U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Current Events
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old Yesterday, 10:19 PM
 
Location: Panama City, FL
3,250 posts, read 980,453 times
Reputation: 1127

Advertisements

Quote:
Originally Posted by rstevens62 View Post
Yes, when the tables are turned, the banks are immune from criminal charges! I guess corruption pays better than regular crime.
Of course, and clearly if you are a working poor, you will not get away with being a theif, but if you are the President of the United States, you can just continue to rob and pillage the taxpayers day after day. Unreal how stilted our justice system is. Not that I think these people should get away with their crime, but how about we also indict the rich and deeply corrupt robber barons for their crimes as well!
Reply With Quote Quick reply to this message

 
Old Today, 04:46 AM
 
Location: Mount Airy, Maryland
10,683 posts, read 6,088,785 times
Reputation: 16776
Quote:
Originally Posted by kell490 View Post
If the bank debits money from your account by mistake won't give it back it's a civil matter you have to file a lawsuit to get it back. If you use their money which was given to you by mistake it's a criminal charge because banks have special laws in place.
Do you have a link to support this comment? I tried a search and found nothing that says should a bank make a clerical error and mistakenly deduct funds from your account they will not correct the error forcing litigation and years of delays. Sorry I just find this hard to believe.
Reply With Quote Quick reply to this message
 
Old Today, 05:31 AM
 
10,272 posts, read 8,395,264 times
Reputation: 14116
If I saw this in my checking account I would move that amount into the highest interest account that does not have a closing financial penalty for closing account and then pocket any interest earned once the bank comes calling to collect.
Reply With Quote Quick reply to this message
 
Old Today, 06:16 AM
 
21,510 posts, read 17,065,776 times
Reputation: 40081
Quote:
Originally Posted by kell490 View Post
If the bank debits money from your account by mistake won't give it back it's a civil matter you have to file a lawsuit to get it back. If you use their money which was given to you by mistake it's a criminal charge because banks have special laws in place.
I would not think it would normally come to a lawsuit, if itís a provable bank error they are normally going to correct it. Also it was not the banks money they put into this personĎs account, it was another account holderís money. And yes, itís theft to keep something that you know wasnít yours. Thatís not the same as a mistake.
Reply With Quote Quick reply to this message
 
Old Today, 06:17 AM
 
21,510 posts, read 17,065,776 times
Reputation: 40081
Quote:
Originally Posted by RainMusic View Post
Of course, and clearly if you are a working poor, you will not get away with being a theif, but if you are the President of the United States, you can just continue to rob and pillage the taxpayers day after day. Unreal how stilted our justice system is. Not that I think these people should get away with their crime, but how about we also indict the rich and deeply corrupt robber barons for their crimes as well!
This I agree with you on. But it has nothing to do with the situation.
Reply With Quote Quick reply to this message
 
Old Today, 06:52 AM
 
Location: Arlington, VA/Washington, DC
23,841 posts, read 33,780,684 times
Reputation: 32731
Quote:
Originally Posted by rstevens62 View Post
Isnt this why the banks carry insurance?



If it was the banks fault, the insurance should be on the hook, its found money to the people whose account it was accidentally deposited in.
Bank insurance through FDIC is for the bank failing so account holders donít lose their funds.

As someone who worked in banking 11 years, if this happens to anyone, let me assure you that the bank will find and correct the mistake through any means necessary. They took a completely legal action of overdrawing the couples account to return the funds to the correct owner. The couple committed a crime by not cooperating with the bank on returning what was spent.
Reply With Quote Quick reply to this message
 
Old Today, 09:09 AM
 
3,805 posts, read 3,553,829 times
Reputation: 9072
Quote:
Originally Posted by victimofGM View Post
If I saw this in my checking account I would move that amount into the highest interest account that does not have a closing financial penalty for closing account and then pocket any interest earned once the bank comes calling to collect.
What if the bank comes calling to collect 5 minutes after you transferred the money? You're violating the law already by utilizing property that is not yours. Potentially, you could get in pretty big trouble.

Personally if I noticed a deposit that wasn't mine, I'd immediately contact the bank and report the error. It's the only legal and correct action you can take.
Reply With Quote Quick reply to this message
 
Old Today, 09:25 AM
 
Location: San Francisco Bay Area
12,934 posts, read 15,334,473 times
Reputation: 12505
It happened to me once. My bank accidentally deposited $2500 into my checking account.
I kept the funds in there, as I knew they would eventually discover their mistake. 3 months later, they withdrew the funds.
Reply With Quote Quick reply to this message
 
Old Today, 09:33 AM
 
Location: Western MA
1,642 posts, read 1,085,083 times
Reputation: 4320
I had this happen to me a couple of times, years ago. A couple of K though, not anywhere near 120. Anyway, I remember one of the times actually arguing with the bank that the money wasn't mine. They insisted it was. Sure enough, they eventually realized the error and removed the money. It took a while though, maybe a couple of months.
Reply With Quote Quick reply to this message
 
Old Today, 10:28 AM
 
Location: Mount Airy, Maryland
10,683 posts, read 6,088,785 times
Reputation: 16776
Is it just me or does a race car, an SUV, two four-wheelers, a camper, a car trailer as well as $15,000 to a friend along with other misc purchases and paying off bills seem to add up to more than $120,000?


I do feel badly for the kids.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Current Events
Follow City-Data.com founder on our Forum or

All times are GMT -6.

© 2005-2019, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top