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Question
The bank deposit money in my account in mistake $1,500
now they wane back but i don't have any more i don't check my account and i really don't keep track of how much i have
well do i have to pay it back
please tell me
Unfortunately, yes you will have to pay it back. Since it wasn't your money and was someone else's they will require that you pay it back. Obviously, this is why you are supposed to keep track, but I know I am telling you something you already know by now. I don't have a magic answer for you except that yes, legally, you are responsible for paying that money back.
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Answers by Expert:
Robert Hanzel
Expertise
I can answer questions regarding most areas of consumer and commercial finance. I have extensive experience regarding various types of loans (commercial, consumer, USDA, SBA 504, SBA 7A, foreign), many investment vehicles, credit, economics, and banking. I am not an expert regarding tax structures and other tax issues and thus would not recommend asking tax related questions
Experience
Over 11 years Financial, Investigative, and Legal experience including loan review, due diligence, financial analysis, collections, and risk management. I have managed Credit Administration, Loan Administration, Credit Analysis, Credit Review, Liquidation Departments, Collections, and workouts
Organizations
Both the Risk Management Association and the Bank Administration Institute.
Education/Credentials
I have obtained both my Credit Risk Certification from the Risk Management Association and a Loan Review Certification from the Bank Administration Institute.
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