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#2256604 - 07/13/21 03:02 PM Bank Error- Deposit to incorrect account
Anonymous
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If a bank teller makes a deposit into an incorrect account- and that customer spends the money, are we within our rights to debit that person even if it causes an overdraft? We already fixed the other customers account. Thank You!

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#2256607 - 07/13/21 03:20 PM Re: Bank Error- Deposit to incorrect account Anonymous
rlcarey Offline
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Galveston, TX
Of course you are.
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#2257098 - 07/23/21 01:04 PM Re: Bank Error- Deposit to incorrect account Anonymous
Anonymous
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And you are within your right to close the customers account where the deposit was accidentally credited.

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#2257099 - 07/23/21 01:10 PM Re: Bank Error- Deposit to incorrect account Anonymous
Skittles Offline
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Skittles
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TN
Article Here

I saw this article recently about a couple spending $120,000 deposited into their account in error. Thought you might find it of interest.
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#2257102 - 07/23/21 01:52 PM Re: Bank Error- Deposit to incorrect account Anonymous
Rocky P Offline
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#2257222 - 07/26/21 08:11 PM Re: Bank Error- Deposit to incorrect account Anonymous
John Burnett Offline
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John Burnett
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Cape Cod
"Finders, Keepers" is a myth.
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#2257249 - 07/27/21 04:42 PM Re: Bank Error- Deposit to incorrect account Rocky P
HappyGilmore Offline
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Pulling people out of the ditc...
Originally Posted by Rocky P
this one is in my neck of the woods. and would you believe the number of people that have rallied behind her demanding she not be prosecuted? a go fund me was also opened, but subsequently closed when they found out it was opened to help her pay back what she already spent...sheesh
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#2257748 - 08/05/21 07:38 PM Re: Bank Error- Deposit to incorrect account John Burnett
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Originally Posted by John Burnett
"Finders, Keepers" is a myth.

Of course it is the RIGHT thing to do, but.....

Is there verbiage when you open a new account in relation to an incident like this? I've looked through ours (albeit briefly) and can't seem to find anything.....

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#2257750 - 08/05/21 07:56 PM Re: Bank Error- Deposit to incorrect account Anonymous
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 77,570
Galveston, TX
It does not have to be - it is called unjust enrichment in legal terms. You cannot keep anything that you have no right to.
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#2257753 - 08/05/21 08:07 PM Re: Bank Error- Deposit to incorrect account Anonymous
burkemi Offline
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Joined: Nov 2013
Posts: 479
Not to put too fine a point on it, but... to put a razor fine point on it, did you browse either of the articles? There's potentially a whole lot of trouble waiting. So unless that's what you're looking for, not only is it the right thing to do, it's really the only thing to do.
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#2257757 - 08/05/21 08:19 PM Re: Bank Error- Deposit to incorrect account Anonymous
HappyGilmore Offline
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Joined: Jun 2004
Posts: 19,334
Pulling people out of the ditc...
Originally Posted by Anonymous
Originally Posted by John Burnett
"Finders, Keepers" is a myth.

Of course it is the RIGHT thing to do, but.....

Is there verbiage when you open a new account in relation to an incident like this? I've looked through ours (albeit briefly) and can't seem to find anything.....
then i would suggest a conversation with your bank's legal counsel concerning wording that should be included.

we have language in ours concerning "bank errors" and our ability to reverse errors from accounts
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#2257787 - 08/06/21 04:15 PM Re: Bank Error- Deposit to incorrect account HappyGilmore
Anonymous
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Just Google "bank deposit error" and you will see the myriads of articles outlining the consequences when people thought it was their money to spend!

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