What would you do if the ATM gave you extra money? : The Saturday Weekend Review #66
HONESTY OR PARTY TIME
What is an ATM? It’s a bank machine not a slot machine, or is it?
There are times in life when you think something isn’t possible and then you read stories like I did this morning and smile because you know that errors happen all the time.
Gone are the days many years ago my wife says when you pull up to a bank drive-thru and are greeted with a friendly smile from a banking representative.
Do you remember that? I don’t because we don’t have that in the UK that I’ve ever seen but I’ve been gone for a few years now.
Just like a computer the human can make errors and in this case a big one. What’s the scoop this week you ask? Well, let me tell you I never get to witness any outrageous things like this story.
Confessions of an ATM
Let me break down the scenario with some of my added humour. (Well it’s funny to me)
So you pass by the nearest ATM (automated teller machine) at the bank to take out some cash. You are one of those people whose brain always asks “what if” and decide to test out the ATM to see if it would hand over some extra cash.
You proceed to have the ATM process your request to remove money from your bank account with your legit bank card which now reads a balance of $0. What the heck let’s see if the ATM will spit out the millions for me like a slot machine would. DING…DING DING… somehow the coding is wrong and guess what you’re looking over your shoulder wondering how you’re going to get your new windfall home.
This is what happened to a homeless man in Maine at a Canada Trust bank with what they say is a temporary windfall. What are the chances of that happening and he’s homeless? I’m pretty sure he was shaking with fear and excitement when the ATM was spitting out more than $37,000 dollars for him.
For many people that’s about one year’s salary and all he had to do was test out the ATM system to see if it was stupid enough to give him cash. I’m pretty sure he was thinking about hitting all the ATM’s in town to see how user-friendly they were, lol.
Honest or not
Honesty is always the best policy but let’s be realistic here for a moment. If you found money on the ground you’d likely pocket it. If you found money at the grocery store you’d likely pocket it although some may turn it in.
If someone gave you extra cash back and you noticed you might say something so their cash balance isn’t out at the end of the day. You might say nothing at all. It really depends on you as a person.
This homeless man thought nothing of it and of course not, he’s homeless. Money might make his world go round. I’m sure he was spending it in his head as he was jamming it into a shopping bag. Police were alerted when someone noticed he was spending too long at the bank machine and he was caught with the bag of cash.
Could you imagine standing in line behind some guy and he’s stuffing cash into a shopping bag lol. My mind would be thinking a million things but not that he cracked the ATM code. I thought banks were smarter than that. I’ve talked on the blog before about computerized systems and the scanning code of practice at the stores.
Don’t rely on the computer cash register system to always spit out the right price because a glitch could happen and errors could happen just like in the case of the ATM at Canada Trust.
Although it wasn’t a computer glitch it was supposedly a code error the bank says. We have to be prepared that human error happens in technology so we much check all of our bills and receipts carefully even if you take money out of an ATM. Check your bank slip, don’t just leave it there for the next person to check for you.
I’m pretty sure many of you can tell me you’ve went to an ATM and noticed bank slips just hanging around, on the floor even still hanging out the ATM receipt slot.
Most of us are all curious by nature and read them just to see how much money is in the bank account of the person who owns that account. Others might try to use banking information for illegal purposes.
My point is to never say something can’t happen because it can. You can add layers of security to a system and all it takes is a simple error and someone like this homeless man hits the jackpot.
Should he have turned the money in on his own? Well many readers on Yahoo said it was his and the banks fault for allowing it to happen and others said yes.
Again, it all depends on how you were brought up to deal with these types of situations. I was told by my parents that if it’s not mine to give it back. It’s a different story for many people when it’s a boat load of cash because money for most can solve many stressful problems.
Money can go towards paying off debts to paying for school loans, so if you can live with it in and hope that you don’t get caught you’ll likely do it. If you can’t you’ll be phoning someone to them know the ATM you were at gave you more money than anticipated. Alternatively you can also tell the truth that you were playing around to see if you could fool the bank.
Do you think it was the banks fault or he was playing the slots and just got lucky?
What would you do if the ATM gave you cash that wasn’t yours?
