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Law Stack Exchange

Questions tagged [banking]

for questions relating to the custody, transfer, and management of money by banks.

157 questions
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Can a bank sue someone that disseminates information that starts a bank run that destroys the bank?

Specifically, could Silicon Valley Bank sue the Founders Fund and other VCs that had companies they invested in withdraw their funds? Has any bank ever successfully done this? To clarify, I'm not asking about the act of withdrawing funds, but…
a101010
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Is it a crime to "steal" your own money from a bank?

It is in the news that it has become a thing to stage a bank "robbery" to get access to ones own money in Lebanon. While these have involved things that are undoubtedly crimes (such as brandishing a toy gun, and pouring gasoline and threatened to…
User65535
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If someone robs a bank at which (s)he has an account, can the bank deduct that amount from the robber's account?

Bob has $100,000 in an account at First Example Bank. Bob robs the bank, taking $50,000, and he escapes. He is never caught, but the bank is 100% sure that he is the one who robbed the bank. Can they deduct $50,000 from his account to cover the…
Someone
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How can I get more than 10 years of transaction history from my bank?

I will shamefully admit that it was only in the year 2021 that I finally built my own bookkeeping system. Yes, I should have done it 10-20 years ago, but I didn't. So now I'm in this situation: First of all, I logged in to my bank (Nordea in Sweden)…
H Salvas
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Can a landlord force all residents to use the landlord's in-house debit card accounts?

[asking regarding state law in Ohio, U.S.A. only] Recently I have noticed landlords issuing their residents a debit card with attached bank account. This is typically implemented without prior notice and often with an additional fee attached.…
Regional Director
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Getting paid by mistake after leaving a company?

Pretend someone worked at a company and was paid monthly. A month after leaving they are paid their severance, and should not receive any payment in the future. A month later, they are contacted by the finance department, apologising that they were…
user5623335
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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?

If a joint owner of a bank account spends a significant portion of money without the other’s permission and doesn’t ascribe ownership of the purchases to the other parties, what are the legal and non-legal remedies available?
user38388
10
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What legal reason, if any, does my bank have to know if I am a dual citizen of the US?

I am a US citizen permanently living overseas, and maintain a bank account in the US. I was recently prompted to update my personal information, and one of items I had to answer was whether I had dual citizenship with any other country. (I do…
Paul Richter
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Someone withdrew money from my bank account - what are my rights?

Someone withdrew money from my checking account (in several transactions) without my knowledge or permission. I was able to see the withdrawal slips online, and my signature was forged. I reported this to my bank as soon as I found out, and Chase…
Eric
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Are there laws on when a restrictive condition on a check is legally effective?

An answer by Benjamin Chambers to a question on our sister site Personal Finance and Money (Adding a 180 day expiration to checks), mentions that "While you can print that [180-day expiration] on the check, it isn't considered legally binding." Is…
Robert Columbia
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What are the legal consequences of 'closing a bank account'?

This is based on this question on the money stack exchange. Someone has a regular checking account at some bank. This is their only account with the bank. While using the account some automatic payments where set up. Now the bank account is closed.…
quarague
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On the legality of replacing international transfers with intranational ones

Here is a fictional story based on this question. Andrey is a Russian programmer residing in Germany who makes regular wire transfers to his father, Boris, who resides in Russia. Chris & Dasha, a married couple, also reside in Germany. Dasha is…
Rodrigo de Azevedo
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Bank is not depositing my promotion bonus

I opened a bank account in response to a promotion in a big bank (I'm in the US). Originally it was saying "if I keep my money (50K) for 60 days, I get $600". The agent at the branch didn't say anything more. Then they said I get my bonus after a…
Mary
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I owe money to SVB and I have deposits with SVB. What happens now?

I have 10 million USD deposited with Silicon Valley Bank. Now that they are liquidated, let's say I get to recover FDIC insured 0.25 million plus 5.75 million, total 6 million. At the same time, I owe Silicon Valley Bank 4 million dollars. What…
user49457
5
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1 answer

Will a bank give my money back if I'm coerced to give it to a criminal?

In Brazil, it's not uncommon for criminals to kidnap someone and coerce them to give them money from their bank accounts. This can be done by taking the victims to ATMs or even demanding a transfer via the victim's bank app, all at gunpoint! In many…
sourcream
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