Junksta
First Time Poster
Cash: $ 0.25
Posts: 1
Joined: 30 Jan 2017
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Two years ago, when I closed an IRA, the bank issued my check for $5000. too much. So far this error has not been caught. Will it ever be safe to use this money, just wondering how do banks audit transaction s?
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Mon Jan 30, 2017 3:14 am |
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oldguy
Senior Member
Cash: $ 751.85
Posts: 3656
Joined: 21 May 2006
Location: arizona
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quote:
safe to use this money
No, you can't use it, it is not yours!! You are supposed to return it, banks can make mistakes, that doesn't mean that you have no responsibility.
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Mon Jan 30, 2017 1:35 pm |
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Chavak
Member
Cash: $ 3.30
Posts: 16
Joined: 28 Dec 2015
Location: Oregon
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quote:
Originally posted by oldguy
quote:
safe to use this money
No, you can't use it, it is not yours!! You are supposed to return it, banks can make mistakes, that doesn't mean that you have no responsibility.
I agree, the money is not yours and you need to return it. If the bank made a $5000 error to your detriment, you would be demanding that they fix the problem and give you your $5000. It works both ways.
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Fri Mar 31, 2017 12:13 am |
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