Give the money back
A northwest Indiana bank scored big branding points when they returned a deposit.
A patron tried to deposit two $1,000 bills into her savings account. No one in the American Savings bank had seen bills of that denomination before, so they did some sleuthing.
It turned out that the circa-1934 bills were worth between $3,500 and $4,500! What did the bank do? Gave the money back.
"We explained it would be to the best interest of everybody if the customer picked up the bills and sold them to get a higher return," bank president Mellon said.
Imagine the positive press this generated! Plus the bank will likely receive a larger deposit when the bills are sold.
When faced with a situation where you'd receive small monetary compensation or big payback in your brand, it's almost always best to give the money back.
Source: NWI Times
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