What happens if a bank accidentally gives you money and you spend it?
What happens if a bank accidentally gives you money and you spend it? If you spend the money from a bank error in your favor, move it to another account, invest it, or give it away, you could wind up in a lot of hot water. Failing to return the money may be tantamount to theft, and you could face criminal charges, such as theft of property lost by mistake or receiving stolen property.
Do banks refund scammed money?
Most banks should reimburse you if you've transferred money to someone because of a scam. This type of scam is known as an 'authorised push payment'. If you've paid by Direct Debit, you should be able to get a full refund under the Direct Debit Guarantee.