Will the bank find out and can I start writing checks to pay of credit cards? Should I tell the bank? I now have $16,200 more then I should in my checking acount.
2007-03-04 07:02:11 · 10 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Well, I wouldn't spend the money just yet. I'm sure the bank will notice it's mistake and correct the deposit. But I wouldn't tell them, God knows thy wouldn't tell you if you had put a decimal point between the 8 and the 0.
2007-03-04 07:23:36 · answer #1 · answered by william h 1 · 0⤊ 0⤋
Yes it is legal, but it is a mistake and they will find out and take the money out. It is not yours. If you start writing checks against that money, you will bounce a lot of checks.
You should contact the bank first thing on Monday and let them know of the mistake. They may give a small reward, but probably not.
2007-03-04 15:06:15 · answer #2 · answered by Matthew M 3 · 1⤊ 0⤋
Spending the money is illegal. You can get in trouble for that. Suppose the bank made the mistake the other way, credited you with $180 rather than $1,800? Would you ignore it? Of course not.
Tell them what happened - but don't expect any reward. You'll be lucky if they say thanks.
2007-03-04 15:40:34 · answer #3 · answered by Chef dad 3 · 0⤊ 0⤋
It is a mistake that the bank will reverse when it discovers it. You cannot keep the erroeously credited funds. It would be good of you to point out to the bank that they made this error.
2007-03-04 15:06:58 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Trust me, the bank will find it and take it back. Do not go spending that money. You'll be in a world of trouble if you do. Read the link below. You can be charged with theft if you decide to try to spend it all.
2007-03-04 15:13:10 · answer #5 · answered by Faye H 6 · 0⤊ 0⤋
Let them know. Federal law allows them to come after you for the money forever. However the same federal law gives you only 60 days to recover if the mistake goes the other way. Our government hard at work to protect you. (NOT) Always check your statements.
2007-03-04 15:08:56 · answer #6 · answered by chimneygod 3 · 0⤊ 0⤋
What a dishonest thought. The bank will certainly find out, but even if they didn't would you feel comfortable spending money that is not yours? shame.
2007-03-04 15:57:47 · answer #7 · answered by Anthony F 6 · 0⤊ 0⤋
Happy birthday. They are going to find out and fix it. It is not legal for you to spend it.
2007-03-04 15:54:42 · answer #8 · answered by Gone fishin' 7 · 0⤊ 0⤋
1) Yes.
2) Yes.
3) Yes.
4) No.
2007-03-04 15:20:39 · answer #9 · answered by Anonymous · 0⤊ 2⤋
i would not spend it they will realize thier mistake and you will have to give it back and if they don't then it s yours after a year
2007-03-04 15:32:09 · answer #10 · answered by bernadette d 2 · 0⤊ 0⤋