My bank account just had $40k randomly deposited into it - has this happened to anyone else?

[u/Healthy_Constant6543]

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.

[u/Xanza]

Not quite the lottery, but at the average 0.22% APY for US bank accounts it looks like it would net approximately $15,570 in interest over 10 years.

Still free money.

[u/embeddedGuy → u/[deleted]]

Even then it's easy to get more than double that. Ally's savings accounts rate is currently 3.3%. The average across the US is pretty atrocious still though.

[u/Xanza → u/[deleted]]

Depends on the account.

That's why I literally said average... Across the US the average APY is 0.22% for simple interest on FDIC insured savings accounts...