Money Moral Dilemma: Should I keep the perks from my grandma's bank account?

studentsaver_889

Simple
Ask Granny if you are in her will and how much you will get?

If it's under £100k I would keep stealing from her.

Note I have no morals and hate my Granny! 

tombhoy327

How would grandma feel if she found out that you are 'stealing' some of her money? You need to make her aware of how much money you are making from 'helping' her. She may well be happy for you to keep the cash. The fact that you are asking the question suggests that just keeping it does not sit right with you.

Rob5342

friolento said:

keithyno.1 said:

HillStreetBlues said:

In the real world away from an MSE "Moral Dilemma" sounds like you could be complicit in money laundering.  

Money laundering??! Are you serious? We're talking about an old lady who keeps her savings in cash under the mattress (or wherever she prefers to hide them) and the payment of her household bills here. 

Even though we don't know anything about the family who are the subject of this MMD I think it's highly unlikely she's shifting cash into her grandson's bank account for 'laundering' on behalf of a drugs gang or a terrorist organisation or some much outfit! 

It would be interesting to know how grandma is receiving her state pension (assuming she is indeed over state pension age), and also how she came / comes by the cash she has.

There is never any further information in these kinds of threads. They juat post some details of a situation that may or may not be true, and then leave people to discuss it. 

mil1963

I'm going to assume that 'grandma' has a pension. This pension would automatically be paid into an account she already has. Why would you need to set up a new account in 'your name'? 

FlorayG

This isn't even a reasonable question. OF COURSE it's her money and the OP is stealing it

tall1

You know what you have done and continue to do is wrong. It's your grandmother's money and your profiting. She's put her trust in you and your as good as stealing money out of the cookie jar while she's not looking. You need to set up an account in her own name. Do what's right and stop penny pinching...

PenJol

Hello, having experienced huge problems with a bank following the death of my mother, being unable to access her accounts to make payments while being financially stretched myself, I would suggest that while following the Power of Attorney route (if you do) you open an account in your joint names so that you can access funds after your grandma's death in case you need to.  My problems with the bank were ongoing and difficult even though I had been appointed legally by the Court of Protection to handle my mother's financial affairs because she was incapable.  Of course this needs gran's agreement and the rest of your family.  As for the question about interest etc, you have plenty of replies already, but I would be open and honest with gran and do what you do out of your good heart not expecting any reward.

ZeroSum

In an ideal world, granny would have account in her own name.

Those who think it's stealing are massively over reacting. Granny isn't entitled to cashback purely because she doesn't pay enough to trigger the payment threshold. It's the grandchild who has to recycle their own cash through the account to obtain it. At best its 50/50. At the end of the day, grandchild is probably creaming off about £3 a month (that granny would never have got regardless even if she had her own account) for the work they're doing in the admin & the inconvenience of handling the physical cash.

It's no different to when we go away with in-laws, I do all the bookings on a 0% credit card. They give me physical cash for their share, that creates work for me having to bank it. I earn a bit of interest on the stooze debt. There's no way I'm sitting down to accurately calculate their share which would equate to something like £1.89

It's laughable that someone has tried to compare it to stealing lottery winnings 

John_Gray

ZeroSum said:

It's laughable that someone has tried to compare it to stealing lottery winnings 

Lottery winnings are usually £lots.  This is stealing, pure and simple.

LadyBee_2

I wonder if the rest of your family know you are doing this?     Presumably you offered to help your Grandmother.........but without telling her you would, in effect, be charging her for doing so.     Just how much time does this take you each month?     You should be doing this out of love, not greed!