Posted on 09/08/2019 10:02:04 AM PDT by NohSpinZone
“I don’t force my morality on other people...banks always have leeway, they are never held accountable and when they make mistakes that cost their customers money, it’s like ‘our bad, now get lost’.”
How old are you, twelve???
Banks carry insurance fir just such situations.
The FDIC replaces depositors’ misplaced funds.
You’re attacking the bank for what was human error, then using your ignorance of common bank policy which *corrects* the error, as a defense for the criminals who stole the money.
You are utterly morally bankrupt. SMH.
Hell, I gave the exact coin change to the clerk at a Burger King drive through last week intending to get back ones because I had a purpose for the ones. She handed me back my exact change plus the change the register told her to give me and fewer ones than I wanted. I asked her why she did that. She said she had no idea how to enter exact change from a customer, and neither did her manager, who had told her to just ring up the full amount of the bills and then give the customer back the exact change the customer had paid, plus the change from the register said to give.
I asked her what did she do when some paid just exactly what was owed. She said the register has a button that says exact amount due payment. She can push that. She doesn’t have to enter it. SHEESH!
Go to Spencers in the mall for a birthday card
Pick one and total comes to $2
Hand the kid a $5 bill
He picks up a calculator and subtracts 2 from 5
Tells me my change is $3
Look on my face musta’ prompted him to confess, “I just wanted to be sure.”
Made my cry . . . . laughing.
Go to Spencers in the mall for a birthday card
Pick one and total comes to $2
Hand the kid a $5 bill
He picks up a calculator and subtracts 2 from 5
Tells me my change is $3
Look on my face musta’ prompted him to confess, “I just wanted to be sure.”
Made me cry . . . . laughing.
I tried to tell her she made a mistake, her response was "Oh I'll fix it later". She didn't
When the money showed up in my next statement I knew exactly what had happened but when I called my bank they absolutely didn't want to talk about it!
After 2 or 3 attempts to do the right thing I just gave up.
Never saw that teller again though.
You do not practice conservative principles
You sound like an entitled democrat or libertarian
Not if they’re honest....
2 weeks.
Not theirs, but 2 weeks? On what? Their mortgage?
They didn’t steal anything, that is the problem, did they go to the bank and held a gun to the tellers head and ordered her to put the money in their bank account? No?
The bank GAVE them the money, whether it was in error is besides the point.
2 Weeks to catch this error? In the day of computers and technology, the banks certainly don’t like to utilize it. Nobody at these banks check large deposits to make sure the account numbers, addresses, etc match on the deposit slips to the credits posted on the computer? Seriously? Nobody does this? This sounds like a mismanagement issue more then anything.
So that whole 24-48 hour, longer if it involves a weekend or bank holiday where funds are held before officially posted to an account is just pure Bullcrap? That what the bank is saying here. On a 120K deposit, nor the bank manager, nor the teller, nor anyone one higher, like regional management, executive management etc, did not verify that the deposit was correct, the information was correct? This is actually disturbing that they are this careless with our money.
And who benefits in the end? The bank of course, they not only get to steal the money from one account holder, they also now get to collect fees from that account holder as well and will probably turn this into some sort of loan as well (more interest for the bank!!)
And what about the account holder who did not receive the 120K until what 20 or so days later, what did they get? I am sure they have bounced check fees, if they were using for purchasing a house or something significant they could even end up losing their deposit monies and other financial/legal harm. And what will the bank do? Collect the fees and say “opps my bad, go screw yourself peons”
Bank customers get screwed, and the bank makes a profit in fees on their own mistake. Win/Win for the bank.
Ah ha.. Maybe that is why some cashiers look annoyed when you say you want your receipt.
Once every 25 years or so. After this last 40+ foot flood, I thought it’d be good to change to a box higher off the ground.
“The bank GAVE them the money, whether it was in error is besides the point.”
No. The bank misplaced the money. Taking control of misplaced property without trying to return it to the rightful owner is THEFT!
Garbage In, Garbage Out
In the mid 1990s, in the relatively early days of online banking (Citi had a standalone online banking program and no web interface yet) I’d check my bank balances every few days (mostly because of the novelty of the software) and noticed I had a $3600 deposit in my account from Lloyd’s of London.
I wasn’t expecting it so I called my branch and explained that I saw the mystery deposit in my account. They tracked it down (human error on Lloyd’s end) but the manager wouldn’t release money in my account back to Lloyd’s unless I came in and personally authorized the transfer out (even though everyone knew it was a mistake).
I did so the next day (I figured someone out there was waiting for the $3600 and may have needed it) and the branch was conveniently located. They thanked me for coming in and apologized for the trouble.
In fact, I was pleased that they wouldn’t release the money unless they had my explicit OK. I can’t say that Citi has been a pleasure to deal with over the years but I thought their attention to detail was very good.
At no point did I believe that the clear mistake was somehow my money. I can’t see how any rational person would think so.
OMG that had to have thrown him into a tizzy, are you going through drive in windows just to make kids cry??? LOL, LOL, LOL,!!!
By definition, they can’t make mistakes.
Although who knows what will happen when they have human intelligence. Then they are on their own, able to make mistakes just like us.
LMAO
What are you referencing, interest on deposits? Capital gains?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.