Log in

No account? Create an account
What I say? Who knows me? What I said? What I am? disturbing.org.uk Previous Previous Next Next
Corrosive Shame
Therapy for Life
Bank Error In Your Favour
My life is a Monopoly game...

Feeling brave I just checked my bank account online. Normally this is something that feels me with dread and despair as I am certainly one of those who can calculate their monthly expenditure by taking Income and adding 10%, but this morning I am mightly amused that $deity is playing games - and the bank have credited me with an additional £1800.

Although I have no doubt it will disappear I thought I'd have a look at ethical advice, and found this gem from the Jewish Ethicist:

However, in the vast majority of cases the ethical policy is to return overpayments. In all our financial dealings we should strive to project integrity. A business person has a right to every penny he earns, but shouldn't try to keep more than he earns. In the long run, he will probably not fool his business associates, and he will certainly not fool the Almighty Who provides for all His creatures and expects them to act in accordance with His will. For this reason, a prominent authority writes that businesspeople who cheat their customers risk financial ruin.
No fooling the almighty for me, I wonder how long it will stay there before it disappears...

Current Mood: amused amused

7 lies or Lie to me
kissmeforlonger From: kissmeforlonger Date: November 13th, 2004 05:38 am (UTC) (Link)
Have you seen this? Long and a bit overwritten but funny.
sapphrine From: sapphrine Date: November 13th, 2004 05:40 am (UTC) (Link)
there is some kind of legal thing on this actually. They have to remember in 3 or 6 months or something and then its yours i believe. Keep looking, i'm sure someone knows! :)
berrega From: berrega Date: November 13th, 2004 06:21 am (UTC) (Link)
Oh, sorry. I think that's mine!
I must have transferred it to you by mistake ;-)
From: ikkleblacktruck Date: November 13th, 2004 07:07 am (UTC) (Link)
They'll notice, don't worry. They might forget to deduct it from your balance when calculating interest though. Or they might charge you for the privilege of their error. Or maybe you do actually have a mysterious benefactor who wants you to have a splendid birthday?
vin_petrol From: vin_petrol Date: November 13th, 2004 11:19 am (UTC) (Link)
A quick chat with Trash (ex-banker, and she did some CIB exams on this sort of thing) got the following interesting factoids out of her:

1) If the money remains in your account for seven years, it's legally yours ("stature barred", apparently).

2) You *could* choose to spend the money. If the bank then takes the money back, making you overdrawn, you can then defend yourself by saying "I don't check my statements" (obviously, this won't work if they have any evidence that you do!) Some legal case from years ago ("Bloggs vs Bank") established that customers are *not* legally required to check their statements. You're entitled to check only the balance and work from that. They would then (effectively) have to grant you an interest free loan to repay the money. Meanwhile you've transferred it to a high interest savings account at a building society :-)

Trash hasn't worked for a bank for a few years though, so this information could well be out of date.
kneeshooter From: kneeshooter Date: November 13th, 2004 11:22 am (UTC) (Link)
Blimey! Thanks. I'll make a note in my diary for 2011.
sixtine From: sixtine Date: November 14th, 2004 04:03 pm (UTC) (Link)
How cool! Similar thing happened to me once as a 2nd year student; flat broke and overdrawn, a mystery £200 landed in my account. I kept it for a year and then spent it. The bank never took it back. Finger crossed that it's the deposit for your next uber-geek-camera.
7 lies or Lie to me