What if my bank deposits money in my account by accident and I spend it? What is my liability.?

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JR	What if my bank deposits money in my account by accident and I spend it? What is my liability.?

jwishz

You are liable for it. You will be made to repay it and potentially overdraft fees if there isn't enough in your account to cover it

XoxoxoxoX

Your liability is the dollar amount you spent that is NOT yours (period).

Sarah D

You will have to pay it back once the bank realizes this. You are fully liable.

Sharon F

you are 100% liable/responsible for paying it back...

kaush

u will have to pay it back

src50

If you knowingly spend money that you know isn't yours, you are guilty of fraud. As soon as the bank realizes the mistake, they will debit your account without warning.

La Vie Boheme

You would need to give it back. Keeping it and spending it is the same as stealing it.

T.J.

You have to give the money back.
It's the law.

kelly

you have to give back the monies.

BrushPicks

It's not your money, give it back. Or you would prefer the legal means?

jdecorse25

You have to pay it back. Their reasoning behind it is, you should know the amount that you have in your account. There are plenty of people that don't follow their account and kkep track. They look to see how much they have available to spend and they go by that. It sucks.

Hokie_Pokey

You have to pay it back plus any fees incurred for overdrafting.

It's the banks mistake for depositing it into your account. But it's not your money....It's someone elses. Basically, it's stealing.

I just saw an article on Yahoo this morning about a bank accidently depositing 2 million in the wrong account. The guy spent it and now he might have to go to jail.

Ron Diego

A personal story: Years ago, I received a check from IRS for $200., no explanation, no return address, just a check. I kept that ck on my dresser for about 6 mos., knowing it was not mine to keep. I then received a letter from IRS asking for its return, plus the interest on $200 for the period I had it. I was furious. If there had been a return address on the original envelope, it would have been mailed back instantly, and I didn't want to spend half a day dialing numbers and listening to voice messages. I knew they would finally realize their mistake and contact me. Well they did, and I paid the interest.

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