ed
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Registered: 10th Sep 03
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I've heard of overpayments happening before but  http://j.mp/iekyWn
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Whittie
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Registered: 11th Aug 06
Location: North Wales Drives: BMW, Corsa & Fiat
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I would have withdrawn it all and hope they never noticed tbh 
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Lawrah
Premium Member
Registered: 25th Dec 04
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Would he get to keep the interest ?
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ed
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Registered: 10th Sep 03
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I couldn't see why the company could make a claim on the interest, would be interesting to find out!
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whitter45
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Registered: 15th Nov 02
Location: Norton
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he would have always had to repay it so probably done himself a huge favour in owning up
No way could the company claim any money he might of made on interest or investment
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Whittie
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Registered: 11th Aug 06
Location: North Wales Drives: BMW, Corsa & Fiat
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How much would £2Mill make in 24 hours in Interest then?
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spencer88
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Registered: 6th Oct 08
Location: cornwall
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I think the company should give him a bonus for being so honest!
24 hours later I would of been living the good life on some remote Island!
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Twiggy
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Registered: 15th Oct 04
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£2m @ 1.8% for 1 month is £3k...
[Edited on 28-02-2011 by Twiggy]
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Robbo
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Registered: 6th Aug 02
Location: London
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quote:
Originally posted by Whittie
How much would £2Mill make in 24 hours in Interest then?
most liekly zero as the majority of UK current accouitns no longer pay injterest 
and as whitter45 said, the company can make no claim to the itnerest he may have earned as they paid him by mistake, he did not take the money by deceit
tbh whitter45s post FTW
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Robbo
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Registered: 6th Aug 02
Location: London
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quote:
Originally posted by Twiggy
I am sure 1m is about 30k a mth...
more like 30k a year, and that was some years back. very little these days given int rates
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ed
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Registered: 10th Sep 03
User status: Offline
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Considering as I'm getting something gash like 0.5% on my ISA, absolutely fuck all if it was in his current account for a day or two.
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Fro
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Registered: 20th Jun 06
Location: Rainham, Essex Drives: A3 2.0TDi Sport
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Capita do this all the time, and people spend the money.
they then get phonecalls and letter/solicitors if it goes that far.
Majority pay something like £1-10 a month when they owe a good few hundred if not k's.
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Twiggy
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Registered: 15th Oct 04
User status: Offline
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quote:
Originally posted by Robbo
quote:
Originally posted by Twiggy
I am sure 1m is about 30k a mth...
more like 30k a year, and that was some years back. very little these days given int rates
edited
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Robbo
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Registered: 6th Aug 02
Location: London
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there are some very very odd rules regarding overpaid wages.
i inadvertantly overpaid someone £1,350 when i sued to do payroll and we had a nightmare gettign it back as the woman claimed to have legitimately assumed it was a bonus and made an overpayment to her mortgage, ie coudlnt get the money back. we eventually got it back via the princely sum of £13.50 per week
then she got made redundant and we claimed it all back 
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whitter45
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Registered: 15th Nov 02
Location: Norton
User status: Offline
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quote:
Originally posted by Robbo
there are some very very odd rules regarding overpaid wages.
i inadvertantly overpaid someone £1,350 when i sued to do payroll and we had a nightmare gettign it back as the woman claimed to have legitimately assumed it was a bonus and made an overpayment to her mortgage, ie coudlnt get the money back. we eventually got it back via the princely sum of £13.50 per week
then she got made redundant and we claimed it all back
yes for small amounts you can arrange for payment over a period
However if it was 2m I would assume they would want it back in one go and the person would have been daft to spend even a tiny amount of the 2million as its clearly an error
[Edited on 28-02-2011 by whitter45]
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Robbo
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Registered: 6th Aug 02
Location: London
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oh yeah def, in this case, theres no way you coudl assume it was a mistake
the rules centre aroudn the legitimacy of the overpayment for one and seocndly whethere you still have the money... so the daft notion of spend the overpayment ASAP isnt necy so wrong. although spend it viapaypal to a mate or relatvie etc rather than down the bookies
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mwg
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Registered: 19th Feb 04
Location: South Lakes
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What would happen if he'd bet the £2m on, say, Birmingham beating Arsenal yesterday, then won a shit load of money. I guess as long as he gives the £2m back he could keep the rest?
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Robbo
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Registered: 6th Aug 02
Location: London
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pass. id dare say the company woul;d have soemthign to say about him betting the money though :lol@ be well within thjeir rights to fire him
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Neo
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Registered: 20th Feb 07
Location: Essex
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quote:
Originally posted by Robbo
pass. id dare say the company woul;d have soemthign to say about him betting the money though :lol@ be well within thjeir rights to fire him
Last I saw odd's were 7/2, I think 7m in the bank he wouldn't have cared if he was sacked or not.
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Ben D
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Registered: 25th Apr 05
Location: South West
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what would have happened if he had lost the money? although it is money is it still classed as stolen property? therefore retrievable? or would he just have to pay back 2 mill in installments?
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Robbo
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Registered: 6th Aug 02
Location: London
User status: Offline
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quote:
Originally posted by Neo
quote:
Originally posted by Robbo
pass. id dare say the company woul;d have soemthign to say about him betting the money though :lol@ be well within thjeir rights to fire him
Last I saw odd's were 7/2, I think 7m in the bank he wouldn't have cared if he was sacked or not.
true treu
Ben, fuck knows! i guess he'd get done for misappropriating resources but wouldnt get the money back would it.
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Whittie
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Registered: 11th Aug 06
Location: North Wales Drives: BMW, Corsa & Fiat
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Bookies wouldn't have allowed a £2Mill Stake tbf
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Neo
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Registered: 20th Feb 07
Location: Essex
User status: Offline
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quote:
Originally posted by Whittie
Bookies wouldn't have allowed a £2Mill Stake tbf
In this hypothetical world we all live in they could have, however in reality I don't think anyone would dare touch it and tell their boss straight away ! Bit different if you are getting over paid £50 a month and not notice.
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emicen
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Registered: 26th Jul 10
Location: Glasgow
User status: Offline
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quote:
Originally posted by Whittie
How much would £2Mill make in 24 hours in Interest then?
My current account is 0.24% annually. Based on that £10.51 a day after tax.
Not bad if he fobs them off for a week before doing the return transfer.
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gazza808
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Registered: 30th Jun 08
Location: Peterborough
User status: Offline
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quote:
Originally posted by Robbo
quote:
Originally posted by Whittie
How much would £2Mill make in 24 hours in Interest then?
most liekly zero as the majority of UK current accouitns no longer pay injterest
and as whitter45 said, the company can make no claim to the itnerest he may have earned as they paid him by mistake, he did not take the money by deceit
tbh whitter45s post FTW
I'm getting 4percent interest on my current account, what would that work out on 2million for one day?
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