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Obviously not. Knowingly keeping property or currency you know doesn't belong to you is illegal. More than that, if you were found out, you could be prosecuted. yes No, mistakes such as bookkeeping errors do not invalidate ownership of property or funds. This situation is similar to faulty ATM's which have sometimes dispensed the wrong amount or the wrong denomination of bills. The business or person who made the error can sue the party who knowingly kept the funds, and recover the amount, plus legal fees and any other applicable costs. This however would be a 'status crime' and not subject to criminal charges.
What else can I help you with?
Is the money depositable into this account?
Yes, the money can be deposited into this 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.
How can I ensure that I get money deposited into my account?
To ensure money is deposited into your account, provide accurate account information, communicate with the sender, and monitor your account regularly for any incoming deposits.
What is the term for a type of account that earns interest as money is deposited?
money
What can you do if a bank puts money in your account by mistake?
put it in my account.
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.
Can money be deposited into frozen account?
Yes money can be deposited in account when frozen but cannot be taken out.
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.
What happens when money is deposited in account is it credited or debited?
deposited money is credited to your concern bank account
Is the money depositable into this account?
Yes, the money can be deposited into this 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.
How can I ensure that I get money deposited into my account?
To ensure money is deposited into your account, provide accurate account information, communicate with the sender, and monitor your account regularly for any incoming deposits.
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 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.
What is the term for a type of account that earns interest as money is deposited?
money
What can you do if a bank puts money in your account by mistake?
put it in my account.
Has a scammer deposited money into your account?
If a scammer has deposited money into your account, it is likely part of a fraudulent scheme. It is important to report this to your bank immediately and not to use or withdraw the money, as it may be reversed later.
