2007-03-06 12:31:15 · 12 answers · asked by Anonymous in Business & Finance ➔ Credit
Yes, they do. There was a case not too long ago where a guy had a bank error and his account showed $10,000 more than he really had. He closed the account out, took the money and was refusing to give it back when the bank caught the error a couple days later.
He was charged with grand theft and spent time in prison for it.
2007-03-06 12:43:14 · answer #1 · answered by Faye H 6 · 0⤊ 0⤋
I work at a bank and the answer is yes and no..once the money is withdrawn from the bank acct, the acct holder does not have to give the money back, now , if you catch the error before the money is withdrawn from the acct and the bank finds the error, they must return the money. Most banks however will return the money on their behalf as courtesy to the cust if the error was made on their part... now if the amt is extreme..than thats a diff story..authorities will intervene and the money will be returned..non negotiable
2007-03-09 16:41:50 · answer #2 · answered by *u are beautiful in his eyes* 2 · 0⤊ 1⤋
Yes. Banks are fully protected against their errors. Technically, you are stealing from them... It is the equivalent if an ATM machine gives you more than it says it does (like if 2 $20 get stuck together or whatnot). There is a precedent for this, and the individual always has to pony up the cash.
2007-03-06 20:36:42 · answer #3 · answered by happybostonian 2 · 0⤊ 0⤋
The legal owner can ask the bank to return their property, which with proof, the bank will comply or the courts will order . . .
$$$$ deposited by accident ? What kind of BS is that ?
2007-03-06 20:48:52 · answer #4 · answered by kate 7 · 0⤊ 0⤋
Yes, you can be forced to give it back. I've had it happen to me, and I work for a bank. The "bank error in your favor--collect $$" card only gets played in Monopoly, not in real life. Sorry!
2007-03-06 20:39:51 · answer #5 · answered by Mommy2myangelMark 4 · 0⤊ 0⤋
i think so. if it was deposited in your bank account by accident your best bet is to notify the bank of their error. i know this sucks but it's better than the alternative and maybe the bank will reward you for your honesty. best of luck!
2007-03-06 20:34:23 · answer #6 · answered by smileco2004 3 · 0⤊ 0⤋
Yes, if the money was not supposed to go to you, it needs to go to the person it was intended to go to.
2007-03-06 22:59:53 · answer #7 · answered by Mariposa 7 · 0⤊ 0⤋
YES,,
Its not their's..
and LAW says its must be returned..
2007-03-06 20:35:47 · answer #8 · answered by cork 7 · 0⤊ 0⤋
Yes, it's not your money!
2007-03-06 20:34:22 · answer #9 · answered by Nette 5 · 0⤊ 0⤋
yes, for sure
2007-03-06 20:57:05 · answer #10 · answered by bajllc 2 · 0⤊ 0⤋