Bank Accidently Giving Me Money

[equora]

I recently opened a bank account with IceSave. I setup a direct debit with them to transfer �4500 from my other bank to IceSave.

This went through fine. The money left my account and arrived at IceSave, appearing on my statement. However, 5 days later the money reappeared on my other banks statement, as a transfer from IceSave. The IceSaver statement as of today still claims to have the �4500.

I've currently got �9000 instead of �4500. I'm assuming due to IceSave screwing up. What should I do?

[bednobs]

1) contact them to pay it back as they will ask for it back at some point anyway
2) put the extra 4500 in a high interest account or premium bonds and earn interest on it till they ask you for it back

[norlo]

Very simple.

Pay it back immediately, as retention of the money is theft.

Theft is defined as "The appropriation of property (this includes money) belonging to another with the intention of permanently depriving them of it."

Technically, keeping it this long without advising them of it, and considering its retention renders you open to accusations of theft.

Give it back. Its not worth it.

[Carby]

Transfer all yourt money away asap. Or with draw it in cash and leave the country, then write them a letter taking the p1ss out of their incompetence!!

[badgerchops]

if you own up you may get commission as a goodwill gesture

[WendyS]

Write to them and point out the error. Retaining it would be theft. Howver, it may take a while for them to sort out as they're apparently innundated with new customers trying to open accounts.

[Bugsysiegel]

Ultimately you will have to pay this back. However there is no reason for you to make this easy for them. Having worked for a bank, I would tell them that you are unable to pay the whole amount back straightaway and just agree to pay them back in installments. Use the money elsewhere. Of course if you are paying into the new account regularly then this wont work!.