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Old 03-01-2011, 01:07 PM   #1
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Bank Error in Your Favor

So I'm at the ATM yesterday and I slide my card in and request $100. The machine starts spitting out $20's really fast. I look at the huge stack and think that I made a mistake entering, but no I entered $100.

All in all the machine gave me $540.

I personally have no problem keeping a bit of a huge banks profits considering all the fees they've charged me - would you keep it?
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Old 03-01-2011, 01:10 PM   #2
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like 5 or so years ago there was this guy trying to setup an atm network that would give an extra 20 out randomly as a prize of sorts


Double check your bank statement to make sure they didnt charge you for that error heh
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Old 03-01-2011, 01:10 PM   #3
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Sure keep it. I'm positive you aren't on video.


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Old 03-01-2011, 01:11 PM   #4
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They will figure out who got the $ most likely and tag your account with the full amount.
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Old 03-01-2011, 01:15 PM   #5
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You'll be deducted accordingly don't worry. We are talking about a Bank here. They do not give away money...
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Old 03-01-2011, 01:16 PM   #6
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I know in my state that knowingly doing so can result in you being charged with a crime. To be safe, I'd let the bank know.
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Old 03-01-2011, 01:20 PM   #7
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they will catch the mistake.
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Old 03-01-2011, 01:20 PM   #8
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Put it this way... you pay for their technology to be accurate, so their failure is your gain

Years ago I was at an ATM and was withdrawing something like $300 or so. The ATM spit out $220 then froze and said there was an error. I took a picture with my phone and even the amount of money I had. Call BofA and they said they would investigate. I get a letter in the mail a few weeks later saying "here is a receipt from your withdraw for $300"

Id take any chance I have to get their money now
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Old 03-01-2011, 01:26 PM   #9
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So I'm at the ATM yesterday and I slide my card in and request $100. The machine starts spitting out $20's really fast. I look at the huge stack and think that I made a mistake entering, but no I entered $100.

All in all the machine gave me $540.

I personally have no problem keeping a bit of a huge banks profits considering all the fees they've charged me - would you keep it?
The receipts at the ATM are going to be off. They're going to review the receipts and the video footage, and they're going to correct it on your account.

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Put it this way... you pay for their technology to be accurate, so their failure is your gain

Years ago I was at an ATM and was withdrawing something like $300 or so. The ATM spit out $220 then froze and said there was an error. I took a picture with my phone and even the amount of money I had. Call BofA and they said they would investigate. I get a letter in the mail a few weeks later saying "here is a receipt from your withdraw for $300"

Id take any chance I have to get their money now
That happened to me about 10 years ago, different bank. They reviewed everything and I got my money back. Sounds like your bank sucks.
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Old 03-01-2011, 01:32 PM   #10
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Already posted to my account at $100. I'll check back in a week and maybe in a month and let you know if I got hit for the total.
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Old 03-01-2011, 01:34 PM   #11
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evrything is logged, they will deduct remaining money from ur account,
my friend works on database server connected to atm's
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Old 03-01-2011, 01:35 PM   #12
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Once at walmart in the middle of no where while on a road trip i stopped to get cash out of the atm. It was a walmart atm so they controlled it i guess . anyways .. it ran out of money and i was taking out 300

So it says Error please see attendant.

I see an employee and they get a manager .. the manager came out and said how much ddi you request

told her 300 ... she asked how much did I get ..I told her how much i had and she just opened the box and gave me the rest of my request

She did nothing to verify how much i really got - i think i could of said it only gave me 20 lol
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Old 03-01-2011, 01:38 PM   #13
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how the hell can video tell how much you got? it is so shitty and grainy that would never hold up in court...

the machine will tell them the amount dispensed though.
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Old 03-01-2011, 01:47 PM   #14
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Keep the receipt saying you withdrew 100, and if anythign claim you didn't count the money. You regularly carry around $2-3k and don't notice a few extra hundred.
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Old 03-01-2011, 01:52 PM   #15
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Was it after 4pm? If so, the $100 will post on your account as a pending transaction, but during overnight processing tonight it will rectify the mistake and adjust your account accordingly. If it was before 4pm and the overnight processing was last night and its showing a final posted transaction of $100, then you may indeed have gotten away with it.
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Old 03-01-2011, 01:57 PM   #16
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So I'm at the ATM yesterday and I slide my card in and request $100. The machine starts spitting out $20's really fast. I look at the huge stack and think that I made a mistake entering, but no I entered $100.

All in all the machine gave me $540.

I personally have no problem keeping a bit of a huge banks profits considering all the fees they've charged me - would you keep it?
thread sent to the local police station in LA.

cheers

i kid i kid.. i enjoy the money man
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Old 03-01-2011, 01:58 PM   #17
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Must have upgraded the technology since, but I remember years ago I'd pull out say $100, and end up with $120. Only happened when they were brand new, crisp bills though, so they got stuck together as one.
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Old 03-01-2011, 01:58 PM   #18
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evrything is logged, they will deduct remaining money from ur account,
my friend works on database server connected to atm's
depends how ATMs are setup, if it logged that it gave out only $100 and proper amounts in other transactions, how will bank determine which account to go after?
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Old 03-01-2011, 02:12 PM   #19
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The machine will balance eventually and you'll get the amount deducted from your account. Happened to me a few years ago, we were out drunk and I got 100 pounds out after the bar to hit the strip club, it gave me 200 and of course I spent it.. couple days later I see CORRECTION on my statement, they tapped the extra funds from my account.
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Old 03-01-2011, 02:19 PM   #20
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I personally have no problem keeping a bit of a huge banks profits considering all the fees they've charged me - would you keep it?
If i thought they wouldn't be able to charge me back for it, then hell yeah!!
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Old 03-01-2011, 02:27 PM   #21
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Keep the receipt saying you withdrew 100, and if anythign claim you didn't count the money. You regularly carry around $2-3k and don't notice a few extra hundred.
That's a good idea.

