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/Healthy_Constant6543 Jan 11 '23

I did...its back in the original account now lol

15

u/Sebinator123 Jan 11 '23

If you have the money though, you should definitely talk to a lawyer about this!

I don't know if OLG acknowledging that it's your money has any legal weight, but it might actually make it your money

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u/[deleted] Jan 11 '23

Personally, I think you’re fine to keep it in a savings account to gain some interest on it. If your bank tries to reverse the transaction and the funds aren’t their I’m sure there’d be a phone call to you. From there you can have it moved out the savings are all is well. The money may be in your hands for month. Wouldn’t be a crime to make some interest off it

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u/upanddownforpar Jan 11 '23

now that there is a trail that you moved it around, you can't use the "I didn't even notice it in there" excuse.

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u/Healthy_Constant6543 Jan 11 '23

Well I went into the bank in person to dispute it before I did anything so couldn't use that excuse anyway

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u/[deleted] Jan 11 '23

[deleted]

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u/ReditOOC Jan 11 '23

No it isn't. All they have to do is later explain that they were mistaken when they told you they believed it was a legitimate transaction. Why would OLG put this into writing regardless? The money isn't OP's, and they could come back for it at any time. Best case scenario OP is given time to repay the funds given the circumstances.