Zelezny Chucks wrote:Psyber wrote:I'd definitely let it sit in my account and earn interest, and wait for them to contact me. In the meantime I'd transfer the interest to another account elsewhere.
When they did catch up, I'd say, "Yes I didn't touch the capital because I figured you would transfer it back when you ran your routine checks. I hadn't expected it would take you two years to do that."
And, "No, it wasn't my place to do your job for you. It is up to you to compensate your other client for your error."
I think I'd do something similar not sure if I'd transfer the interest out though just let it build up in the same account that way you can honestly say you hadn't noticed. When they try get the money back only allow them to take out the original deposit surely they couldn't whinge about that!
Fair enough in theory, but I'd like to get the interest out before they wake up and take that too.
By applying the fine print in the banking terms booklet, which may vary from bank to bank, my bank can take from any account I have with them any money I "owe" them.
You might be able to win it back in court by disputing their interpretation of "owe", but it would cost you...
So, it may pay to move all your other deposits and the interest elsewhere first!