“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.
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.