The third-largest bank in the US accidentally credited trillions of dollars to a customer's balance in a massive payment error, according to a new report.
Bank error in your favor, collect several trillion dollars
Wouldn’t work, banks would almost certainly flag and hold the transaction for possible fraud, and banks can also just reverse transactions like that (usually for a fee paid to the original receiving bank). Even serial numbers of bills can be marked as fraudulent so even withdrawing from an ATM wouldn’t work.
Banks aren’t on a blockchain, they have protocols and agreements to be able to fix mistakes like this.
Best shot is immediately contacting the bank, highlighting the error and hope they’re nice enough to leave a little bit as a finder’s fee.
Wouldn’t work, banks would almost certainly flag and hold the transaction for possible fraud, and banks can also just reverse transactions like that (usually for a fee paid to the original receiving bank). Even serial numbers of bills can be marked as fraudulent so even withdrawing from an ATM wouldn’t work.
Banks aren’t on a blockchain, they have protocols and agreements to be able to fix mistakes like this.
Best shot is immediately contacting the bank, highlighting the error and hope they’re nice enough to leave a little bit as a finder’s fee.