In this case, my school deposited money for some FinAid that they stated I met requirements for when I originally applied for FinAid. Now, almost a year since my FinAid application and a day after they deposited the money, they claim I wasn't entitled to it and have put a stop notice on my record till I give it back. Wanted to know the legality of it.
If someone mistakenly desposits money in your bank account, are you legally obliged to give it back?
Depends on the reason you are not entiled according to them, Worth checking into, they may be mistaken about your entitlements.
Reply:You have to return it.
Reply:Short answer YES. Long answer do you want to end up in court.
Reply:What?! "They" screwed up. Cash out the account and close it! It's your money.
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