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 ...
- 195k
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 ...
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 ...
- 198k
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 "...
- 113k
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 ...
- 5,749
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 ...
- 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 ...
- 14.4k
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 ...
- 9,225
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.
- 198k
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....
- 198k
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 ...
- 332
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 ...
- 9,818
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 ...
- 223
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 ...
- 198k
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 ...
- 198k
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 ...
- 14.4k
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 ...
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 ...
- 958
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 ...
- 11.2k
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 ...
- 195k
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). &...
- 210k
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 ...
- 195k
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 ...
- 210k
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.
- 29k
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. ...
- 210k
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 ...
- 195k
Only top scored, non community-wiki answers of a minimum length are eligible