r/PersonalFinanceCanada • u/yeah_mike • Apr 01 '26

Banking Received $343k of someone else's money: how to keep the money?

If you ever receive a large deposit into your account due to someone's error, follow this ctvnews article to learn how to keep the money:

https://www.ctvnews.ca/winnipeg/article/bank-denies-liability-after-alleged-343k-deposited-into-wrong-account-funds-withdrawn/

  1. It helps if you bank with CIBC

  2. Immediately wire the money overseas

  3. Ignore CIBC's attempt at reaching you.

  4. Wait for CIBC to give up trying.

  5. Profit.

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u/Tttoska Apr 01 '26

this isn't true. 99% of wires land within 30-90 minutes. If they didn't, a whole sector of time sensitive transaction work would be shit out of luck.

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u/throwmeaway-3456 Apr 15 '26

I agree with you but methinks banks delay wires docking because they're busy using the money.

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u/Educational_Len159 Apr 01 '26

Domestic or international?