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  #1  
Old 02-21-2005, 12:11 AM
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Bank deposit error - what shall i do?

What is the name of your state? Hong Kong

Yesterday i asked a relative to deposit 150 euros in my bank account. Today i checked the account slip and it read EU 650!!
Which means i am up 500!!! Thats alot of money.

What shall I do? Own up to the bank error or keep quiet and assume it was a bank error.

Is there any risk in keeping quiet or does the bank hold the rights to claim bank and sue me?

Thanks.
  #2  
Old 02-21-2005, 08:12 AM
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Location: Connecticut
Posts: 3,591
Quote:
Originally Posted by bricheun
What is the name of your state? Hong Kong

Yesterday i asked a relative to deposit 150 euros in my bank account. Today i checked the account slip and it read EU 650!!
Which means i am up 500!!! Thats alot of money.

What shall I do? Own up to the bank error or keep quiet and assume it was a bank error.

Is there any risk in keeping quiet or does the bank hold the rights to claim bank and sue me?

Thanks.
You must find out if this money belongs to you or not by contacting your bank. If it was an error and you spend the money, somewhere down the line the bank will discover it and debit your account. If there are not enough funds in your account to debit, then you will eventually have your account closed, you will be reported to collection agencies etc.

Believe me, clear this up now. It is not "Free Money Day" at your bank, and you will pay the consequences for taking money that does not belong to you.
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  #3  
Old 02-21-2005, 08:15 AM
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Location: Connecticut
Posts: 3,591
BTW, this site is for US law only.
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  #4  
Old 02-21-2005, 09:01 AM
seniorjudge
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Quote:
Originally Posted by bricheun
What is the name of your state? Hong Kong

Yesterday i asked a relative to deposit 150 euros in my bank account. Today i checked the account slip and it read EU 650!!
Which means i am up 500!!! Thats alot of money.

What shall I do? Own up to the bank error or keep quiet and assume it was a bank error.

Is there any risk in keeping quiet or does the bank hold the rights to claim bank and sue me?

Thanks.
keep quiet and assume it was a bank error

In the United States, this course of action is known by the quaint term stealing.
  #5  
Old 02-22-2005, 07:53 PM
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Join Date: Feb 2005
Posts: 2

Thanks

Thanks for the advice.

The laws are similar to Hong Kong when it comes to banking etc. I have contacted the bank and gave them back the money.

I did not spend the money because as you mentioned, they did notice the error during that days calculation.

Cheers
  #6  
Old 02-22-2005, 08:37 PM
seniorjudge
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Quote:
Originally Posted by bricheun
Thanks for the advice.

The laws are similar to Hong Kong when it comes to banking etc. I have contacted the bank and gave them back the money.

I did not spend the money because as you mentioned, they did notice the error during that days calculation.

Cheers
Good for you and cheers.
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