CBB Blog and at home
This week on the blog has been challenging although it’s been stressful at times ever since I had it moved and re-designed trying to understand the problems that have happened.
I hope I have sorted out the issues but if not I’ll have to hope that some smart computer engineer out in Blue Host land will help me figure this out. You may have noticed that you didn’t get a blog post in your email one day or you got two blog post links in one email the following day. As a subscriber you still got the blog posts just a day later or two in one email.
So far I’ve had a really helpful customer service rep that has assisted me to sort out the issue. The blog has been so busy that I may have to make some changes to my hosting plan plus clean up some garbage on the site. You may notice smaller photos moving forward or less photos for that matter as they tend to slow down a blog.
It’s been a learning experience and anyone who thinks starting a blog is simple will have the shock of their life when things go wrong or as they learn day by day.
I’ve also like many other bloggers have many people trying to hack into Canadian Budget Binder because they simply have nothing else better to do with their time. I’m not sure what the point is besides trying to blow up my site and getting a laugh out of it but my mate Grayson from Debt Round Up has helped me sort that issue out with extra security on the blog.
If only some of these hackers put their brains to good use they’d be making money the right way and wouldn’t have time for this hacking game. We can’t fight the world now can we so we have to protect ourselves. Sounds like just about everything in life.
So far no more hackers trying to break through, thank goodness. A big thanks to John from Frugal Rules for sending Grayson my way. He was super-fast at sorting it out and putting everything in place. If you need any help with your blog check out his services and he’ll sort you out.
Other than being very ill this past week I haven’t had much chance to get what I wanted to done but I’m working at it. This coming week I need to get the snow tires off and get the vehicle cleaned inside and out so that’s on my to-do list.
I’m feeling better now. Thank-you to all the fans and bloggers who emailed me and left me messages on social media. You all make me smile for caring about me so much. Thank-you.
Until next week, enjoy this edition of The Saturday Weekend Review!
Fan deals and inspirations
Submit your Brag or Inspiration If you have a brag that you want me to share email me at canadianbudgetbinder (@) [yahoo] [.ca] or fill out my contact form by Friday each week to have your brag considered for the Saturday post.
This week CBB fan Angela shares her deals of the week.
Dear Mr. CBB:
I made a trip into my local Real Canadian Superstore to pick up a few price match items and use a few coupons. I’m super happy about the items I left with and the value I paid. Raspberries are a favourite in our house and getting them for under $2 a container is awesome.
- 6 x 1/2 pints of Driscoll’s raspberries price matched to Metro at $2.24 each ($13.44) less 5 coupons at .75 and 1 coupon $1.00 ($4.75) gaining 3,600 PC Plus points from online bonus added to card – the Driscoll’s coupons come from the online surveys as a printable and our RCSS is good with them.
- 2 x 450 gr Cheese Whiz price matched to Metro at $2.94 each ($5.88) gaining 2,600 PC Plus points (1,000 in-store promo and 1,600 from online bonus)
- 1 English cucumber price matched to Giant Tiger at .88 gaining 400 PC Plus points from online bonus
- Total $15.45 after coupons subtracted with 6,600 PC Plus point added to my husband’s PC Plus account.
Weekly CBB posts
If you missed any CBB posts from the week here is the list of posts you can catch up on reading!
- How to keep weeds and other pests off your lawn
- Unexpected expenses and savings: Our Budget Update March 2014
- Is one cent a grocery price savings? The Grocery Game Challenge #1 April, 2014
- Does having debt mean you are having too much money fun?
- Easy Juicy Meat Buns
- Is customer service affected by the clothes you wear?
- Is the big house the problem or the price?
Making a difference
If you know a personal finance blogger that is making a difference and want to nominate them please send me an email so I can reach out to them for a feature story.
Note: If you are a blogger who gives back and would like to be featured by all means get in touch with me as I am filling spots up for the rest of 2014 and they are going quickly.
Today I’d like to introduce you to my Canadian personal finance blogger friend Morgaine.
Hello CBB Readers,
My name is Morgaine and I blog at Morgaine and Money.
I started my blog because I had debt. First, I had student loans and then I got into consumer debt.
