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If money is deposited into your account in error are you allowed to keep it?
Wiki User
∙ 14y ago
No. You know it is not yours. If you convert it to your own use, you can be prosecuted. C'mon! There ain't no free lunch!
Wiki User
∙ 14y ago
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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 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 the bank deposited into your account in error?
No, that should be reported to the bank immediately. The bank will eventually discover the error if the account holder does not and will take whatever steps needed to rectify the problem. An account holder who knowingly uses such funds is guilty of a criminal offense.
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.
Can you be arrested for money spent that were deposited into your account by mistake?
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.
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.
As a beneficiary on a savings account can you deposit money in that account?
Generally yes but remember that you are putting the money into THEIR account and they can spend the money that you deposited for any reason and you have no recourse because it is THEIR money.
How much money can be deposited into a tax free savings account?
The annual amount of money that can be deposited into a tax free savings account for 2013 is $5,500. The amount will vary depending on your country of residence.
What happens to your money on eBay?
You have to register for a PayPal account and provide the required information. Then, the account is activated. When a buyer pays for your item, the money is deposited in your PayPal account.
