If some one or a business gets extra money into their bank account that is not ment for that individual. Can they spend the money and no owe the bank any money back?
2006-11-10 08:18:49 · 5 answers · asked by Nina 1 in Business & Finance ➔ Personal Finance
No. Yahoo Finance just ran an article on this last week.
http://biz.yahoo.com/brn/061103/20010.html
2006-11-10 08:23:15 · answer #1 · answered by CPAKeith 3 · 0⤊ 0⤋
Hi, You can spend the money, but you can bet that the error will be found and you will have to pay it all back. Better to report the error to the bank or just leave it sit til they find it. Tempting though, isn't it?
2006-11-10 16:22:52 · answer #2 · answered by sunshinesue_1999 4 · 0⤊ 1⤋
Of course not. You have a moral obligation to report it. Even if there is a mistake that is caught later you will be liable for the money. Glenn Kawesch
2006-11-10 16:26:22 · answer #3 · answered by glenn kawesch 1 · 1⤊ 0⤋
The bank will catch the mistake and come after the bucks.
2006-11-10 16:23:57 · answer #4 · answered by daoco 4 · 1⤊ 0⤋
tell your bank as they will end up tracking the money down to you and requesting it back
dont be tempted
2006-11-10 16:26:33 · answer #5 · answered by schmushe 6 · 1⤊ 0⤋