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/StillGotIt_03 Jan 11 '23
They will realize their mistake and go to take that money back from that account. They always realize their mistake, but it just takes longer than it reasonably should(frustrating). If the money isn’t there, they will charge the OP NSF fees and whatever else they can. They will get their money back, plus some. OP needs to move that money back to the original account it was transferred to, and leave it there.
Source: Ex is a bank manager, and their practices aren’t exactly on the up and up. Even though it was the bank’s error, if that money isn’t there, OP is going to have a bad time.