Yes. They can do that. Since the initial deposit was a mistake, they have every right to demand a repayment because it was their money and you weren't supposed to get it in the first place. However since it was 8 months ago, they cannot force you to return it immediately but they will give you a few weeks/months' time to repay them. But, definitely you have to repay them and there is no way you can escape from it.
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.
put it in my account.
This happened to me once, my girlfriend tried to cash a cheque in my name. The bank mailed it back to her, so I would assume this means they simply return it to the account holder and reverse the transaction. I think she might have gotten an additional fee for the mistake as well.
If they did it by mistake then definitely YES. You can get it back.
usually this is because the original lender sold the account to a new lender which takes on the loan/debt, but the paper trail is still left on a persons credit report. If a company goes out of business they also liquidate their assets/accounts to another creditor. It also can be because the person did not pay on the account and it was sold to another creditor or a collection company. The most rare case would be that there is a mistake on a persons credit file and should contact the credit report company.
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.
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.
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.
No. A check can be deposited only into the account of the individual to whom the check is made out (issued) to. Depositing it into someone else's account is not allowed and even if done by mistake, the check will not be cashed and no payments will be made.
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.
No. A check can be deposited only into the account of the individual to whom the check is made out (issued) to. Depositing it into someone else's account is not allowed and even if done by mistake, the check will not be cashed and no payments will be made.
put it in my account.
Simply call the company and they can connect your accounts
Depending on how strict the bank is, they can reject a draft on account of a spelling mistake. It depends on the bank and the severity of the mistake.
No. first of all, a money order can be deposited into the bank account of the person to whom it has been written to. Second of all, even if the bank teller accepts it by mistake, it will not be cashed. The money order will be returned and no money will be paid. So, doing so would be a waste of time.
Henry Ford's biggest mistake was making an anti-semitic advertisment for his company (Ford Motor Company).
However, if this mistake was intentional (i.e., the client failed to record the sale on purpose), auditors refer to the mistake as a fraud.