Entered the wrong amount on quick deposit

Hi, i was in a mad rush when i went into Natwest to deposit money into my account. There was a huge queue so i decided to use the quick deposit machine.

I entered £100 and put my notes into the envelope. It's only when i got home that i realised in fact the amount i had put into the machine was £120.

My first question is will the bank correct my mistake.

The second is, i was hoping the money would be deposited into my account today - regardless of if i do lose the money will it slow the deposit down?

Any help would be appreciated.

Comments

  • I think you'd be best phoning the Natwest and asking them
    I seldom end up where I wanted to go, but almost always end up where I need to be
  • pinkdalek
    pinkdalek Posts: 1,355 Forumite
    Tenth Anniversary 1,000 Posts
    Ring them and explain that you think there is £120 in the envelope rather than £100. Yes I would have thought they would credit the correct amount should you had not realised.

    However I would guess they won't credit your account until the next working day, if you paid in on a Saturday then it may well be Monday before they credit the deposit.
  • Twister84
    Twister84 Posts: 525 Forumite
    Part of the Furniture Combo Breaker
    edited 2 April 2011 at 1:38PM
    Cash Quick Deposits should go into the account on the same day if you've paid in before 3.30 pm - this will apply to Saturdays aswell.

    If the amount is incorrect either way (too short/too much), the corrected amount will be paid into the account.


    They should also give you a call to let you know this providing you've left your number on the envelope ;)
    Anything that I do say, is strictly my opinion :p
  • £100 was paid into my account today. Can't complain because it was my mistake. Oh well!
  • hillcats
    hillcats Posts: 899 Forumite
    Part of the Furniture 500 Posts Photogenic
    Yes complain, and ask them to check again... they MUST notice the surplus !!
    ORIGINAL MORTGAGE AMOUNT £106,454.00 (Started Sept 2007)
    NOV 2021 O/S AMOUNT £1,694.41 OUR DEBT REDUCED BY £104,759.59 by std regular, over-payments & off-setting.
    BofE +0.19% Tracker Repayment Offset Mortgage Discounted Sept 07-10 then increased to BofE +0.62% until 2027
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