I can hear them now...

Hey, finders keepers!

I had my bank err in my favor a couple of years ago, I immediately contacted them and let them know about it. The woman that I spoke to was very impressed with me and complimented me on my honesty, I replied “What else would I have done, it wasn’t my money to keep.”

She also mentioned that they would’ve discovered the error rather quickly on their own. But that wasn’t the point, you know?

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Originally posted by Balzé Halzé:

quote:

Originally posted by ZSMICHAEL:
Alan, I think he was kidding. The monopoly card is the clue.

Thank you. It seems I've been a little bit out of sync since the recent birth of our newborn. I almost forgot what it was like to be a half zombie during the day

Yes, I was kidding. You should know that about me by now. No worries.

Well...guess their mother DIDN'T raise them with the sense that "if it ain't yours, don't friggin' touch it!!" Couple of Einsteins there, ya know...JSMH

This happened to me back in the mid-80's, I deposited a paycheck, not much, but they continued to deposit the same amount daily for a couple weeks. I didn't even know it, the bank just took the money back out, only reason I even knew it happened was when I got my checking statement.

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Originally posted by Eponym:

quote:

Originally posted by Balzé Halzé:

quote:

Originally posted by ZSMICHAEL:
Alan, I think he was kidding. The monopoly card is the clue.

Thank you. It seems I've been a little bit out of sync since the recent birth of our newborn. I almost forgot what it was like to be a half zombie during the day

Yes, I was kidding. You should know that about me by now. No worries.

Yeah, I really don't know what I was thinking. I was just firing from the hip I guess.

quote:

Originally posted by LS1 GTO:
So, let's just say for the moment, the couple pulled all the money and invested in an overnight bond, gold, or anything else with a quick return.

A month, six weeks later the bank realizes the error. Would the bank also sue for the interest gained with the argument of all proceeds or proceeds they'd lost because, due to their error, they couldn't invest?

Just curious question to our legally proficient members.

It would depend on state law, but in Texas, a civil judgment will always have post-judgment interest, and a plaintiff may be able to be awarded pre-judgment interest on some claims.

I don't think the bank could claim ANY interest they earned, but perhaps a claim for the earnings the bank didn't earn might be a valid claim, depending on the facts. But, lost profits are a claim that can be hard to prevail on. I don't think that is a slam-dunk at all.