me know first.

[LibertyLover]

15. Removing money

I don't think they have to inform you at all. I have direct deposit of my paycheck and a few weeks ago I was overpaid by a couple hundred dollars. The payment advice I was given was the correct amount, but what was actually transferred in was over that. It was transferred out of my checking account without a word to me. I only caught it when I reconciled my account.

[LoZoccolo]

9. I totally wouldn't touch it, man.

I'd do whatever the bank says. Usually money markets at banks only get like 1.5% anyways, you probably won't make much putting it in there.

[ScreamingMeemie]

25. If it's linked they'll be able to get to it...plus they can go back and

check your transactions. I doubt they'd let you keep the interest as it isn't your money, unfortunately. I would actually call them and give them a head's up on it if I were you. Best thing to do is not to touch it since you don't know where it came from.

[Beetwasher]

26. I Already Called Them

I told them I didn't know where it came from and they said they didn't know either.

[ScreamingMeemie]

27. Oops. That's right. I see that. Then I would just leave it there for a

week and see what happens. It usually takes 2 to 7 business days to trace a wire transaction, depending upon where it originated from. FWIW, the bank should be able to trace from their end to the incoming deposit. It's odd that they aren't since you called. :hi:

[Beetwasher]

30. It's Already Over A Week!

And the money's still there!

I keep thinking maybe I'm overlooking something I should have been expecting and maybe this money really is mine... :shrug: :hi:

[ScreamingMeemie]

31. Do you run a home based business? I would really ask the bank to

trace the transaction. Good luck! I hope it's yours! What a pleasant surprise that would be!

[Beetwasher]

32. Nope, No Home Business

I already asked them to find out where the money came from, and they said they had no more information...I guess I could kick it up a level and talk to a supervisor, but I guess a part of me is thinking that I already did my civic duty and tried and I don't want to draw TOO much attention to it, if you know what I mean. :evilgrin:

[Hugin]

5. If they were dipping into my account removing money...

I wanna know about it! Even if it was put there by
accident.

[Xithras]

21. They would let you know after the fact.

I once received a letter from BofA explaining that $200,000 had been "erroneously credited" to my checking account, and was debited out two days later. I never noticed the money myself (damn!), but they did let me know what had happened. I would hope that any reputable bank would do the same.

FYI, they don't have to get your permission because the money isn't yours. From their perspective, they're simply correcting a data error in their own computers, and aren't modifying "your" balances or assets in any way.

[sam sarrha]

7. Juan in Columbia is gong to be pissed when his cocaine money got

hijacked by some honkey boy...

[Beetwasher]

11. What Makes You Think I'm A Honkey?

:shrug:

[Jara sang]

4. Oh shit, that's where that went.

I was just laund... I mean transferring some funds between accounts. I'll send Jimmy Knuckles over to pick that up from you.

[BlueJazz]

12. What..How dare you..It's Mine!...BUT...in the interest of

"Du Fellowship", I'll split it with you. (Well..after Jimmy gets his cut)

[GreenPartyVoter]

10. Weird. Are you gonna get nailed for a pay-off on something you never

had anything to do with?

[EC]

14. Good point

maybe one by one the Homeland Security is going to set us up and arrest us for "terrorist support" or something?

:tinfoilhat:

[GreenPartyVoter]

17. Exactly. Cheapskates. If they are gonna arrest ya for somethiNG you

never did, they oughta pay better!

[zbdent]

13. Damn, now how do I explain this to Mrs. ZBDent?

She's been wondering!!!

;)

[jandrok]

16. You shouldn't have given your account information to that...

....Nigerian guy from that e-mail. Now you're gonna get screwed!

[Beetwasher]

22. Damn! But He Seemed So Sincere!

n/t

[ronnykmarshall]

18. Leave it in the account it was transferred to.

If not, when the error is corrected your checking account will be debited and possible overdrawn.

[Beetwasher]

19. I Have Automatic Overdraft Protection

They would take it out of my linked account anyway...

[ronnykmarshall]

28. Make them reverse any fees.

If they do debit if back out of your account, make them reverse any overdraft transfer fees.

[Beetwasher]

33. Absolutely!

Especially since I DID call them and inquire about it. I gave them a chance to find the error already and they declined to really look into it!

[yvr girl]

20. It was the first sign of identity theft for me

Someone had transferred money from my RSP account to my chequing account.

[Beetwasher]

24. I Don't Understand

They transferred your own money?

Well, I'm not missing any money anywhere else...What's an RSP account?

[yvr girl]

29. Investment account - like an IRA I think

They cleaned out my retirement account. They transferred money back and forth between all my accounts. They even converted some cash to a GIC for me. They transferred money out of my accounts too. They were just trying to cover their tracks.

[Beetwasher]

34. Damn, You're Scaring Me!

I sure hope this is not a precursor to identity theft!

[CornField]

23. I think, unless you give half of it to someone needy (like me), you'll

be subject to bad karma. :evilgrin:

[FredScuttle]

35. Tax refund?

n/t

[Beetwasher]

36. Nope, Already Got My Fed and State Refund Months Ago

n/t

[Fleshdancer]

37. the bank doesn't know where it came from????

I think that's a good sign to change banks. They should have records on electronic transfers, shouldn't they?