As I began to get serious about paying off my debt, I saw that there was an online community, the Personal Finance community and I decided to join. I love that we can post what we’re going through and get feedback and suggestions.
Starting a blog and joining the PF community has been the best thing I’ve ever done for my finances. I have paid off my debt, saved for a wedding in cash, saved up for a down payment, and now we’re working on saving for whatever life brings us next!
I’m continuing to share my story so that maybe I can be an inspiration to someone who is in debt and feels like there’s no light at the end of the tunnel. At one point, I felt that I would never get out of debt and have the life that I wanted, but I’m here now, and others can be too!
Feel free to drop me a line at my blog or on twitter @morgainemoney
What is a blog carnival?
Some fans have asked me “what is a blog carnival?” so a little explanation is due here for anyone reading for the first time or for my long-time fans.
A blog carnival is where a blog or website hosts what we call a carnival of blog posts from around the web. Most blog carnivals have a theme and certain rules for submitting which must be followed.
If you are a blogger and would like to learn what blog carnival directories I submit to each week you can find the information in a previous Saturday Weekend Review post that I wrote.
Carnival glory
A big thanks to these pages for accepting my blog posts and sharing them in the following carnivals and/or sharing my blog posts with their fans.
Carnivals
- Blog Carnival #35– Aspiring Blogger
- Yakeezie Carnival– The Money Principle
- Carnival of Financial Camaraderie– Finance with Reason
Blog Mentions
- Brighter Life Likes– The Brighter Life
- The Challenges of Network Marketing- Travel, Booking and Leisure guide
Google search terms
Every week I get thousands of people visit Canadian Budget Binder because they did a search online and found my blog. Keep in mind any spelling errors below are because I share with you the exact way they typed their search engine query to land on my blog.
Here are a few of my favorite searches that may have even brought you here and you’re reading this, now.
- How to eat on welfare– I have a blog post in the making to help you sort this issue out. It’s a big request here at CBB and I must put something into words to help those that struggle to grocery shop on a limited budget in order to eat well.
- Rent a goat price– I’m still laughing at this because I never actually thought people would want to rent a goat. Katrina wrote a blog post here last year about goat rentals. Turns out it’s pretty popular.
- Men who cook are worth it– Of course we are 😉
- How to hide savings from OSAP- Is it worth it?
- I want to earn lots of money from my business from law of attraction- You go for it!
That’s all for this week’s edition of The Saturday Weekend Review #66. Have a great week and catch me here again next Saturday with more updates.
-Mr.CBB
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Photo Credit:freedigitalphotos.net/Adam R
Wow! I’ve never heard about a bank machine making an error. Does it happen that often, does anyone know?
But for $37,000, that’s crazy… especially since there are both transactional and daily limits on ATM’s… how could it have bypassed both of those controls. I would love to know the inside story on how that happened exactly from TD. I would return the money. Crime don’t pay.
Sorry about your blog problems. I’m new to blogging and that kind of freaks me out.
Why do you want to test out the theory lol…. you are right …crime doesn’t pay!
That’s a good question. I’d try to return it, but don’t know how I would even try unless it was attached directly to a bank. When they make errors, banks are very intent on getting the fruits of their errors back, so even in that regard it makes sense to return it.
For that matter, I don’t know what I would do if I get too LITTLE cash from the ATM. These are both things I should probably find out…
I think it’s one of those things that we don’t think about until it happens.
That’s so crazy about the ATM. I think if it started shooting out tons of cash at me, I would freak out, because I’d initially assume it was trying to take it out of my account and I was about to get a MAJOR overdraft fee.
Honestly, if it was like $100, I’d probably check my balance in a few days to see if it had come out of that, and if it hadn’t, I’d probably just keep it. Which isn’t super ethical, but it’s also not my problem the ATM is jacked up and I’m not wasting time out of my day to return the cash. I also feel like if I returned the cash before I knew for sure if it was coming out of my account or not, that the bank would possibly screw up fixing the whole situation on their end… what can I say, I have trouble trusting “the man.”
When we were in Iceland the lady in front of us at the ATM totally forgot to take her cash when she walked away. Of course we called out to her though.
I’ve definitely picked up the balance slip from an ATM thinking it was mine but it was from the person before me – only takes a second to click when you realise the account has wayyyy more $$ in it than yours does.
