Now I know the error was only twenty cents, but I always find it unnerving when my bank makes a mistake. Opinions expressed here are author's alone, not those of the companies mentioned, and have not been reviewed, approved or otherwise endorsed by any of these entities. Credit Cards From Partners. We may receive compensation when you click on links to those products or services. If you do, you will be liable to pay it all back as soon as the bank finds out what the problem was and where that money was really from. Getting their cooperation in the matter if possible can speed up the resolution of the error.
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Finding a mistake in your bank account is unnerving. There are several approaches you can take. Have you ever found an error on your bank statement? But, what happens when you get a bank error in your favor? And of course, for really serious issues, you may want to consider contacting an attorney.
What you should do is simple, from the start, once you find out about the bank error in your favor, report it to the bank. Also, Johnson said, double check remote deposits made with phones. The bank will need access to the money so that it can move it to where it belongs.
But for significant mistakes, writing a letter to confirm your telephone call to the bank and otherwise to put the bank on notice is extremely important. There are several approaches you can take.
Probably not. Moving the money will delay the process and cause confusion. Couples' cash confessional: Have you ever hidden expenses from your spouse? What you should do is simple, from the start, once you find out about the bank error in your favor, report it to the bank. In addition, request that the bank cover any late fees incurred if the matter involves a bill.