banking

[glfwidow2]

Money has been deposited in my checking account by accident. I have notified the bank but they still have not taken it out of my account. How long do I have to leave it there before it is legally mine?

 

[I AM ALWAYS LIABLE]

<BLOCKQUOTE><font size="1" face="Verdana, Arial">quote:</font><HR>Originally posted by glfwidow2:
Money has been deposited in my checking account by accident. I have notified the bank but they still have not taken it out of my account. How long do I have to leave it there before it is legally mine?<HR></BLOCKQUOTE>

My response:

"Bank Error in Your Favor - Collect $200.00"

Unfortunately, this is not Monopoly, and the money is never yours. Banks typically run full audits of accounts every quarter, and eventually their error will be found, if not sooner. If you spend the money, you will be held liable for reimbursement.

IAAL



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By reading the “Response” to your question or comment, you agree that: The opinions expressed herein by "I AM ALWAYS LIABLE" are designed to provide educational information only and are not intended to, nor do they, offer legal advice. Opinions expressed to you in this site are not intended to, nor does it, create an attorney-client relationship, nor does it constitute legal advice to any person reviewing such information. No electronic communication with "I AM ALWAYS LIABLE," on its own, will generate an attorney-client relationship, nor will it be considered an attorney-client privileged communication. You further agree that you will obtain your own attorney's advice and counsel for your questions responded to herein by "I AM ALWAYS LIABLE."

 

[Prairielaw]

<BLOCKQUOTE><font size="1" face="Verdana, Arial">quote:</font><HR>Originally posted by I AM ALWAYS LIABLE:
My response:

"Bank Error in Your Favor - Collect $200.00"

Unfortunately, this is not Monopoly, and the money is never yours. Banks typically run full audits of accounts every quarter, and eventually their error will be found, if not sooner. If you spend the money, you will be held liable for reimbursement.
IAAL <HR></BLOCKQUOTE>


Just wanted to say your responses are great. You are doing a heck of a service as a law professor in helping people on these message boards. I wish there were more lawyers like you.

I know there are ethical concerns about responding to consumers in a message board setting but if done correctly, I think it can be done. Heck, there is such an incredible need for help by people that feel the law is inaccessible. The internet is the perfect medium to make a positive impact on things.

Look forward to making your acquaintance some day -- even if it is only digitally.

Law on, Kevin
mailto:[email protected]

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Kevin O'Keefe
Founder & Fearless Community Leader
Prairielaw.com
"More people helping people with the law than anywhere."

 

[I AM ALWAYS LIABLE]

<BLOCKQUOTE><font size="1" face="Verdana, Arial">quote:</font><HR>Originally posted by Prairielaw:

Just wanted to say your responses are great. You are doing a heck of a service as a law professor in helping people on these message boards. I wish there were more lawyers like you.

I know there are ethical concerns about responding to consumers in a message board setting but if done correctly, I think it can be done. Heck, there is such an incredible need for help by people that feel the law is inaccessible. The internet is the perfect medium to make a positive impact on things.

Look forward to making your acquaintance some day -- even if it is only digitally.

Law on, Kevin
mailto:[email protected]

<HR></BLOCKQUOTE>

My response:

I thank you kindly, Kevin. You're not so bad yourself. I am really enjoying your terrific responses - - you just got to writing the compliment faster than I did!! We need many more attorneys on the Boards, especially from the east coast. If you know any, please let them know about us.

Just a side note to give you guys from Prairie a "heads up" - - the moderator, Mary Martin, Retired Attorney, really dislikes advertising or referrals to attorneys off this site. So, don't be surprised if she contacts you about removing your "signature lines" with your URL. She did it to me when I first started here back in January. I've been a good soldier ever since. Just thought I'd mention it to you.

Thanks again for the nice compliment.

IAAL

P.S. I don't know how I missed it, but "Colorado" was right there in the other Poster's question. So, thanks for picking up the ball after I dropped it!

IAAL

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By reading the “Response” to your question or comment, you agree that: The opinions expressed herein by "I AM ALWAYS LIABLE" are designed to provide educational information only and are not intended to, nor do they, offer legal advice. Opinions expressed to you in this site are not intended to, nor does it, create an attorney-client relationship, nor does it constitute legal advice to any person reviewing such information. No electronic communication with "I AM ALWAYS LIABLE," on its own, will generate an attorney-client relationship, nor will it be considered an attorney-client privileged communication. You further agree that you will obtain your own attorney's advice and counsel for your questions responded to herein by "I AM ALWAYS LIABLE."