Your Wife is…there is no use in fighting it…they are in control of the (computer) money and they will deduct it from her account whenever they want and for any reason that makes sense…

If the bank benefited from a mistake you made, how would you want them to act?

I can assure you that were this done at my bank, you would be paying that money back. Yes there was a clerical error on the part of the bank, but your wife knew how much was supposed to be on that card. She should have taken the card back when she realized there had been an error.

However, they do have reserve loss accounts set aside for just that reason. Some poor teller or CSR got into a lot of trouble for that $200. I would CALMLY talk to the branch manager about this. Maybe they will work with you on it, consider a payment plan.

Good luck. They are both wrong.

the bank

Keeping in mind I’m not a lawyer…..

According the the Uniform Commercial Code banking laws, Article 4 states the following:

§ 4-401. WHEN BANK MAY CHARGE CUSTOMER’S ACCOUNT.

(a) A bank may charge against the account of a customer an item that is properly payable from that account even though the charge creates an overdraft. An item is properly payable if it is authorized by the customer and is in accordance with any agreement between the customer and bank.

(b) A customer is not liable for the amount of an overdraft if the customer neither signed the item nor benefited from the proceeds of the item.

So, as I read this, since your wife did authorized the purchase, and did benefit from it, the will be held liable for the cost.

Yeah, it sucks. But you know bankers.

If the gift card was for just $100.00 would you ask for the rest of the money?

Carter

‘April 1, 1980: President Carter Signs the ‘Depository Institutions Deregulation and Monetary Control Bill’ into Law’

Notr the date. How appropriate.

ADDENDUM

NAFTA was enacted in 1993.

It does not matter who is responsible for the mistake, you will have to give the bank back there money. This happens all the time and the banks money was spent by your wife.
It may seem unfair to you but it is the banks money in the end.

Ummm.. did the saving and loan industry fail under a Dem president…Yes (Jimmy Carter) Clinton had the banking dereg and also signed N.A.F.T.A. (nov.1983) under his Administration… another wonderful screw up.

Ronald Wilson REAGAN.

count the letters in each of his names

6 6 6