Bank error in your favor. Spend it, Pass Go and go directly to Jail (1 Viewer)

[rockaction]

Also, I had a similar issue happen to me a few years ago with the IRS. They mistakenly sent me a check for several grand based on some over-payment "I" had made. I called the IRS the day I got the check and was given info for returning it uncashed and did so ASAP. A couple years later I didn't get a check I was expecting, contacted them and found out they had frozen a bunch of my stuff because I "owed them" for the check they had incorrectly sent me. 

It was a true PITA to get them to fix their own mistake when I had already correctly it once. For the record, the IRS doesn't have a sense of humor. I joked to one representative at one point that t would have been a whole lot easier if I had just kept the money in the first place and was informed I'd be on my way to jail if I had. People should lighten up, IMO. They did eventually give me the money they owed me, plus interest. 

IRS agents are pretty much the bottomfeeders of humor, common sense, and boundaries of what good governance is or means. Of course, they also deal with tax cheats all the time, so there's that. But never, ever piss off an IRS agent or get them after you. They're particularly nasty. That's why an old [blank] of mine suggested setting a fund called the Madison Fund, set up by wealthy people, to help people not so wealthy fight their court cases against administrative agencies. Keep on dragging out the costs of the trial and hit them where it hurts -- in the pocketbook, went his reasoning.

My reasoning is that they'll just tax you more to prosecute the cases, so why bother? 

 

[The Iguana]

And back to the first point... unless something drastic has changed in the last 8 years (when I left the industry), bank errors in your favor and out of your favor happen daily - and that's just automated back-end processing. I can only imagine the errors made by tellers doing things manually. 

 

[Weebs210]

I read a story recently where the bank accidentally deposited 120k into a man's account so he invested it and when the bank called for it back he gave it back and kept the interest. That is the shark play.

 

[MikeMan]

I read a story recently where the bank accidentally deposited 120k into a man's account so he invested it and when the bank called for it back he gave it back and kept the interest. That is the shark play.

This happened when I worked for a credit union. Over $140k was deposited in error and sat for well over a year before being found. I got the pleasure of calling the account owner and he was like 'yeah - I figured it would be taken sometime.' 

Unfortunately, I don't remember what we did with the interest. I'd be fine with him keeping it because saved me some headache vs. him spending or hiding it like this couple. 

 

[Captain Cranks]

If you read some of the comments on this couple, they have six children and are on SS disability and welfare. 

The bank tried to contact them regarding the error. The couple admitted the money was not their's and supposedly said they would work out a payment plan. They then cut off all contact with the bank. I am guessing this is what initiated the criminal charges. This will be a slam dunk felony conviction. 

Not if rockaction has anything to say about it.  He's not giving up until the fat-fingered teller is in cuffs.