The interest will be minimal. I don't know, although I suspect the former. Yes, the bank makes errors, but they are not going to let you keep somebody else's money because they made an error. Seriously. this contact form
Knowitall View Profile View Forum Posts Senior Member Join Date Sep 2005 Location Behind a Desk Posts 86,985 Re: Bank error in my favor No, I caught that. 12-24-2006,12:31 PM #5 Since the original amount isn't yours and the bank can take it back if they want, but to whom does the interest accrued belong to? Gamespot Giant Bomb ComicVine Follow us Share on Facebook Share on Twitter AOL Mail Click to Open Quick Navigation Downloads Free Email Mobile Apps AIM Discover AOL MyBenefits ID Protection Travel What were they supposed to be getting for that money?
Isn't this the same as debiting them for a returned deposit item?) Anyway, I have no idea why OP's bank didn't act on his notification, but that's my two cents. Damn deadbeat. Nonetheless, the original question I had was never really answered.... "So, IS there a time limitation when the bank can no longer take it back?
I have an idea. permalinkembedsavegive gold[–]belmincour 2 points3 points4 points 1 year ago(0 children)Who will make sure you can claim the money so that they can end up with the bulk of it in fees. permalinkembedsaveparentgive gold[–]Amarkov 15 points16 points17 points 1 year ago(5 children)Well, it's not the bank's money. Bank Error In Your Favor Law You have to convince a jury that you reasonable thought 280,000 dollars just showed up on your account in a way you saw fit to go spend it.
It says we (the bank) will not hold you responsible for any errors so long as you help us fix the problem. Bank Error In Your Favor Statute Of Limitations If somebody accidentally put money into your wallet (sitting next to their identical wallet), and you took it, of course it's not yours. I'd be worried about accidentally spending part of it while waiting for it to be sorted out. What should I do?535 points · 61 comments **UPDATE** I (F, 26) put a security deposit down on an apartment.
The action is either illegal, or it is not. Bank Error In Your Favor Movie The sooner the bank can start looking into it the better. OP should transfer it out and find the best money market rate in their area...might as well make some money off of this, right? Password Register FAQ Calendar Go to Page...
Transfer it to a high interest account and accumulate interest until the error is discovered? It was drawn on USBank, so I took it there to ask about it. Bank Error In Your Favor The struggle went on for four months, generating national media coverage and providing a wealth of material for a book and the aforementioned one-man show, which Combs took first to New Bank Error In Your Favor Saints Row 2 immediately remove any liability for the funds from the client, 2.
permalinkembedsavegive gold[–]kurin 1 point2 points3 points 1 year ago(1 child)Talk to a lawyer. http://onlinetvsoftware.net/bank-error/bank-error-favor-in.php When the bank figures out the mistake and asks for the money back, all he needs to do is give the money back. Calling up and asking if you can wire someones boss 200k they forgot about is an invitation for felonious behavior. Damn deadbeat. Bank Error In Your Favor Monopoly
Opinions expressed here are author's alone, not those of the bank advertiser, and have not been reviewed, approved or otherwise endorsed by the bank advertiser. Here are three examples: one, two, three When your bank figures out their mistake - and they eventually will - you'll have to give the money back. permalinkembedsaveparentgive gold[–]lawndoe 0 points1 point2 points 1 year ago(0 children)True, that could elucidate the situation. navigate here He looked at the check, and looked at the laws of his state, and determined that the check was in fact technically valid.
Since then, millions of people have turned giddy when receiving the "Bank Error in Your Favor" card from Community Chest. Bank Error In Your Favor Forbes permalinkembedsavegive gold[–]alexanderpas 5 points6 points7 points 1 year ago(3 children)http://patrickcombs.com/95g/ permalinkembedsavegive gold[+][deleted] 1 year ago*(1 child)[deleted] [–]smarterthanyoda 5 points6 points7 points 1 year ago(0 children)No. I've dealt with this once, too, and called in the error.
I went to a credit union where I have long had a savings account and withdrew money to cover the damage to my checking account. Please offer legal information if you have it, and if you don't, keep your comments to yourself. Comment by Anonymous -- Sep 10th 2010 @ 4:40 pm Would it be unethical to stick the money into an interest-bearing account while you wait? Bank Error In Your Favor Collect 200 permalinkembedsaveparentgive gold[–]isleepinahammock 9 points10 points11 points 1 year ago(0 children)That's something I really don't know.
permalinkembedsavegive gold[–]CastingAspersions 3 points4 points5 points 1 year ago(2 children)Assuming you can find a liquid account, interest is around .2% these days. You have been warned! Or does it mean that the interest belongs to the intended recipient, and nobody bothers to pursue that claim? his comment is here He had no intention of keeping the money, but he wanted to see how long it would take to work through the process and how much crap he could give the
And you go to sleep that night with a bittersweet smile, thinking how for just a brief moment in time, you had a lot of money. I can't remember all the details but if I recollect correctly, there is some scam that starts this way too. The man owed $92 quadrillion. permalinkembedsaveparentgive gold[–]lawndoe 4 points5 points6 points 1 year ago*(5 children) Money which was credited to you by mistake is never yours.
Yes, it was a cashier's check. I'd definitely be negotiating terms if I had to pay that much. In terms of a statute of limitations, you'd have to first do something illegal (civilly or criminally).