AN ATM blunder left one bank member fishing for big money.
Many banking clients throughout the country have experienced issues when using ATMs.
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One person described their debacle on a Reddit thread for personal finance.
“I’m still baffled by the situation and [it] does not seem real to me,” they wrote.
“What happens next is anyone’s guess.”
They said they tried to deposit $1,000 into their account but accidentally entered $100,000.
“Could not see the screen well, in my defense,” they wrote while not specifying which bank they belonged to.
They called their bank and a representative said the error would correct itself within days, although that’s not what happened.
I am not rich nor poor. I am thankful for what I have and I’ve worked an honest job for every penny
omenvalor
BANK TANK
“Days go by with no correction,” the user said.
“They have at this point held $1,000 of the $100,000 credited to my account. Which didn’t make sense.”
When they tried calling the bank again, they learned it credited their account $99,000.
The bank informed them their account would be put on hold while they sorted out the issue.
After their account closed, the user said they were mailed a cashier’s check with their remaining balance and the bank’s error of $99,000.
“What to make of this situation?” They asked others to offer input.
“As someone in banking, I highly recommend you return it in person,” one person said.
“They will eventually figure it out and come looking for their money.”
WHAT’S NEXT?
The user posted an update saying they went to their local branch to speak with a manager.
The manager said their account was closed since the bank couldn’t verify the initial deposit within 10 days.
He called another bank employee who informed him the cashier’s check was “non-negotiable.”
The user said the branch representative ran the check to confirm it was legitimate.
They still were very cautious and decided to call their lawyer, who said the user was entitled to the money since they tried to return it.
“So, I’ve deposited the check,” the user wrote.
“I will be holding the funds that do not belong to me in a separate account.”
The user said they were still worried about possibly being charged for a crime.
They also stated they would be “more than willing” to give up the $99,000 the bank gave to them.
“I am not rich nor poor. I am thankful for what I have and I’ve worked an honest job for every penny,” they said.
MONEY MADNESS
Banks can close a member’s account for various reasons, from inactivity to suspected fraud or a low balance.
A Chase client alleged their account was closed after they lost their job.
The user also shared their story on Reddit, explaining how they arrived at a “terrible financial situation.”
They said Chase shuttered their account once their balance dropped to $613.
A Bank of America client was shocked when they were convinced to overspend after being told the bank would repay them.
Meanwhile, another client at Huntington Bank said they’ve been trying to track down their $1,800 for months.