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Bank Error Laws

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permalinkembedsaveparentgive gold[–]MacWac 2 points3 points4 points 1 year ago(0 children)They told me the location and it was a branch almost a days drive from where I live. permalinkembedsaveparentgive gold[–]NetPotionNr9 0 points1 point2 points 1 year ago(0 children)He's not necessarily stealing without intent on retaining. permalinkembedsaveparentgive gold[–]Lehk 19 points20 points21 points 1 year ago(0 children)If that is true, Lou Pai is friggin brilliant. permalinkembedsaveparentgive goldcontinue this thread[–]OnesNew 5 points6 points7 points 1 year ago(3 children)Take a look at Section 38-13-107 from what boathole posted above. have a peek here

It was not a secret admirer of your poetry who wanted to help a starving artist. Please click the Facebook "Share" button below this post to let others know you enjoyed reading it. The issue would eventually be resolved without punishment to you, but "eventually" can include quite a long time with no access to your money. You paid a bill from an account that had NSF to cover the payment.If you had not made an error, are you saying NY rules of prof responsibilty require you to

Bank Error Laws My Favor

Although, practically, they probably would still correct it. permalinkembedsaveparentgive gold[–]Ohuma -3 points-2 points-1 points 1 year ago(0 children)If the bank closed it's doors, the most he can get paid out is 250k. permalinkembedsavegive gold[–]kurin 1 point2 points3 points 1 year ago(1 child)Talk to a lawyer.

  1. If you're linking to a reddit post, use NP links (http://np.reddit.com/...) Please do not request to be contacted or offer to contact over PM.
  2. If OP says no, I don't have it, or no I won't give it back, then he can be charged with a crime.
  3. Do you continue following up with the bank until the mistake is taken care of?
  4. How long is too long?
  5. If you do spend it you are just going to have to give it back - possibly with penalties or jail time if you can't return the money in a timely

permalinkembedsavegive gold[+][deleted] 1 year ago(2 children)[deleted] [–]belmincour 1 point2 points3 points 1 year ago(0 children)Yes in general it is technically theft to retain cash that you know doesn't belong to you. The bank can move it out when they get their shit together, and if he doesn't have it, that will be a legal problem. Perhaps you are inadvertently being pulled into something you want no part of (money laundering, for example). If A Bank Makes An Error In Your Favor I've been lucky and have had very few, but if you're having to deal with a lot of errors you should complain.

permalinkembedsaveparentgive gold[–]Amarkov 15 points16 points17 points 1 year ago(5 children)Well, it's not the bank's money. Reporting Bank Errors permalinkembedsaveparentgive gold[–]dr_sust 0 points1 point2 points 1 year ago(0 children)What happens if this LLC goes out of business? ANightShopper Silly Member posted: Nov. 16, 2007 @ 2:28a RedCelicaGT said: RETIREAT52 said: I guess thats why they have insurance! If I had to guess, I'd say that they asked the LLC to confirm the transfer, and the LLC for some reason hasn't responded yet.

permalinkembedsavegive gold[–]AUGA3 3 points4 points5 points 1 year ago(0 children)The only truly "safe" way to take the money is to file an action in court, then you try to get a judgment granting Bank Error In My Favor Search for: Archives Archives Select Month April 2016 (1) February 2015 (1) September 2014 (2) April 2014 (2) March 2014 (2) February 2014 (1) November 2013 (1) October 2013 (1) June You'd never get convicted for something like this. permalinkembedsavegive gold[+]Jibaro123 comment score below threshold-10 points-9 points-8 points 1 year ago(0 children)They will find the m istake permalinkembedsavegive goldaboutblogaboutsource codeadvertisejobshelpsite rulesFAQwikireddiquettetransparencycontact usapps & toolsReddit for iPhoneReddit for Androidmobile websitebuttons<3reddit goldredditgiftsUse of this

Reporting Bank Errors

Don't Move the Bank's Money Don't be tempted to move the money to your brokerage account so you can make some nice interest or buy one of your favorite stocks. The sooner the bank can start looking into it the better. Bank Error Laws My Favor Five years ago, my visa bill posted a $7,500 credit to my account rather than someone else's account (my assumption that it was supposed to be posted somewhere). Bank Statement Errors OP should transfer it out and find the best money market rate in their area...might as well make some money off of this, right?

Statutes of limitations only affect whether you can be sued or prosecuted for it; there's no statute of limitations for the bank taking the funds out of your account, since they navigate here Is this correct? James Thomas M. In order to be protected under both laws, you can't just pick up the phone and call the bank; you must also put your complaint in writing. Bank Error In Your Favor

You may be contacted via Private Message during the investigation of this issue. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you go to AttorneyPages.com and retain an attorney to Note that these situations definitely don't always indicate fraud, but they definitely do indicate an environment where fraud is much less likely to be detected. *With all that said, I have Check This Out permalinkembedsaveparentgive gold[–]john1836[S] 2 points3 points4 points 1 year ago(9 children)Thank you.

I am grateful to my bank for their service. "Might you perhaps be willing to address this subject of errors by banks and how one can protect oneself? Bank Made An Error In My Favor I would, as others have suggested, notify the bank again but document this -- i.e. Share deals, money-saving tips, and more.

it was pretty cool seeing an extra half million on my account...

Found property and found instruments to be deposited with police; penalty for failure to deliver to police; delivery to persons in possession of premises where found1. Criminally (the one I'd personally be more worried about), you're looking at years before the state could no longer prosecute due to the passage of time. To me, this seems like a reasonable expense to me, after all, someone just dumped the money on him. How Long Does A Bank Have To Correct An Error permalinkembedsaveparentgive gold[–]Bagellord 9 points10 points11 points 1 year ago(4 children)Just seems odd.

The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Get a new debit card, cancel the old card. A consumer rights lawyer can help with a banking or billing dispute that goes beyond the simple formalities outlined above. http://sovidi.com/bank-error/bank-error-in-your-favor-laws.php Termidor (325)How Much Should You Pay a Babysitter? (284)Ethanol Blended Gas = Lower Mileage? (272)Reduced Credit Limits?

It appears you forgot to include your location in the title or body of your post. A large major bank too! Hide Shopping Earn Cash Back while you shop - just 3 simple steps. 1. But it doesn't, generally, do much for the consumer," says Mierzwinski. "Banks don't have a soul.

I'm single and have few bills, and changing banks is going to be difficult enough. WHAT WILL HAPPEN?Archived From: Finance Page : 1 Text Only RETIREAT52 New Member Voting History rated: posted: Nov. 15, 2007 @ 9:44p I closed out a checking account last week. He tells lies without attending to it, and truths without the world's believing him. Top Ranking Attorneys Last 30 days All Time Gregory Abbott 77 Answers|Points 800 Silver Contributor Anne Brady 940 Answers|Points 500 Platinum Contributor Joanna Mitchell 11 Answers|Points 350 Bronze Contributor Terence Fenelon

Knowitall View Profile View Forum Posts Senior Member Join Date Sep 2005 Location Behind a Desk Posts 86,985 Re: Bank error in my favor No, I caught that. 12-24-2006,12:31 PM #5 I called that bank and told them as I wanted it our of the account.