I just gave away $16K

[HappyAnika]

This reminds me of the card in Monopoly that says "Bank error in your favor, you get $5" (or $16,000!!!). Big difference, obviously. You did the right thing. You don't want that bad karma.

[Duck on Wheels]

You did good. I've done the same in similar circumstances, though never with such a large amount. I've also been on the other end, as the person who's had some money (about $7000) overpaid out of my account. Luckily for me, the "lucky" recipient returned it. Whew!!!

What strikes me here is that in a store when I tell the cashier (s)he's made an error in my favor and return the $5 or whatever, I get a biiiig thank-you right away. Here you report 16 thou that they were bound to miss somewhere down the line, and all you get is half an hour of wait-muzak and a verbal shrug??? What's with that?

[Bikingmomof3]

You did the right thing. I agree, switch banks as soon as possible.

[chickwhorips]

yes you did the right thing. explains where my $16K went.