Awhile back I got the dreaded letter from the bank saying you are overdrawn. I couldn't believe it, I wondered what the heck did I do?
Then I opened it up and I was overdrawn by over a thousand dollars and I was real concerned.
I called the bank and they told me the $3000 dollar check that I had written was insufficient. Well I did not write a check for that amount but they assured me I did and told me where to.
I couldn't believe I could do something so foolish but I called the company that I had written the check to and they said yep, that was what I wrote it for, and I was overpaid on my account.
Then we had to start the process of me getting the money back that I had overpaid, in the meantime I needed to do a quick transfer or I would have more insufficient checks.
After I got the check covered and started the return process of getting my money back I got to thinking I couldn't have done anything that dumb.
So I called the bank and asked them if they were sure I had wrote it for that amount and she assured me they check those kinds of things, I still didn't believe her so I went down there and said I wanted a copy of the check.
Low and behold I HADN'T been stupid and wrote a 300 dollar check for 3000. The company I wrote it to had encoded it wrong and the bank didn't catch it.
So after apologies from the bank and their assurance they would fix things right up for me I called the other company back and asked them if they were sure I had made the mistake. She also assured me they always check these kinds of things. Then I said then how come I am holding the check and it is obviously written for only 300.00. She didn't have much to say then and they assured me they would fix things right up.
In talking to her she said she just assumed the fault was mine because even if they had made the mistake one of our banks would have caught it, yeah right.
So while most of you would notice a 2700 difference like I sure did, we may not notice those pennies and nickels if we don't check every month.
Because the only one looking after your account carefully will be you!!
About the Author: Robin Reckard, co-founder of Jorbins.com Lifestyle Magazine, keeps busy producing, writing, and editing for the magazine as well as raising and enjoying her six year old daughter. Visit Jorbins Education and Life Skills Section to read more great articles about credits, loans, and identity theft. Stop by the Household Finances Area for great information on budgeting and debt as well. Copyright 2006, Jorbins Inc. - Reprints of this article can be made as long as the article is in it's entirety, unchanged, and the resource box with links and urls remain unchanged. Article Source: http://EzineArticles.com/?expert=Robin_Reckard |