Legal Question in Banking Law in Massachusetts

Banking

Recently a large sum of money turned up into my checking account that I didnt deposit. This is not the first time it has happened, but this is the largest amount. What should I do? Can I keep it?


Asked on 12/05/07, 12:29 pm

2 Answers from Attorneys

Re: Banking

I've handled this situation before, and there is a possibility that you can keep it provided you comply with the applicable Massachusetts General Laws on notice and filing, and wait the appropriate amount of time.

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Answered on 12/05/07, 12:43 pm
Mitchell Roth MW Roth, Professional Law Corporation

Re: Banking

No. It isn't yours and once the funds are traced you will have to pay it back. Notify the bank.

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Answered on 12/05/07, 1:07 pm


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