read_connect(); //$GLOBALS[ezoic_db]->read->query("use 17things"); ?>

What happens if a bank mistakenly pays money into an account?

A transfers money from his account to B’s account (another bank), A does this via his bank, his bank mistakenly takes sum of money twice from his account. A speaks to his account and they refund the money to him as well as compensation for the mistake. In the meanwhile B has received 2 payments from A. A is now asking for sum of money from B even though he has received money back from bank. What are the legal implications for B?

Tags: , , , , , , , , , , , ,

Related Items

3 Responses to “What happens if a bank mistakenly pays money into an account?”

  1. v b said :
    August 28th, 2010 at 4:57 pm

    A has been repaid, he has no standing.
    The BANK can debit the account due the mistake and can sue B if they are not repaid.

  2. src50 said :
    August 28th, 2010 at 5:37 pm

    Forget the A-B crap. If the bank made a mistaken deposit, it will be discovered and withdrawn without notice.

  3. ang l said :
    August 28th, 2010 at 5:49 pm

    b has to pay back the money. he knew it was a mistake. he could be arrested for fraud and so could you.good luck




Message:

[newtagclound int=0]

Subscribe

Recent Comments

Recent Posts

Archives