51
votes
Can a bank sue someone that disseminates information that starts a bank run that destroys the bank?
Can a bank sue someone that starts a bank run that destroys the bank?
No (assuming, of course, as is the usual case, that the person who starts the bank run is not engaged in perpetrating a ...
- 166k
50
votes
Is it a crime to "steal" your own money from a bank?
The physical cash in the bank is not your property, at least not in US law (according to Scalia). It becomes your property when the withdrawal is performed by some means specified in your contract. A ...
- 801
43
votes
How can I get more than 10 years of transaction history from my bank?
Businesses only keep transaction data for as long as they have to
For a live loan account they will keep transactions while the account is live and then for as long as local law dictates (it varies ...
- 176k
38
votes
If the person who shares a joint bank account with makes a large purchase without the other person’s permission, what are the legal options?
In most cases, there is no direct legal recourse for such a withdrawal. Money in a joint account is co-owned, and any account holder may withdraw any of it for any lawful purpose.
As the article "...
- 112k
29
votes
Accepted
Getting paid by mistake after leaving a company?
What would happen if this money was not returned?
The former employee would, based on the given circumstances, be guilty of theft contrary to section 1 of the Theft Act 1968:
(1) A person is guilty ...
- 31.6k
26
votes
Can a bank sue someone that disseminates information that starts a bank run that destroys the bank?
netherlands
In The Netherlands, DSB Bank went bankrupt after investigator Pieter Lakeman, representative of a foundation of unsatisfied customers of the bank, called for a bank run, his argument being ...
- 399
18
votes
How can I get more than 10 years of transaction history from my bank?
According to GDPR, they are required to delete data when there is no longer a legal reason to keep it. It would be madness to do this manually. There will be automatic processes going through the ...
- 10.4k
15
votes
Can a landlord force all residents to use the landlord's in-house debit card accounts?
Typically the landlord will have a preexisting clause in the lease that says the landlord may choose to amend the lease at a later date.
While that may be in contracts, I don't see that holding up in ...
- 9,145
14
votes
Getting paid by mistake after leaving a company?
That’s up to the company
They might decide it’s not worth the hassle and write it off.
Alternatively, they might sue for recovery. They will almost certainly win that suit.
- 176k
11
votes
Accepted
is it illegal for users to store money on a website?
Yes, you are then an online bank. This is an issue that computer games have had to figure out, when it was possible to move money both ways, cash to game gold and game gold to cash. (think Diablo's ...
11
votes
What legally happens when someone takes your bank card and uses it?
Burglary, theft and fraud(s)
The burglary and theft are trivial and unlikely to be prosecuted - it’s the breaking in (burglary) and taking (theft) of the possessions including the physical card itself....
- 176k
10
votes
Is it legal for a bank to discriminate against someone by the services they offer based upon their marital status?
Your bank is not discriminating against you.
Your reasons for not having the required amount of funds pass thru your account has nothing to do with your marital status.
In general, it's problematic ...
- 9,668
10
votes
Is it a crime to "steal" your own money from a bank?
The condition you set of "not committing any other crime" could be tricky. In many (most?) jurisdictions, if the bank were to leave a box full of notes in the teller hall, or even on the ...
- 233
9
votes
My bank sold a local branch to another bank, including my accounts, without my permission. Is that legal?
Contracts are transferrable
The default rule is that the rights and obligations that one person holds under a contract (your original bank) can be transferred to any other person (your new bank). This ...
- 176k
8
votes
I owe money to SVB and I have deposits with SVB. What happens now?
Your liabilities are not canceled out with your claims automatically. If this is a real story, it's best to talk to a lawyer familiar with bankruptcy proceedings.
You still owe money to whoever owns ...
- 801
7
votes
Accepted
Someone withdrew money from my bank account - what are my rights?
I reported this to my bank as soon as I found out, and Chase said that the money would be reimbursed once they completed their investigation (within 10 business days).
Chase was likely indicating ...
- 11.1k
7
votes
Accepted
On the legality of replacing international transfers with intranational ones
Would this be legal?
Probably at this scale. Not necessarily extrapolated to a large commercial operation involving more parties.
At some point it becomes a payment system and a financial enterprise ...
- 166k
7
votes
Is pretending to be the owner of a bank account illegal?
There are professionals who are doing penetration testing in an attempt to find security vulnerabilities with the target company.
They will have a clear, written contract with the target company to ...
- 10.4k
7
votes
How can I get more than 10 years of transaction history from my bank?
Make a GDPR request to get all your data: https://gdpr-info.eu/art-15-gdpr/
- 257
7
votes
What legally happens when someone takes your bank card and uses it?
In the US, there are more answers because there are more jurisdictions, also a distinction between "credit card" and "debit card" (banks issue both but there are separate laws). &...
- 189k
7
votes
Can a bank sue someone that disseminates information that starts a bank run that destroys the bank?
I recall an actual case where there was a threat to prosecute: it was over 35 years ago in Auckland, where I was living at the time.
A woman who was a customer of the Building Society attempted to ...
- 607
6
votes
Accepted
Can a defendant get probation without being convicted of a crime?
Can you plead guilty to a crime, get probation and simultaneously
avoid a conviction?
Yes.
In a deferred prosecution, there is not a conviction. If a defendant follows the terms of the program ...
- 166k
6
votes
Bank is not depositing my promotion bonus
It is unlikely that you could successfully sue the bank for breach of contract, but of course the first thing you should do is carefully read the agreement and see exactly what they promised. It is ...
- 189k
6
votes
How can I get more than 10 years of transaction history from my bank?
But obviously, the bank does have all my old transactions in their real database. I don't believe for a second that they have actually thrown it away, or that they ever will.
"Belief" gets ...
6
votes
Federal Reserve - can its charter expire? If so, when?
I skimmed the text of the act and didn't see anything about expiration, so that suggests that it doesn't expire. Normally such a provision would be prominent near the beginning or end.
- 27k
6
votes
Is it a crime to "steal" your own money from a bank?
Bank robbery is probably illegal in Lebanon, but one would have to sift through the penal code. Somewhere around Article 690 there is probably a law against forcibly stealing the property of another. ...
- 189k
5
votes
Do I have any options if Chase has closed my account citing payment from fraudulent sources?
Both of your question are creatures of contract. Their disclosures when you set up the account (or potentially amended disclosures or terms they've mailed to you subsequently) control both of these ...
- 11.1k
5
votes
Unauthorized access to bank account
You haven't suffered a legally cognizable harm because you got your money back, before you even had a chance to complain, so you have no basis for a lawsuit.
For what it is worth, pretty much every ...
- 166k
5
votes
Why is the Federal Reserve allowed to "coin Money" and define exchange rates?
It's not a violation because Congress created and gave the Federal Reserve the power to issue Federal Reserve Notes in the Federal Reserve Act which created the Federal Reserve. More here on the ...
- 2,782
Only top scored, non community-wiki answers of a minimum length are eligible