Mystery deposits made to my account

oceanofviolence

I have a rarely used online savings account with a bank who I don't have any other accounts with.

Last week a 'fraudulent' deposit was made and withdrawn again in the same day. The bank called me and informed me, and changed all my security info over the phone.

Today two more large deposits were made, but as the details have been changed the offenders can't withdraw it. The bank called and told me about it so I wouldn't 'get a shock' when I saw it. I think they plan to remove it.

However at the moment a reasonably large sum of money is sitting in my savings account.

Anyone any ideas on the legality here?? Google did not yield much info.

Ta.

dzug1

The legality is the money's not yours.

I would imagine your bank will move it to a suspense account so that you are not bothered with it.

oceanofviolence

dzug1 wrote: »

The legality is the money's not yours.

Obviously I'm aware of that!

Lokolo

Theres not much to it really. The bank will take it back.

If you spend it you will go into overdraft and owe debts. You'll have to pay it back.

Other than that, be thankful its in your savings account earning some pennies.

Boozer

Is it enough to retire on in another country??

oceanofviolence

Boozer wrote: »

Is it enough to retire on in another country??

Sadly no, but it's a few grand I wouldn't say no to! The bank were surprisingly unhelpful in terms of my concerns over the people involved knowing my address, phone numbers, name, date of birth, etc. Considering they aren't getting their money back in any case, I'm not too pleased about it.

I basically want to know what the worst case scenario is - if it's me getting a slapped wrist and having to give it back, I can live with it.

onlypaddy

worst case scenario if you take it out??

as previous posters have said - account into overdraft - charges & interest - DCA's - defaults and court dates

jonesMUFCforever

On the good side you get to keep the bit of interest accrued from these transactions.

onlypaddy

yeah so at least you end up with a little bit of profit out of it

Mikeyorks

oceanofviolence wrote: »

The bank were surprisingly unhelpful in terms of my concerns over the people involved knowing my address, phone numbers, name, date of birth, etc.

Why do you consider they know anything other than your account details? Probably from somewhere inside your own Bank.

And ..... as the transactions will be under monitor from both your Bank and where it's been transferred from (the owner of which account may be unaware of the missing money) ......

I basically want to know what the worst case scenario is - if it's me getting a slapped wrist and having to give it back

..... the worst case is that you're charged with theft if you touch it. The best case is that the Bank simply remove it to a holding account. 'Having to give it back doesn't come into it ' ........ they're aware of it and will simply take it back. But they may be waiting to see where any external attempt to remove it comes from .... as evidence is an essential commodity in fraud cases.