[pikawel]

On November 4th, I deposited a check for $654.67 and took some cash out of it bringing the actual deposit to $554.67. Well, the following day, the whole check was deposited again in the amount of $654.67. I know there's a period of time where they can no longer rectify the situation.

Does anyone know what this period of time is?

 

[Edwood]

Don't worry, man.

When the bank makes a mistake, it's not their fault.

When you make a mistake, it's your fault.

Well, if you really want to keep the money, open a new account at another bank, and transfer all of your money there.

-Ed

 

[tom hankins]

They will catch it. They will correct it. You wont get to keep it. Remove all the wishfull thoughts from your mind.

 

[Nisbeth]

They will actually catch the mistake the very day after you've decided to spend the money because "They'll never know"

/U.

 

[viator122]

Quote:

Originally Posted by Edwood Don't worry, man. When the bank makes a mistake, it's not their fault. When you make a mistake, it's your fault. Well, if you really want to keep the money, open a new account at another bank, and transfer all of your money there. -Ed

I don't think the bank will know which $647 is his. When they find out they'll just correct their mistake by deducting $647 from his account. My advice would be to just let it sit there for a good long time before you even think about spending it.

 

[JMT]

Return it, it's not yours.

 

[Wmcmanus]

Let the bank know about their mistake. It's the only honest thing to do.

Even if you don't inform the bank of their mistake, they will catch it and you will still be liable for this amount. This is true even if you close your account or move the funds to another account or different bank.

 

[GlowWorm]

Keep it.

 

[gsferrari]

Inform them of the error after you make sure YOU didnt make an error and that you certainly didnt have two checks there.

Dont expect them to reward you or anything

Just give yourself several nights of sweet dreams without the guilt associated with doing the wrong thing in this situation.

 

[PinkFloyd]

Quote:

Originally Posted by JMT Return it, it's not yours.

Agreed..... honesty is ALWAYS the best policy, it took me a long time to realise it but it's true.

 

[OneMalt]

I can't believe there is even a question about what to do...give it back.

 

[pikawel]

Hey,

I appreciate the responses. However, I KNOW there is a legal limit to the amount of days they can catch their error within. I read this epic tale about a guy who cashed a junk mail fake check for $95,000 and got to keep it because they didn't notify him quickly enough.

http://www.goodthink.com/writing/vie...d=11&page_id=2

Tomorrow, it will have been two weeks since the initial deposit and one days shy of the deposit in error. The morality isn't the issue here. I want to educate myself on the legality of something like this. In the story, they said 48 hours and then mentioned a 10 day period called the Midnight Deadline. I'm more or less trying to find out if you guys know anything about a situation like this,

Thanks,
Ash

 

[bangraman]

It's time to head to Tijuana with your stash.

 

[mustang]

Keep it---it's their mistake.

 

[TenaciousO]

This happened to me before. I figured it was just a glitch in their system and that they would fix it soon enough. They did.