If you find that there is an unaccounted credit into your account ,immediately report to the bank.
You have no right to spend the money and you will go to jail.
It could also be due to some one deposting money in your account to be retrieved later.( it is possible when online transactions are done); you might leave it with out touching it,if the money is with drawn by the third party and it is found that the money is being used for illegal activities,you will face a stiffer sentence..
A Laguna Beach, Calif., man was arrested after he allegedly spent more than half of a $110,000 tax refund that wasn’t his but was deposited into his bank account.
Oh, my. Can we learn some personal-finance lessons from this? (Tip o’ the hat to Washington Post PF columnist Michelle Singletary for alerting her many readers, including us, about this teachable moment.)
Technically it wasn’t the bank’s mistake. The 67-year-old Los Angeles woman who was owed the refund in 2010 gave the IRS a number for a bank account she had closed in 2004. That account was later assigned to Stephen Reginald McDow, 34, authorities said. The Orange County Register tells the rest of the story:
The error was discovered months later and McDow was asked to return the money to the rightful owner. Prosecutors say he wrote to the victim’s attorney in March saying he had spent most of it.
http://money.msn.com/how-to-budget/article.aspx?post=99f2cb07-ef24-457b-bd89-4292f49f7466>1=33002
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