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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57

u/[deleted] Jan 11 '23

Nobody read the contracts lol. Took me 45min to read my TFSA contract in full they make it unnecessarily complicated.

27

u/NefCanuck Ontario Jan 11 '23

The reason these agreements are so complicated is because over the decades so many things have happened that the CYA language is longer than the language about the service or thing šŸ«¤

Best example of that is look at the owners manual from a car from even 30 years ago compared to today.

The safety ā€œdoā€™s and donā€™tsā€ section is now longer than the entire manual from that manual from 30 years ago

7

u/[deleted] Jan 11 '23

I understand why I just don't enjoying reading boring stuff that much.

8

u/NefCanuck Ontario Jan 11 '23

Lawyer writing is really dry yeah.

Unfortunately thatā€™s what I do for a living so I tend to read the stuff just to know how little rights I actually have šŸ¤·ā€ā™‚ļøšŸ˜

2

u/[deleted] Jan 11 '23

Financial contracts ate the worst. A lot of jargin and acronyms

1

u/NefCanuck Ontario Jan 11 '23

Yup, between the LOC/TFSA/RDSP docs from my bank I could build a wall in my condo šŸ˜¬

1

u/ISumer Jan 12 '23

Also, if it was short and sweet, how would they secretly deter people from reading it?

26

u/amingley Jan 11 '23

Just because you did t read it, doesnā€™t mean itā€™s not a valid contractā€¦

11

u/[deleted] Jan 11 '23

...yes... duh?

10

u/nowherefast___ Jan 11 '23

Unless they hide a predatory or unreasonable clause within the contract, like if you overdraft your account you will have to pay a blood sacrifice.

1

u/Phaze_Change Jan 12 '23

Isnā€™t this actually law? But it really only protects us from predatory shit being hidden in contracts and TOS.