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52 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 ...
ohwilleke's user avatar
  • 224k
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 ...
Therac's user avatar
  • 2,948
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 ...
Dale M's user avatar
  • 214k
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 "...
David Siegel's user avatar
35 votes

If someone robs a bank at which (s)he has an account, can the bank deduct that amount from the robber's account?

If there has been no trial establishing Bob's guilt, the bank does not know that it was Bob who did rob the bank. Even if the bank has Bob on the security video feed, claiming that, "As my name ...
SJuan76's user avatar
  • 5,879
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 dissatisfied customers of the bank, called for a bank run, his argument ...
SQB's user avatar
  • 397
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 ...
o.m.'s user avatar
  • 18.8k
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 ...
Ron Beyer's user avatar
  • 9,215
14 votes

What legal reason, if any, does my bank have to know if I am a dual citizen of the US?

Sanctions While most sanctions are targeted, the US does have some “comprehensively sanctioned jurisdictions”. So, for example, if your dual nationality is with Iran or Cuba, your bank can’t deal with ...
Dale M's user avatar
  • 214k
13 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.
Dale M's user avatar
  • 214k
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 ...
Harper - Reinstate Monica's user avatar
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....
Dale M's user avatar
  • 214k
11 votes

If someone robs a bank at which (s)he has an account, can the bank deduct that amount from the robber's account?

I don't know if it's normal or not, but my Credit Union's membership agreement says that they can permanently freeze the account without warning to members who "cause a loss". They can also ...
Mooing Duck's user avatar
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 ...
Alexanne Senger's user avatar
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 ...
Ralph Bolton's user avatar
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 ...
Dale M's user avatar
  • 214k
9 votes
Accepted

Do Swiss banks have the right to demand seeing a visa for a foreign country?

Yes The relevant Swiss law is known as the FATCA Agreement and has been in force since 30/6/2014. FATCA stands for the Foreign Account Tax Compliance Act, a unilateral set of US regulations that ...
Dale M's user avatar
  • 214k
8 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 ...
o.m.'s user avatar
  • 18.8k
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 ...
Therac's user avatar
  • 2,948
8 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 ...
Simon Crase's user avatar
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 ...
ohwilleke's user avatar
  • 224k
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). &...
user6726's user avatar
  • 215k
7 votes

If a bank intentionally causes a 'valid' bank transfer to be bounced back to the sender (maybe also charges a fee) has some law been broken?

Consumer C has an account with Bank B. That means C and B are in a contractual relationship. C agrees to pay certain fees, B agrees to provide certain services. If B intentionally fails to carry out ...
o.m.'s user avatar
  • 18.8k
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 ...
ohwilleke's user avatar
  • 224k
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 ...
user6726's user avatar
  • 215k
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 ...
Harper - Reinstate Monica's user avatar
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.
Nate Eldredge's user avatar
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. ...
user6726's user avatar
  • 215k

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