Posted on 02/05/2016 6:32:52 AM PST by Citizen Zed
Chase replied noting the policy cuts both ways -- if the actual amount deposited was greater than the amount declared, the extra cash would go to Chase, but if the amount deposited was less than the amount declared, the customer would keep it.
According to a notice posted on Chase's website, the bank may review deposits to make sure the amount on the deposit slip matches the funds received and may adjust customers' accounts to fix any errors they flag.
But Chase's notice said it's not required to adjust errors of $10 or less and might not unless the customer reports the problem within a year.
(Excerpt) Read more at chicagotribune.com ...
The elites are very creative in their economic enslavement of the producers.
They used to tally up the registers at the end of each shift and the amounts better match...
I guess that’s the old fashioned way now.
But seriously folks, the man hours spent doing that must have been huge. Maybe the potential loss by errors is considerably less than the cost of reconciling the days work.
I got this notice from Chase. Chase lets you deposit a stack of checks at the ATM at once. You are responsible for getting the math right, and checking online that it is correct. What is wrong with that?
I remember a Lucy episode where the drawers were off by pennies, and mean Mr. Moony wouldn’t let anyone go home until they found the error.
Just last week, while depositing cash at the drive through window, for the first time in my life, I had to sign a receipt to validate that I agreed with the amount credited to the account. It signaled that some change had occurred in banking, as far as deposits are concerned.
So if I keep depositing checks for $9 more than the actual check amount, Chase won’t bother correcting it? Hmmmm, this sounds like a money making scheme for somebody.
Hmmmm, this sounds like a money making scheme for somebody.
Has anyone else noticed that deposits (or payments) made on Friday don't get credited until Monday, but charges made on credit cards are posted at the speed of light 24/7/365?
Where are the elected criminals who scream that they protect the hard working middle class?
The same bank we used for 20 plus years. Something has changed alright.
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