The bank gave me a deposit by mistake, and I have made an earnest attempt to get them to take the money back. Moneyist, what should I do next?
Last month, I deposited a check into my checking account. The bank teller accidentally put one too many zeros on the amount of the check, giving me a deposit of almost $10,000 instead of almost $1,000.
However, I have made an earnest attempt to get the bank to take their money back, so I was wondering if at any point or time the money would become legally mine.You can email The Moneyist with any financial and ethical questions related to coronavirus at [email protected], and follow Quentin Fottrell on Twitter.
There are statutes of limitations on certain crimes and personal debts that vary by state, but no crime has been committed here, and you have not broken a contract with the bank over money owed. These funds belong to the bank, so you would have a very difficult time persuading a judge that a statute of limitations applies here.
Check out the Moneyist private Facebook group, where we look for answers to life’s thorniest money issues. Readers write in to me with all sorts of dilemmas. Post your questions, tell me what you want to know more about, or weigh in on the latest Moneyist columns.• ‘I just don’t trust my sister’: How do I gift money to my nieces without their mother having access to it?
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
3 key differences between a Roth 401(k) and a Roth IRARoth accounts allow for after-tax savings in 401(k) plans and individual retirement accounts. But there are some big differences between the two.
Read more »
These Adjustable Dumbbells Are Perfect for At-Home WorkoutsIt's basically like having your own weight room.
Read more »
Does My Baby Need a Bank Account?On Slate’s parenting podcast, Mom and Dad Are Fighting: What are you supposed to do with your baby’s monetary gifts?
Read more »