Do I have to report it first or since the bank deposited it in there saying were its from (even though I dont know were it is) Is it mine to keep?
2007-06-02 11:26:50 · 8 answers · asked by theone 1 in Business & Finance ➔ Credit
i believe it's yours to keep if your feeling generous you can go ask but i highly doubt the bank is just going to return the money without your consent so its prettie much yours now
2007-06-02 11:36:51 · answer #1 · answered by BLaze F 3 · 0⤊ 3⤋
It isn't yours to keep. There is probably some statute of limitations on the bank reclaiming it, but it's most likely a couple years.
That money belongs to SOMEONE. They'll probably miss it at some point, and it will be traced to where it got wrongly deposited, and the bank will take it back. If you've withdrawn it by then, they can come after you for the money, can sue you and win. Besides, as someone else said, it's the right thing to do to let them know rather than try to play games with it.
2007-06-02 18:42:51 · answer #2 · answered by Judy 7 · 1⤊ 0⤋
That money was probably supposed to go into someone else's account. I don't think you are legally obligated to report it, but it is the right thing to do. A bank teller deposited my whole paycheck into the wrong account once, but I caught it within a few minutes. I know I would be pretty upset if I lost my money because of the bank's mistake.
2007-06-02 18:36:23 · answer #3 · answered by lj1 7 · 2⤊ 0⤋
If your money was deposited into someone else's account what would you want them to do?
If you can say that you would want them to keep it, then by all means close the account and switch banks.
If you would want them to return it, then contact the bank on Monday and figure out the problem.
Good luck with the ethics!
2007-06-02 18:46:07 · answer #4 · answered by On the rocks 2 · 1⤊ 0⤋
I work for a major bank and THEY WILL FIND OUT! It may take some weeks, but they will trace it and take it back out of your account. The best thing to do for your account is to bring it to the bank's attention. Because if you spend it, when they take it back out of your account, it can overdraw you.
2007-06-02 21:11:05 · answer #5 · answered by None Profound 5 · 0⤊ 0⤋
Yes in Calif; you can. But someone will pay with their job when they find out who was at fault .
2007-06-02 18:39:45 · answer #6 · answered by gkmaloney 3 · 0⤊ 0⤋
Isn't this a no brainer?
If it isn't your money, tell them. It is the right thing to do.
2007-06-02 19:12:11 · answer #7 · answered by dee2zo 3 · 1⤊ 0⤋
WITHDRAW and go to a new bank...better tha lotto!!!
2007-06-02 18:31:43 · answer #8 · answered by Madisons' Mama 4 · 0⤊ 1⤋