I had something similar happen to me and it's not until they balance the ATM the next day. They will notice it's down by $300, not sure if they can track it to your transaction though.
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Old 03-01-2011, 02:33 PM   #22
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This is a moral issue.

Do you have any morals?
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Old 03-01-2011, 02:36 PM   #23
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I think people in here might be overestimating the ability for the bank to find out where the money went.

I went into the actual branch and took some cash out from the teller and they overpaid me by $400. They had no idea where the money went, even though there are cameras inside the branch.

They would have never figured out where the cash went if I hadn't brought it back. They gave me a few hundred Air Miles as a thank you for being honest. (oh joy, air miles)

I was also friends at the time time with commerical bank manager there and he told me they wouldn't have been able to tell where the cash went. He said the teller that was out probably would have been fired.

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Old 03-01-2011, 02:45 PM   #24
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you will wake up soon with a negative $540 they don't play that game.
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Old 03-01-2011, 02:51 PM   #25
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Go to the bank manager with $440 in 20's and the universe will reward you.
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Old 03-01-2011, 02:52 PM   #26
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I used to work in the atm integration department of a large bank. This happens more often then you think and believe me they will figure it out. The machines must balance when new hoppers of cash are added, if they dont, they go through all transactions line by line.
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Old 03-01-2011, 02:54 PM   #27
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on another note, if you were to ever knock over an atm machine, I suggest casino's. Most casino cash machines have 500k-750k in cash and are refilled 3-4 times a week.
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Old 03-01-2011, 02:56 PM   #28
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Bank Error in Your Favor
This rarely ever happens. It is reasonable to keep the money. This is the way businesses do accounting nowadays if there is a mistake:

1) Error in Your Favor - don't contact them AKA it's their duty to contact you
2) Error not in Your Favor - contact them
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Old 03-01-2011, 03:08 PM   #29
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When the ATM at the nearest bank to me started spitting out 20s instead of 10s there ended up being a queue of people there ready to empty it.
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Old 03-01-2011, 03:09 PM   #30
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on another note, if you were to ever knock over an atm machine, I suggest casino's. Most casino cash machines have 500k-750k in cash and are refilled 3-4 times a week.
That's crazy.
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Old 03-01-2011, 03:09 PM   #31
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nothing to do with morals here, bank fucks you over every time so why not fuck them back
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Old 03-01-2011, 03:14 PM   #32
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Send it to me and i will spend it for you. this way you have nothing to feel bad about.
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Old 03-01-2011, 03:15 PM   #33
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on another note, if you were to ever knock over an atm machine, I suggest casino's. Most casino cash machines have 500k-750k in cash and are refilled 3-4 times a week.
Alot of them send you to the cage to get your $$ too.
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Old 03-01-2011, 03:22 PM   #34
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I have no problem if they find the error and hit me for it. Although the majority thinks this will happen I kinda doubt it. Although this is my bank I was using another institutions card - I can't see them hitting the card again if it's not present.

I could be wrong.

I'm curious all these people saying the bank will catch it- would you return the money or wait for them to catch the error - I have a feeling 90% would keep it and see if they catch the error...
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Old 03-01-2011, 03:28 PM   #35
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keep it. If they say something or take the money out of your account, oh well. Otherwise, consider it a bonus payment ;)
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Old 03-01-2011, 04:08 PM   #36
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Old 03-01-2011, 04:11 PM   #37
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So do the ATM's in the US record your face on video then?
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Old 03-01-2011, 04:25 PM   #38
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http://articles.moneycentral.msn.com...urProblem.aspx

Obviously different amounts of money... but you'd never win in court... if it went that far.
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Old 03-01-2011, 04:29 PM   #39
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Old 03-01-2011, 05:27 PM   #40
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Old 03-01-2011, 05:31 PM   #41
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Sure keep it. I'm positive you aren't on video.
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Old 03-01-2011, 05:36 PM   #42
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Reminds me of that episode on frasier
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Old 03-01-2011, 05:37 PM   #43
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These things never turn out in your favor.
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Old 03-01-2011, 05:43 PM   #44
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They will figure it out, then come up with some fee.
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Old 03-01-2011, 11:15 PM   #45
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Go to the bank manager with $440 in 20's and the universe will reward you.
What if this was his reward for something else good he did in the past?
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Old 03-01-2011, 11:36 PM   #46
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I have no problem if they find the error and hit me for it. Although the majority thinks this will happen I kinda doubt it. Although this is my bank I was using another institutions card - I can't see them hitting the card again if it's not present.

I could be wrong.

I'm curious all these people saying the bank will catch it- would you return the money or wait for them to catch the error - I have a feeling 90% would keep it and see if they catch the error...
I have a feeling it's more like 99.9999999%
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Old 03-01-2011, 11:44 PM   #47
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huge bank error here yesterday

cash machines were literally spitting out thousands of dollars of cash all across the state
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Old 03-01-2011, 11:47 PM   #48
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Yeah sounds like the Australian one yesterday. Police have already said that they will prosecute anyone who doesn't give it back.
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Old 03-02-2011, 12:09 AM   #49
blonda80
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The only error that I got to an ATM in here, 2 years ago I think, was when I asked 1200 and it only gave me 1000. I was so pissed off
I didn`t went to the bank to argue with the idiots but I never used that ATM machine or bank again.
But this is Romania Shit happens.

I don`t think I would keep the money in your place. I never take what isn`t mine because I have tons of bad luck and usually I lose 3 times more than I "win"
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Old 03-02-2011, 12:16 AM   #50
CYF
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