On the local news last night, I caught one of those lighter stories, used for filler when the channel’s news producer can’t seem to find other news that will attract viewers. A bank mistakenly deposited $1,000,000 into a woman’s savings account. She was not happy about it, and the bank was not taking back the money in any sort of expedited fashion. Her savings account number was one digit off from a large financial company’s account number.
The station asked viewers to write in and express their opinions: What would you do if your bank deposited $1,000,000 into your account. According to the responses they aired, most would give it back to the bank. One viewer mentioned he would keep the funds in his account until the bank asked for the money back. And as one might guess, others saw no problem with spending the money thanks to the bank’s error.
It reminds me of Patrick Combs’ Depositing the Junk Check story, though in this case, it is entirely the bank’s fault. So what would you do?
Updated June 17, 2014 and originally published December 6, 2006. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.