but if they make an error and over deposit, you get nothing. Kinda bull shite I think.
True story. When I built my house 17 years ago it was time to pay the lumber guy. I called the bank officer handling my interim loans. I told her to put 25K in my checking account for lumber payment.
Two days later I get a call from a bank teller:
"Mr. Zach your son is trying to close out his savings account."
Me: "So what. He only has 100 bucks in it."
Teller: "No sir. He has 24,000 in it."
The loan officer had deposited the interim loan into my son's account instead of mine. My check to the lumber guy bounced. My son went to the ATM to get 20 bucks and his receipt listed his balance at over 24K. He knew it was a mistake and wanted to take it all before they found it out.
I explained to him that it's against the law. Doesn't matter if the bank made a mistake.
The loan officer was scared to death that she would get fired. She was too lazy to look up account numbers. She just went by last name. Really stupid.