Legal Question in Banking Law in Utah

bank fraud

i had money transferred into my acct on 4 different occasions and was told that once tg=he money was in my acct, it was mine. i wrote two checks and cashed them at the bank. later, the money disappeared from my acct. the bank told to that if i didnt replace the money they would charge me with fraud and send me to prison. I was told after the face that it was the banks mistake, not mine. can i make the bank give me back my money?


Asked on 5/06/09, 6:07 pm

1 Answer from Attorneys
Alvin Lundgren Alvin R. Lundgren, L.C.

Re: bank fraud

Funds are not generally accessible until after received and cleared by the bank into your account. Issuing checks when the funds are not actually in your account is improper. However, if you received the funds and the bank made an error, the bank is responsible for its error, including replacing the funds and any losses which you sustained.

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Answered on 5/06/09, 6:47 pm


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