Reply #7: I worked for 2 diff. banks. Believe me, they're NOT always

[napi21]

in favor of the bank! I can give you 2 glaring examples of errors being in favor of the customer. The 1st case, $1,000,000 was deposited into a customer's account by mistake. (Oe digit off on the account #). The customer contacted the bank and had it corrected AND requested a letter from the bank so he could prove to the IRS that he wasn;t laundering money! The second, and at a diff. bank than the first, a $6,000,000+ transaction was misapplied, but in that case, the customer took the money and ran. Disappeared to a country that didn't have extradition rights with the US!

Why do you think every consumer advocate always says to check your bank statement every month because the bank isn't always right!

Most errors are small. $5.00 or less. The bank writes them off. It's simply not worth paying an employee to find it.