As I have noted before I check my bank statements. Once a decade or so I find an error. The latest example was earlier this week when I noticed my bank had for some unknown reason paid two of my checks twice. When I complained my bank assured me that this was a "rare event" and that they would fix things. And in fact the money is now back in my account. Although as I suspected would happen I have lost two weeks interest. But since this amounts to less than a penny I suppose I will let that go. As for how rare this is, the statement entries reversing the errors contained 10-digit reference numbers. 6 digits clearly indicated the date leaving a 4-digit sequence number. So it appears my bank has to correct thousands of errors every day. Probably this is still a small fraction of their daily transactions.
I will admit that I no longer try to verify that I being credited with the correct interest. Perhaps I should.
Skiing in Los Angeles, by Steve Sailer
2 hours ago
Squeeze that penny until it squeals. Although
ReplyDeleteif you think of it another way, you actually
saved the amount of the duplicated check,
which could amount to hundredss of dollars.