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Can you be arrested for money spent that were deposited into your account by mistake?
Wiki User
∙ 12y ago
If you knowingly spend money that was deposited into your account in error (if you KNOW it was not yours but spend it anyway), you are responsible for repayment to the bank. This might also be construed as a crime depending on the laws in your jurisdiction. It is generally both unlawful and immoral to knowingly take something that is not yours.
Wiki User
∙ 12y ago
Wiki User
∙ 14y agoNo, you can not keep money that does not belong to you irregardless of how it was received.
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Will bank hold the wire transfer fund if account number is mistaken added by extra digits?
It Depends. If there is a valid bank account including the extra digits you put in by mistake, funds will be transferred to that account. The bank will not take any liability out of this wrong transaction that arose out of your mistake in entering the account number incorrectly. But, if there is no valid account with those numbers then the transaction will be cancelled and the money will be deposited back into your account. If by chance, money got deposited into the wrong account, you have to file a legal complaint to get your money bank. The bank can only provide details of to whose account the money was deposited and will not help you out to get the money back.
If someone deposits money into your bank account without you asking and then threatens to have you arrested for not returning it Is that theft?
Yes, this is classed as theft. There has been times where money has wrongly been deposited into certain accounts, and the account holder has spent the money and then been arrested for theft.
Can money be deposited into frozen account?
Yes money can be deposited in account when frozen but cannot be taken out.
What happens when money is deposited in account is it credited or debited?
deposited money is credited to your concern bank account
Can you keep money deposited into your bank account by mistake?
You are responsible for any money that is present in your account. If you feel some transaction (a deposit) has happened in your account which you are not aware of, you must notify the bank of the same. If you happen to hold on to this money and it so happens that this money was being used by terrorists and they put it into your account by mistake, you will also be in trouble. So it is better if you intimate the bank reg. this.
Can a government cheque be deposited in an inactive bank account?
is it possible for money to be deposited in an inactive bank account
Can you keep money that is accidentally deposited in your account?
If money is put into your account by mistake and you notice this, you should tell the bank. It is not your money and you can not keep it. However, if you genuinely do not notice and happen to spend some of this money, you could make a case to the bank that you have acted in good faith and that you would suffer hardship in repaying the sum. As it will have been the banks mistake in placing the money in your account they may write off the amount....but this is not certain.
What is the term for a type of account that earns interest as money is deposited?
money
Deposited money in bank is cr or dr?
Deposited Money is termed as "CR" or "Cr" or "Credit" it is a transaction in which money is deposited or credited or added to a customer's bank account. The bank balance of the account will increase by the amount of money that was actually credited during this transaction.
What can you do if a bank puts money in your account by mistake?
put it in my account.
How is lottery money deposited into a checking account?
direct deposit
What does returned deposited item mean?
A bounced check. Probably a check that you deposited into your account was no good so the bank returned it and deducted the money from your account.
