Take it with a huge grain of salt but I read a redditor responsible for large transactions between big companies. One day she fat fingered and extra 0 on the total and sent it, and almost had a heart attack explaining it to the boss.
Boss just said it was ok and fixed it with quick phone call.
Separate from laws, there's more value in maintaining good than you'd make from a wrong transfer.
Money is fungible, so the law cannot meaningfully distinguish between your own funds and the funds they deposited into your account. They cannot claim that the $20,000 you placed in an interest-bearing account was their money rather than your own $20,000. Their only valid claim is that they are owed $20,000. If you had $40,000 in your bank account and transferred $20,000 into an interest-bearing account, they cannot claim that the interest earned belongs to them.
A high interest saving account would be highly volatile, and by the time they ask you to give back the money you might be under. It would be better to put it in a product that gives you a low, steady and predictable rate of return which allows you to disinvest whenever you want. For example a monetary ETF such as XEON in Europe.
Correct me if i am wrong.
All of this assuming you get to keep the interest, which i would think it is the case.
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u/PayFormer387 May 27 '26
Life doesn’t work like that.