Rates Current as of Friday February 10, 2012

« A deposit was credited to my account by mistake. Does the bank have to get my permission before removing the funds?

I wrote a check for $68.00 but incorrectly wrote out the amount as six hundred and eighty dollars. The bank paid it as $680.00. Shouldn’t the bank be responsible and have paid according to the numerals? »

I wrote a check for $250, but the bank posted it as $2,500. The bank told me to get the money from the other party. Is this correct?

No. This appears to be a check posting error. The bank must correct it. You should notify your bank so it can investigate the error. The bank may require you to complete an affidavit. The time period for this prompt notification may vary by bank and State. deposit account agreement specifies your bank’s specific time requirement. Review that agreement, then contact the bank directly regarding any alleged error.

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I wrote a check for $250, but the bank posted it as $2,500. The bank told me to get the money from the other party. Is this correct?

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