I reported to chase bank and it seems like know big deal. I'm I liable to give back the money but they gave me know advice.
2006-08-21 04:51:56 · 26 answers · asked by Anonymous in Business & Finance ➔ Credit
check your account and see how much is in it first
if it's overdrawn you better put the extra cash back in to cover it
2006-08-21 20:01:29 · answer #1 · answered by Anonymous · 0⤊ 1⤋
Go to the nearest branch of the bank which was used for the purpose and give an application regarding malfunction of machine. Give the entire detail like date and time of with drawl and even the location of the ATM machine. Take a receiving of acceptance and keep it with you. In fact every ATM machine keeps entire record of monetary transactions. The balance is checked on daily basis. The bank must have information. Insist upon withdrawal and if if refused go to banking Ombudsman.
2016-03-17 00:40:21 · answer #2 · answered by ? 4 · 0⤊ 0⤋
No, you are actual not liable if two 20 stuck together. However, the bank think you are. So to keep from getting a hassle give the extra back to them and they can not legally charge you an overdraft fee for the Atm mistake. I got an extra $100 from a teller and returned it. About a week later, they called an said there was no mistake and deposited into my account. If they find out if their is no mistake you will get the money back with-in a week if it is a local atm. Longer if it not your banks atm.
2006-08-23 03:31:21 · answer #3 · answered by webworm90 4 · 0⤊ 0⤋
You are only WITHIN THE LAW entitled to the amount of money in your account. Anything else is a form of theft. The bank did not CHOOSE to give you the money. The money was doled out because of a computer error, or some error with the bank machine itself. Since you say that you reported getting an incorrect amount from the machine (thereby acknowledging liability), what is the problem with paying back that incorrect amount?
2006-08-21 05:00:38 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Usually, if a bank messes up on your account in your favor, they will come after you for the money.
I once saw that my bank account had over 800% of what should have been in there. Thinking I had hit the jackpot, I emptied my account, and stashed the cash at my house. Then I got a letter from the bank, stating their error, and that I had a short period of time to return the money.
So, if they let you go, consider yourself lucky, but more likely than not, they'll either demand it back, or withdraw it from your account.
Good luck though!
2006-08-21 04:59:31 · answer #5 · answered by haha 4 · 0⤊ 0⤋
Yes, technically you owe them the money. However, it may be a small enough amount that it isnt worth their time pissing you off trying to get it back. I would recommend holding onto the money for the next several months, if you dont hear anything from them, then I guess the ATM Gods were smiling upon you that day.
2006-08-21 04:58:51 · answer #6 · answered by bmwdriver11 7 · 0⤊ 0⤋
I would check your account. If they gave you too much money the chances are they took the money out of your account so you may have a negative balance. I would deposit the money into whatever account you withdrew it from. that way if it becomes an issue you can give it right back, if they never figure it out then you have some extra cash but give them a few weeks to figure it out.
2006-08-21 04:59:43 · answer #7 · answered by manundso 1 · 0⤊ 0⤋
YOU are liable if you knowingly spend the money that youknow is not yours. It is not the banks role to "give you advice" o how to spend (or not spend) money. This situation is alot like writing a check knowing it will bounce. Just because the bank sisnt tell you it was wrong DOES NOT make it right. You as a consumer are responsible for "due dilligence". You can certainly spend the money but the bank has every right to assess you any overdraft fees that apply.
2006-08-21 05:01:19 · answer #8 · answered by riommar73 3 · 0⤊ 0⤋
No one is really liable for the extra. (I'm assuming the extra came out of your account, so it's your money right?) If not, then you must have just spoken with someone who didn't understand/care b/c they would certainly want their money back. Whether you give it back or not if it isn't yours is just a question of your morals.
2006-08-21 04:58:12 · answer #9 · answered by kittyluver 3 · 0⤊ 0⤋
As an honsest person, you should return it. It is stealing to keep somthing you know you didn't pay for or earn. Their mistake doesn't get you off the hook. If more people where honset in things like this, we would pay a lot lessfor stuff!
2006-08-21 04:59:44 · answer #10 · answered by Anonymous · 0⤊ 0⤋