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Posted by Felix Okoli on Thursday July 3, 2014 at 10:12:35:

I recently received a credit alert on my savings account and was a bit perplexed on what to do with it. What would you do if you were in the same situation?

The deposit was from someone I've never even heard his name before and I don't publicize my savings account anywhere or use it for doing business and so it would be unusually for me to receive a deposit into it unless it was from my friend or family and the person would also call me to notify me.

On that particular day, I receive a credit alert on my phone indicating that a deposit has been made into the account and I was a bit happy that the credit has increased my account balance but the depositor's name seemed a bit strange so the best thin I did was nothing.

I wasn't expecting any money nor do I use the accoutn for receiving money for any business and so since it wasn't my money, I jsut left it there.

One of the things that came to my mind was that perhaps somebody made a mistake a mistake with the account number and just paid the money mistakenly into my account. Another reason why I though the mistake was made was maybe on the side of the bank cashier who might have mistakenly entered the wrong entries and jsut added some funds into my account.

I had asked some people what they would do if they received money into their account mistakenly and one guy said he would rush to withdraw it from an ATM.

I think the best thing to do is just leave the money there for about 3 days or a week and afterwards report to your bank if it has not been corrected. At times things like this can happen and the transaction would sooner or later be corrected when the bank makes their daily or weekly audit.

The bottomline is that if it's not your money, it's best to just leave the money there and don't withdraw more than your original balance else you might end up owing the bank by the time they correct the mistake.

When the mistake is from the depositor who paid in the money, he could always come back to the bank to make an official application for the deposit to be reversed and it would be done. So, don't consider any money that goes into your account as yours unless you were the one that actually put it there. Mistakes in bank deposits can be corrected sooner rather than later.

The mistake was corrected in my account and my bank statement didn't even show up the transaction even though I received a credit alert showing it on that particular day.

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Comments:

Comments:
Re: What would you do if someone mistakenly deposits money into your account? Reply by Eze moses A on Thursday October 23, 2014 at 16:26:2:

What of all this unnespected depit alart which l recived and the detail ve not given 2 me?

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Re: What would you do if someone mistakenly deposits money into your account? Reply by Felix Okoli on Thursday October 23, 2014 at 16:26:2:

If you don't understand what they are for, you should complain to your bank's customer service

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