if i was to put £1-50 into my bank account and it came up on my statement as putting £150-00 in my account where do i stand can they trace the mistake
2007-01-29 06:53:14 · 9 answers · asked by mothertiggy 4 in Business & Finance ➔ Personal Finance
Banks balance there tills daily or weekly.
When the till is balanced there will be a cash short of £148.50 and an investigation will be opened.
Where I work we are required to write a cash breakdown on every transaction so that error's such as these can be traced.
When the error is discovered they will contact you to repay the sum you were over credited. If you do not have sufficient funds available they will arrange a fixed repayment plan with you.
As long as the bank can prove the error they are entitled to seek reimbursement from you and will actively do so.
2007-01-30 08:26:59 · answer #1 · answered by angie 5 · 0⤊ 0⤋
yes,at the end of the day or week,depending on balancing days,the cashiers till will will be short by the difference,all the vouchers will be ticked back to an add list that lists every transaction,if it isn't found there,the cashier may remember the transaction off the amount(if he/she is lucky)remember its hell on earth when you work for a bank and the till doesn't balance,it all gets logged and cashiers are only allowed so many cash errors every year and only a certain amount in monetary terms,I've seen colleagues in bits and crying when their tills don't balance-always be honest please
2007-01-29 21:52:19 · answer #2 · answered by NATALIE W 3 · 0⤊ 0⤋
One time my bank deposited $575 into my account,I left it in there for a couple of weeks then took it out,that was over 5 years ago,they never noticed.
2007-01-29 07:29:35 · answer #3 · answered by Anonymous · 0⤊ 0⤋
I once had this on a grander scale. I had a money transfer from abroad and they accidentally credited my account with much more than was paid in. I spent it on a car and told them I thought the amount of money in the bank was correct. They hadn't got a leg to stand on. Go for it. Spend it. They can't take back what isn't there. It was their fault not yours. Enjoy it.
2007-01-29 07:25:08 · answer #4 · answered by lottie 3 · 0⤊ 1⤋
It works the same as if you deposited more and were credited less. When they investigate and find out what is wrong, they will take the money back.
2007-01-29 06:58:18 · answer #5 · answered by Apurva M 2 · 0⤊ 2⤋
They will trace it by the end of the month when they do their books. Don't spend it...it's not yours.
2007-01-29 07:11:24 · answer #6 · answered by Anonymous · 1⤊ 1⤋
The bank has now been informed lol
2007-01-29 06:58:56 · answer #7 · answered by man with the golden gun 4 · 1⤊ 2⤋
Yes they will know when you tell them of there mistake
2007-01-29 07:06:46 · answer #8 · answered by Anonymous · 0⤊ 1⤋
If you keep it knowing that it is not rightfully yours, technically it's theft. Sorry, no free cash.
2007-01-29 07:10:20 · answer #9 · answered by louby lou 2 · 1⤊ 1⤋