My old employer who i was with for 3 months and have not been employed by for 4-5 months called me to say they accidently made an electronic funds transfer in error to my account. To the sum of $7000. What are my rights in regards to this?
I have already paid it back but was just wondering if there were legalities behind this.
2007-12-31 12:46:23 · 10 answers · asked by danni_elle 4 in Business & Finance ➔ Personal Finance
I'm glad you did the right thing without threat of legal penalty.
But to answer your question, there are legalities behind. If you know the money isn't yours you are legally responsible to return it. There have been cases where people went to jail for spending money that was accidentally credited to their account. To avoid legal penalties you would have to prove you thought the money was yours.
2007-12-31 12:57:27 · answer #1 · answered by Mystery 6 · 2⤊ 0⤋
You have no recourse. When you signed up for direct deposit, you signed a contract with "fine print" that allowed them to deposit to your account and to withdraw any money in excess or in error. They were doing you a favor by notifying you.
2007-12-31 12:50:53 · answer #2 · answered by The Jolly Doc 3 · 1⤊ 0⤋
I would sit on it. Worse than losing 10 million is owing 10 million and that's attached with a felony charge and jail time. If after a few months to a year no change, then I would start making deposits into offshore accounts in smaller increments until it was gone and high-tail it off this continent! You could afford a small army with that kinda moolah in less wealthy countries. Oh, and buy lots of bug spray.
2016-03-16 22:40:04 · answer #3 · answered by Mary 4 · 0⤊ 0⤋
You did the right thing. Aside from the fine print in your direct deposit contract, God is your judge.
2007-12-31 12:51:49 · answer #4 · answered by bakfanlin 6 · 0⤊ 0⤋
The legalities are that you must pay it back, as you have done. You are not entitled to keep monies given to you in error in such fashion.
2007-12-31 13:58:57 · answer #5 · answered by acermill 7 · 0⤊ 0⤋
yehhhhhh,,you did the right thing,,if you had spent it,,you would have been done for fraudelent,,in other words you spent the money knowing the money wasnt yours,,,
you would have got fined,,pay the money back,,pay court costs,,,criminal record
2007-12-31 12:54:22 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Of course you have to give it back--Legally and ethically.
2007-12-31 12:55:33 · answer #7 · answered by ? 1 · 0⤊ 0⤋
YES, you must give it back.
2007-12-31 12:53:50 · answer #8 · answered by Anonymous · 0⤊ 0⤋
you have to by law pay it back...
it s stealing they say..& i know you said you paid it back....
2007-12-31 12:55:46 · answer #9 · answered by ausblue 7 · 0⤊ 0⤋
it is not your money............
2007-12-31 14:23:46 · answer #10 · answered by richard t 7 · 0⤊ 1⤋