That’s another good point I never mentioned. Many people actually forget the money at the ATM.
Depends on the amount of money, and if I was using a local ATM or if I was travelling. At the moment, I have a love/hate relationship with them. I will never deposit cash into them. On two occassions I deposit around $1000 and $200 wasn’t recorded. They tried to say, the money wasn’t there. I asked for an investigation…and they still backed up their ‘workers’ who count cash. Now I electronically transfer funds, or use cheques,or go into the bank branch, if I want deposit cash.
At the moment ..the bank owes me $400 in lost funds.
If I find money in a store, street, or anywhere that I can’t determine who the owner is, it is mine.
The time I did find a wallet, it didn’t have any cash, but it did have ID. .I contacted the RCMP. It was eventually returned to the owner.
Good deal on the raspberries. For a container, that size, at the local supermarket here (Australia) they wanted $9.99.
They may have somebody buy them, but not me 🙂
Ouch I’d be very upset if money went missing that I put into a bank machine and probably why some people prefer to go into a bank. The price of raspberries are very high wow….mum and dad said prices of grocery back in the UK have went up quite a bit since I left but I’m not surprised.
It was 2 different banks that I still deal with. Really, you never have any proof you deposited it, if they say you didn’t.
It’s funny, we can buy bananas cheaper in Canada, than here, where they grow them. Their wages are far too high here, and a lot of the big companies are starting to close their doors. I expect a recession here soon, if they don’t get their financial house in order. They do a new government now, and they are cutting spending,…finally. Because of the last government reckless spending, they said it will take a minimum of 10 years to balance their budget….sorry, going off topic
That is true and I always wondered about that. You could put in an empty envie and you’d have to prove it. I don’t know how they go about solving those problems. What are the wages like?
ATM-They told me they video record all employers opening the envelopes deposited.They have 2 people to ensure they are honest. If you have 2 dishonest workers, working in cahoots, not much we can do about it.
Every job is under a certain classification, and the employer must pay that, at a minimum.Teenagers, are permitted to be less, but it is still around $16 hr. There are exceptions, but generally, if you work on weekends, holidays, evenings, and night shifts, your wages can be 1.5-2 X the normal wage.
So someone working in a restaurant or shop could be making $35-$50 hour. On top of this the employer is required to pay into their Super Annuation (pension). Workers get 4 weeks paid vacation.
Part time and casual workers are paid a bit different. Usually it is more, but their job can be terminated easier.
WOW that’s some good money coming in. Do you get any type of benefits? I miss all my vacation in the UK which was 5 weeks as basic.. not here it’s 2 and takes years to get up to 5 weeks some up to 15 years. They should be taping the employees who work so they have something to fall back on. My cousins and auntie live in Australia.
Not sure of the benefits. I know they are trying to get similar maternity / parental leave benefits as in Canada.
My husband and I make most of our income from our rental properties in Canada…we vacation ( very cheaply) for 7.5 months a year in Australia. I’m Canadian and my husband is Australian.
I`d be turning the money back in…. I would’t be able to sleep otherwise… I have lost count of the number of times I’ve walked up to the ATM and there has been that piece of paper hanging out of the slot. I just grab it and stuff in the waste slot where it belongs. I tend to be too busy minding my own business to worry about some one else’s. The odd bit of change I see on the sidewalk I will pick up as well as beer bottles and cans. It cleans things up a little and it’s a dime in my pocket.
Angela got some nice deals there!!! I need to look into those PC points, especially if we move back to town as I would be shopping at NF a lot more than I do now.
Glad to hear you are feeling better!!!! Have a good weekend…..
If this were to happen to me, I’m sure I’d also be spending the money in my head in the ‘thrill of the moment’, though of course I would go to the bank and return it the next day. I probably wouldn’t turn in money I had found in the street, but I guess that’s a different situation.
I would hand the money back! I would feel too guilty if I didn’t! 🙂
it’s not worth the trouble that’s for sure you would be doing the right thing.
Thanks for having me on your blog Mr. CBB! Cheers! 🙂 Morgaine
You’re welcome Morgaine, thanks for stopping by.