Free money?

Oct 30, 2020 10:55 AM

dramedylife

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3272

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75

Dislikes

4

So this is what's happening: a former employer has their account still active with the weekly payment. For the last two weeks I received a payment every Thursday night for a total of 15 hours.
I texted them on Tuesday and asked to stop the payment and how I could reimburse. I didn't hear a thing.
What I should do?
Yes, free money are nice especially now, but this would bite me back in the future, right?

Update: The former employer texted me back, he thanked me for my honesty and my hard work and he told me to keep the money.

Just leave it in you bank and don't spend it. Their accountants will eventually catch it and come get it

5 years ago | Likes 8 Dislikes 0

If you have direct deposit, they can pull the money back out of your account. Don’t spend it.

5 years ago | Likes 2 Dislikes 2

I’d that while you try to get ahold of them to find out how to pay them back put the money in a savings act. to earn a little interest on it

5 years ago | Likes 2 Dislikes 0

Daily compound interest. Make it make money till they ask for it back if they ever do. I'm not sure if there is a statute on repayment or no

5 years ago | Likes 2 Dislikes 1

Get all you can, then run away!

5 years ago | Likes 1 Dislikes 0

Taco Bell. So much Taco Bell. Just kidding, do what the other user said, set it aside.

5 years ago | Likes 6 Dislikes 0

[deleted]

[deleted]

5 years ago (deleted Nov 18, 2020 3:16 AM) | Likes 0 Dislikes 0

No, it was only a hourly payed job. Means at the end of the week I'd have sent the hours and they would pay.

5 years ago | Likes 2 Dislikes 1

Or in the same vein maybe it’s some paid time off that they owe you?

5 years ago | Likes 4 Dislikes 0

Crack and hookers

5 years ago | Likes 3 Dislikes 3

Italian cheese and Spumante.

5 years ago | Likes 3 Dislikes 1

Set it aside and wait. Could luck out and it not be worth their time to get it back

5 years ago | Likes 2 Dislikes 1

Even if they say keep it, it’ll still be taxable income. Best keep that in mind too.

5 years ago | Likes 3 Dislikes 0

Yes, I pay already taxes on that. And right now I am not working.

5 years ago | Likes 1 Dislikes 1

I'm a payroll manager. They have a legal right to reclaim overpayments, though you have the right to determine reasonable repayment terms.

5 years ago | Likes 3 Dislikes 0

Set it aside. Just kidding, do what the other user said and get taco bell. So much taco bell

5 years ago | Likes 4 Dislikes 1

Never tried Taco Bell.

5 years ago | Likes 1 Dislikes 1

Yeah, definitely not your money. You don’t want to have them come for it and not have it. Put it in savings, get what interest you can

5 years ago | Likes 2 Dislikes 0

Set it aside and when they ask for it back play hardball. Offer them 30% and work from there to see what they will do to aviod court. —>

5 years ago | Likes 6 Dislikes 4

Those are not "worked" money, they are not mine. So take them to court would be counterproductive to me.

5 years ago | Likes 2 Dislikes 0

No, they need to take you to court to get their money back. They would need to pay the legal fees.

5 years ago | Likes 3 Dislikes 3

This is not illegal. You are not stealing. It’s their mistake and they need to sue to get their money back. You can cut out the middleman.

5 years ago | Likes 3 Dislikes 3

Keep it in an account the gains interest. When they finally ask for it back at least you made a couple bucks

5 years ago | Likes 5 Dislikes 0

Sadly nobody's paying interest worth a damn right now. My "high interest" savings account went from 1.25% to 0.5% over the past 18 months.

5 years ago | Likes 2 Dislikes 0

Hmm, i honestly haven't checked mine

5 years ago | Likes 2 Dislikes 0

It's pretty sad. I've looked around but no one is paying a decent rate right now with the current economic situation.

5 years ago | Likes 2 Dislikes 0

I don't doubt it. I should see what my RRSPs are doing

5 years ago | Likes 2 Dislikes 0

Set it aside, don't spend it and keep records of your communication trying to get them to stop/send it back.

5 years ago | Likes 101 Dislikes 0

Should I sent another -more official- communication, like an email?

5 years ago | Likes 39 Dislikes 1

Yes, read up on what is the maximum time they can request it back and place it in an account for that long (if they so not answer next time)

5 years ago | Likes 2 Dislikes 0

Do not*

5 years ago | Likes 2 Dislikes 0

A total of 3 documented times is enough to warrant genuine and sufficient intent. You clearly did your best,a d can't be blamed.

5 years ago | Likes 16 Dislikes 0

Maybe if they keep sending

5 years ago | Likes 6 Dislikes 0

I would recommend that. Try and get ahold of payroll

5 years ago | Likes 35 Dislikes 0

What do you mean?

5 years ago | Likes 13 Dislikes 0

Whomever within the company in charge of payment.

5 years ago | Likes 16 Dislikes 0