You are not entitled to spend money that you do not deposit into your account
Have you ever noticed that your bank account somehow had 'extra' money in it even though you knew for a fact it wasn't yours?
If so, you are not alone. It happens more often than you would think. All it takes is for a bank teller to type in one wrong number at the time a deposit is being made.
If this happens to you, are you entitled to the money since it is in your account? The answer to this question is an emphatic NO! The only money in your account that is truly yours is what you've put into it or earned.
So what happens if you do use the money?
For example, there was a 22-year-old in a Philadelphia suburb whose bank mistakenly deposited nearly $70,000 into his account in March 2012. At the time, the account-holder only had about $35 in his account, but over the next several weeks, he made several withdrawals from his account and spent all but $2,000 of the money before his bank traced their error back to his account.
While the bank is ultimately responsible for replacing lost monies in such situations, this account-holder was charged by the local police with receiving stolen property and theft of property lost by mistake.
If you ever find that your bank account has more money in it than you know should be there, the best way to avoid any potential problems is to leave the money alone and immediately notify your bank. While it may not be noticed for a few days or weeks, eventually the bank will trace their mistake back to your account and withdraw the mistakenly deposited money from your account. If the money is not there, they will request that you replace the funds…and if you refuse, the police will get involved for further investigation.