Well, here I am balancing my account this good evening. Just paid my necessary bills. I started to do some subtraction and.... well, lets just have the picture say the story. I triple checked my math in my head and on 3 different calculators and it shows that what my bank has is wrong, so I'm missing a dollar. I guess I have to pay my bank a visit tomorrow morning and get this straightened out and slowly switch banks because they have been doing other things that are pissing me off. Sure it is missing a dollar but still. What if they do this to other people? I just recently started to diligently balance my checking account (Usually I just compare receipts and stuff) and I'm glad I found this error. So, to anyone who also banks with BoA as well as with any other bank, double check your statements (don't go 'paperless'), keep your receipts and make sure everything balances out.
Hmm weird although i don't use BOA and if it happens to other people then it might be more than $1 , One day i went to a cash machine and it said i had like £10 when i though i should have had about £100 i was sure i never spent £90 in a a short period but somehow when i cheked online i did spent £90 which was ok
it's those little mistakes that no one notices that pile up and make free money for corporations such as banks and super-markets
Something similar happend to me, only the other way around. According to my bank I have an extra $3.40 or so in my account, it has been there for about two years now in comparrison to the amount in my check book ledger. I have no idea where the mony came from, and I have checked all the way back to when I opened the account. Nothing really to complain about though on my end, but I can definitely understand why you are upset.
my bank does the same crap... I've noticed erroneous "service fees" for like $10. I'll call and inqure and they'll just apologize for the mistake... Well what if i hadnt noticed? It's called skimming.. They do this to 300,000 customers and a good ammount are bound not to notice... I mean I like most people use my bank to store and look after my money. But when the bank itself cannot be trusted, where can you turn?
Legally, your money is not your money any more when it's in the Bank If a bank goes into insolvency, you are an unsecured credtor. Millionaires have issues with such a thing, as evidenced with the BCCI bank of Luxemburg, which also affected English customers. AS such, the banks are not to be trusted AT ALL. Trust me, I got a first in Banking Law!
After the depression we had in the '30's, our federal government made certain that all banks and credit unions (or at least most of them) are federally liscensed and insured in order to protect those of us whom use them. If the bank goes under, you still get your money as long as the bank/credit union was under such protection.
yes, subject to limitations. You are not entitled to the full amount of the money you have deposited. in the UK, you get 100% of the first 3.000 pounds, and 90% of the next 30.000 pounds. Above that, you don't get a single P. A similar regime is also adopted in the US. Unlimited liability to unsecured creditors for investment money (an amount of money intended for the RISKY purpose of investment) is not economically feasible or sound.
My bank (Yamaguchi Bank) used to charge me 1500 yen everytime I sent money from Paypal to my account. After about 4 times I complained about such a high cost to which they said it was all a mistake. Did they refund my 6000 yen (4 x 1500)? Did they bollocks ! Banks are sneaky sods. Yakumo
It looks like one of your charges might have made a "test" charge of one dollar. A lot of places do this for transactions over a certain amount to make sure that the account is active. It doesn't show up properly for most banks because it is either immediately revoked or is left to "drop off" the account. If it still isn't right after a couple of days, definitely contact your bank. Regarding FDIC insurance, take a look here: http://www.fdic.gov/deposit/deposits/insuringdeposits/index.html
The US' insurance is 100% for up to 100.000. I m VERY impressed. Definitely moving my main capital in a US bank in the future if I can't invest elsewhere in the mean-time! Too bad I can't predict a bright future fot the US dollar currency after this Administration They took a big dump on all of Clinton's efforts
I'd say that Greenspan's doings before he left office were a bigger influence on our current economy and the value of the dollar.
I like this Greenspan fellow. :clap: The dollar/euro rate is very nice at the moment. Has done wonders for my import budget the past year :nod: Analysts predict the Dollar and Yen could slide another 10-15% against the Euro. When this happens a ticket to Japan to do some serious shopping is in order :033:
Hmmmm it is worse with my bank, Den Danske Bank (the name means The Danish Bank). Last Friday , they took 1700 kroner from one of my accounts, and I had money on every account. But they "just" took them, and gave me no reason, and then yesterday. There I went down and asked why they did it. But the woman who serviced me, was very impolite and rude. And she couldn´t speak Danish very well(I didn´t understand a word of what she said). So I didn´t get an answer why my money was taken, and well I have decided to move my main department to another branch. So you aren´t the only one who has problems, when you shouldn´t have problems at all. And the worst part is, is that I didn´t have minus on any account, except for the account they took the money from. So I had to move money from one account to the other, to pay my deficit. Talk about fuckyness, since I don´t pay bills from the account the money was on.
There's always the offhand chance that this is a result of multiple rounding errors..? I don't know how banks work, but if they store balances in their computers with several digits after the decimal point (ie, US$25.99 is stored as $25.9900) then they could have more accurate storage of fees, interest, anything accrued in the tenths of a cent. So, in their databases, they might have service charges over a month like this: charge 1: $1.0040 charge 2: $1.0040 charge 3: $1.0040 Balance before charges: $100.0000. Balance after charges: $96.9880 But on your statements, they cut off anything after the cent, so you might see: charge 1: $1.00 charge 2: $1.00 charge 3: $1.00 Balance after charges: $96.99 and be left wondering how they stole a cent from you (in addition to $3.) It's just a hypothetical situation. Maybe it's simpler and they really are just crooks.
Good luck with that! Getting a proper bank account in the US if you are not a resident (or have a SS # at least) is practically impossible. Thank the events of 2001 for that. If you do manage, let me know, as I've been looking into doing this myself for a while!! I found a company that sorta lets you do it, although technically it isn't a bank.
Funny you should say that retro.I can't suggest a way to you because I also have an American nationality and parents already have accounts in the US I used to live in California
Ahh, alright for some!! hehe. This topic brings me onto something interesting (sorry for going a wee bit OT here, but with relevance still!): In the UK, it has been known for people to claim back money from their bank for unfair charges. From what I can work out, it is basically saying that the bank's fees for sending out a letter or whatever are unfair. And the banks are apparently paying out! http://www.moneysavingexpert.com/cgi-bin/viewnews.cgi?newsid1141050760,24632, I'm sure Barc0de could explain the ins-and-outs better than I could. Of course, if you're thinking about doing that, be prepared for your bank to close your account (apparently technically also illegal!). Anyway, my question is, what is the situation in the US with these fees? Is it possible to reclaim them there also? My friend lost hundreds of dollars due to her bank being stupid and continually charging her for nothing! She paid in a cheque on the usual day of the month, but unfortunately it didn't bank before her direct debit, which meant she went overdrawn, so they charged her... and kept doing so every day even after the cheque had cleared (1 day late I think) for a week or so!
Just to update. My bank fixed it overnight. When I arrived to the bank with a print out of the error it was already fixed.
