RunningBum
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Jun 18, 2007
- Messages
- 13,479
Nothing small but I did find a fairly large error that was never resolved.I'm curious: What errors (by the bank or credit card company) have folks found?
A year and a half ago I made a mobile deposit of a $5000something check sent for reimbursement from a club I happen to be the treasurer of, so I sent the check too, using the bank's online check writing service. All very legit and I always inform another board member who I've asked to oversee the finances.
90 days later that person asked me about a large deposit I apparently made to the club account. Nope, hadn't done that, but I'd look into it. Realized it was the same amount of the check I'd deposited into my own account. Since I'd used their service they had my name on the original check and on the returned deposit. I checked, and made sure the deposit actually made my account. It did. I called the club's bank, and they said the check was never deposited. I assured them it did, and they assured me it didn't. So I hung up, and figured either it would be taken out of my account or the club's account when the error was found.
It never happened. I advised the board that our account had an extra $5400 in it with the explanation, and that we shouldn't consider it ours for at least ample time. Last month, 18 months after the returned deposit, I advised them that we might as well consider it ours.
Real life "Bank error in your favor" Monopoly card played. If anyone ever doubted my integrity with the club finances I can point them to this and how easily I could've said, oh yeah, my mobile deposit failed, I'll send me a new one and I'd have gotten the extra $5400, not the club.
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To the original question, yes, I balance since I keep use a spreadsheet as my check register and it's pretty quick and easy.