2007-09-12 06:34:18 · 8 answers · asked by Delay 5 in Business & Finance ➔ Personal Finance
Report it. In olden days, a bank error in your favor was, just that, in your favor. The Feds changed the law; if the mistake is in your favor, you had best report it within 30 days, or they might think you had something to do with it.
You might ask if you get to keep the interest...
2007-09-12 07:45:17 · answer #1 · answered by Nothingusefullearnedinschool 7 · 2⤊ 0⤋
Wait for the bank to catch it and want it back with 5% interest
2007-09-12 13:38:23 · answer #2 · answered by wizjp 7 · 0⤊ 0⤋
Tell the bank - they will find out in the end and if you spend it you will have to pay it back - even the interest you earn will have to be returned.
2007-09-12 13:38:09 · answer #3 · answered by totalstressor 4 · 2⤊ 0⤋
Retire immediately
2007-09-12 13:38:29 · answer #4 · answered by Raaj 1 · 1⤊ 1⤋
You report it to the bank. The bank will find out, if its an error, and your failure to correct it could expose you to federal or state criminal liability.
2007-09-12 13:40:30 · answer #5 · answered by ChinHoYang 2 · 2⤊ 0⤋
Nothing, the error may take up to 3 months for them to catch, but they will. And when they do, they will take it back.
You are best to alert them immediately.
2007-09-12 13:40:23 · answer #6 · answered by patrick 6 · 2⤊ 0⤋
Inform the bank...it is their money. Do not spend it!
2007-09-12 13:39:31 · answer #7 · answered by astralpen 6 · 3⤊ 0⤋
Hide it, go do my time in jail, then spend it slowly and wisely
2007-09-12 13:37:35 · answer #8 · answered by shallytally 4 · 1⤊ 1⤋