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In many contries, if they send you a check, even in error, you are allowed to cash it if you choose. I recommend consulting a lawyer, and keeping it in a sepera

In many contries, if they send you a check, even in error, you are allowed to cash it if you choose. I recommend consulting a lawyer, and keeping it in a seperate account for a while before spending. Local laws vary widely, some jurisdicitions will disagree. Consider local and national laws as they may appy. Ianal.

brianwawok 10y ago
https://www.forbes.com/sites/moneybuilder/2012/05/24/bank-error-in-your-favor/#3ae7666e52a3 https://www.forbes.com/sites/moneybuilder/2012/05/24/bank-er... Every story I have ever heard, ended with the bank basically saying "You owe us money. Pay us it back in 3 days or we are going to the police" Seems not a good plan.
- mikeash 10y ago
  Regardless, it wouldn't have been right to keep the money. Especially since doing so probably would have caused problems for the person who made the misrouted payment.
  - RUG3Y 10y ago
    The bank generated that "money" out of thin air. The big scam is that it's all just ones and zeroes.
    - mikeash 10y ago
      That's... not how money works.
      - RUG3Y 10y ago
        http://positivemoney.org/how-money-works/how-banks-create-money/ http://positivemoney.org/how-money-works/how-banks-create-mo...
        mikeash 10y ago
        I'm aware of how fractional reserve banking works. It does not mean that the money is generated "out of thin air."
  - deleted 10y ago
    [deleted]
Bartweiss 10y ago
I've actually never heard a story end that way. Pretty much all of them involve the bank convincing a court that a reasonable person would have recognized the error, and therefore you need to pay up.