Bank error

Sem

Sem

Sem

Soldato
Joined
18 Oct 2002
Posts
4,613
Location
London
my mate paid £1.50 into his bank account and the clerk must have accidentally put £1500 in cause his bank balance is now showing £1500 extra in credit

what are the chances of the bank spotting this mistake

should he start spending :D

personally i think the banks would have anticipated stuff like this happening and would have checks in place and will probably take the money back by Monday

my mate doesn't believe this tho and he will probably start spending it tonight
 
because it was a human typing error it may be hard to spot.

They'd probably know the cashier was down but would have to check every transaction at that desk for an amount similar.
 
Sem said:
personally i think the banks would have anticipated stuff like this happening and would have checks in place and will probably take the money back by Monday

my mate doesn't believe this tho and he will probably start spending it tonight
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I strongly suggest he doesn't spend the money, the bank will most likely realise and then automatically debit his account.

Burnsy
 
They will notice. The deficit will be picked up when they check that teller's roll of transactions. I would therefore advise him not to spend it! :).

On a side note, as of last night I no longer work for a bank! :D
 
My bank has made a similar error, but not in my favour. :(

I paid in a cheque for about 450 quid English, but my bank put 450 Cypriot on hold in my account, so until that cheque actually clears my account is down by about 60 quid. On top of which, non Cypriot cheques take 21 working days to clear. Bank says there's nothing they can do until it clears, despite it being a mistake on the part of their teller.
 
my mate says hes going to take it all out them close the account and open another one elsewhere

i think hes taking a big risk but hes not the type that will listen

/shurgs

hope gets me something tho :D
 
fini said:
That will make no difference - it's not like they don't know where he lives.

fini
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Indeed. It will be very easy for them to track him down, £1500 is not worth the hassle and possible negative consequences (if any amount actually is).
 
Sem said:
my mate says hes going to take it all out them close the account and open another one elsewhere

i think hes taking a big risk but hes not the type that will listen

/shurgs

hope gets me something tho :D
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What an idiot.
 
no his credit rating its been proper **** for a couple of years

multiple defaults

the account in question (ABBEY) is a really basic account no debit card or anything

can only do direct debits and cash withdraws
 
Why would anyone put only £1.50 into their account? Also not only is £1.50 massively different to £1500 not only by a '.' but an extra zero aswell, I can't see this being possible.
 
Could always withdraw it, tuck it away in a savings account and claim to have spent it.

When you go to court, offer to pay the money back in installments - ie: £1/month.

:D
 
Sinque said:
Why would anyone put only £1.50 into their account? Also not only is £1.50 massively different to £1500 not only by a '.' but an extra zero aswell, I can't see this being possible.
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With some banking systems they don't actually use/type the decimal points, all cash values are entered as pennies and the decimal point is added automatically. So it is possible to do the above. Unusual all the same.
 
iBankAllDay said:
With some banking systems they don't actually use/type the decimal points, all cash values are entered as pennies and the decimal point is added automatically. So it is possible to do the above. Unusual all the same.
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If I remember right, most keypads in banks have a doube-zero key. Can see how the cashier might get £15, but not £1,500 - she'd only press the 0 key once...:confused:
 
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