The following is my
answer to a Quora question: “Can the bank sue you for spending
funds deposited into your account due to bank error?”
In Singapore law, not only can the bank sue you, but
it is a criminal offence. You can
possibly be charged with theft or criminal misappropriation, which is a serious
offence. If you receive funds that you believe to be in error,
you should contact the bank as soon as possible. It is always good to have that correspondence
in writing, via email, so that there is a document trail in the event of
dispute. Singapore has a professional
financial services with excellent customer service. However, this is a good habit to have. They will take care of it.
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