My boyfriend about two months ago put a check in the bank wells fargo. Please answer?

Question

he put in a check and when he checked it said he only put in 1 cent. He went in and wells fargo told him not to worry about it and they will credit his account. They credit his account a few days later but the gave him more money then what he put it. He did not catch it because he had a whole lot of money in the bank. NOw this was back in November of 2006. NOw they are asking him to repay this amount that they overpaid him back. This is not his fault right shouldnt it be the banks fualt. I mean he put his check in and the funds where not available for 3 days then they put it in isnt their fualt not his. And now they are telling him three months later. What can we do. This is not right at least this is what I feel. What can we do.

Big freaking deal this question is in the wrong section SHUT UP!! I have a baby on the way in like 4 weeeks and I am stressing out. Keep your bull to yourself. Now he did not purposley mean to keept he money he just did not realize what was going on. I feel its the banks fualt. He did nothing but put a check in. They should have never credited him more then his check.

What I mean is that they credited him 1 cent when he put in a check for 1800. Thas what I mean so instead of giving him his money of 1800 they say he only deposited 1 cent.

I never said that he should not have to pay back the funds I just feel its the banks fualt. Its kinda wrong to come after someone three months later and request them to come up with this much money within TWO Days. And to white trash or whatever you are you can keep your comments to yourself. I **** out the money you make. but to all who answered with helpfull answers thanks alot. I am just worried for him. Because Wells fargo already screwed up his account last month and they had to credit him back money this is the third time they made a mistake.

Answer 1

Hate to tell you this but I've worked at two different banks and that is their policy. Yes, banks can make mistakes but if the mistake is caught within a certain amount of time, they are not responsible for it. When you open a bank account there is paper work to fill out. And in that paper work they will give you brochures and sets of their policy. It can be in the itty bitty fine writing but it's there. When I was working at the bank, we had 6 months to find the mistake. I'm sorry that it happened to your boyfriend but unfortunately, there's not much that can be done.

Answer 2

Banks fault or not it is not his money. Didn't he see the credit after having only 1 cent and realize it was not the same amount as he deposited? You said he had a whole lot of $ but also said he just 1 cent...not sure what you mean. How much extra money are you talking? $10, $100, $1000? People, bank employees, can make mistakes, they are human too. Don't take advantage of someone Else's mistake. They could lose their job. Think about it and pay back the money. It is the honest thing to do.

Answer 3

OK..before I had my daughter, I was a banking office supervisor and handled matters as such. Did he initially put the check into the ATM? This would explain why 1 cent was credited. He may have keyed in that amount and hit enter before typing in the rest of the amount. When the error was found,the teller may have made her own error by crediting him too much. The teller probably had a large difference which either showed up that day or when the bank's back office did some balancing and auditing of their own. Unresolved teller differences of large amounts are continuosly researched at the branch level and back office level. Auditing sometimes gets involved. This is all done to recover bank loss and prevent the teller from being fired or harshley reprimanded on record. If it can be proven by way of paper trail (documentation supporting the over credit to his account), the bank is within its rights to recover that money. Just like if the tables were turned. If your b/f was looking at bank statements 3 months after receiving them and noticed an error in the banks favor and was able to support his claim with proof,the bank would owe him that money. Actually even w/o proof from your b/f,the bank would still investigate and order photocopies of his transaction.

Hope I've answered your question. If not,send me a message,I'll be glad to try and help.

Answer 4

You listed this in the wrong section.

However, your boyfriend needs to repay the money. Did the bank screw up? Yes! Did they screw up more than once? Yes! Does your boyfriend get a bank statement each month? Does he balance his account like he's supposed to? If he did, he would have noticed the error and should have contacted the bank to fix the error. He noticed when not enough money went in and I bet he knew it when too much went in. Banks do make mistakes and they have the right to fix their mistakes. No one is 100% perfect and you shouldn't benefit from someone else's error. Do you think if they accidentally put $1,000,000 in his account that he should be able to keep it? Whether its $1.00 or 1 mil, it's not his money. If your boyfriend is honest and has integrity he will return the money as soon as possible.

I just had to edit this and add this on. After reading your additional comments I can see that you are a piece of trash that thinks the world owes her for everything which is exactly why your ignorant a** thinks she's entitled to money that's not hers.

Answer 5

He needs to pay the money back. It's the only right thing to do. Why should he get to keep money that isn't his? He would have caught the error if he had balanced his checkbook against his monthly statement. I find it odd that he caught the error when not enough money went in and never followed up to make sure the correct amount was deposited. If he had, he would have known they deposited the wrong amount and he could have rectified it 3 months ago. Shame!

Answer 6

They screwed up twice, yes it's their fault and he should probably find another bank but come on, that doesn't mean your boyfriend is entitled to money that is not rightfully his and he should absolutely return the funds that were errornously credited to him. Obviously when they made the original error not in your boyfriends interest you expected them to correct it so why would you think when they make a mistake by crediting him too much that they shouldn't correct that error as well?...the bottom line is that it's not your boyfriends money and it would not be ethical for him to keep it.

Answer 7

You'll have to get a copy of the check. Go to who ever wrote up the 1800 check and ask them to get a copy of the check. Take that and the bank statements with what transpired out of that check to Wells Fargo. Sit down with someone and go throug it piece by piece. You will have to prove the bank wrong in order to be left alone on this and to do that you will need a copy or probably the actually cashed check to do this.

Answer 8

You need to repay the bank. I do wonder why you were quick to have them correct the underpayment but not the overpayment. You were responsible for both.

You seriously for the baby sake, need to calm down. I posted a question under the wrong section and got the same reaction from some people. Don't let them get to you. Just rate them a thumbs down and go on. By the way...congrats on you baby!!

Answer 9

No if ands or buts to it. The money was placed in your account you spent it, they realized it was more then you were allotted and no matter how much money one has in their account you'll always notice a drastic change in your balance,. You probably saw the extra money and thought if you spent it before they realized it you'd be ok. You will have to pay it back as the money was never yours. For you not to realize the difference in your balance it must not of been that drastic. So pay it back and move on.

Answer 10

It is illegal to obtain funds on an error.
Tell him to pay it back or the bank will take whatever action they deem necessary in order to recover their funds. That may adversely affect his credit history.
When he opened the account, one of the forms he signed was a "Waiver of Protest".....that gives the bank the right.