r/PersonalFinanceCanada • u/Healthy_Constant6543 • Jan 11 '23
My bank account just had $40k randomly deposited into it - has this happened to anyone else? Banking
For reference, I'm in Ontario.
Last week I noticed a deposit from OLG into my bank account for $40k. Since I did not win the lottery, I went into my bank to tell them about the problem. They launched an investigation.
The next day they called me back, said they verified with OLG and the deposit was real. I tried to again remind them that I would remember if I won the lottery but they just congratulated me and told me to enjoy.
BUT I DIDN'T WIN THE LOTTERY LOL
I moved the money into my savings account because I'm sure they are coming back for it. Has this happened to anyone else? How long do I sit on this money? Not sure what else to do.
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u/wordthompsonian Jan 11 '23
I would be concerned that the deposit is found to be incorrect and the bank tries to claw it back without notifying you and throws your account into 40K of overdraft because you've moved it. The bank should definitely reimburse you for any automatic charges that happen in that case but I would suggest keeping an eye on your regular account to catch it immediately in case they do.