@Inspired_2write I will do my best. I’m looking forward to what other news reports comes out on this subject. Banks don’t just lose $120K for over 2 weeks at a time. They also don’t normally accept the word of a person who just attempted theft to simply say “I’ll have to talk to my husband. We’ll get back to you.” especially when you’re speaking of over $100K in fees.
@Zaku I’m not even faulting the bank for not tracking every transaction in a checking account. I DO fault the bank for losing $120K for just short of 3 weeks. Most banks brag about the check & balances that they have in place to keep your money safe!!! IF it had been my money that was lost, I’d be changing banks like yesterday.
I find the couple to be incredibly stupid to suddenly find $120K extra in their account & to suddenly go shopping for trivial things. They have been charged with felony theft & I agree that charging the couple with overdraft fees s a little excessive. At the same time, I find it no more excessive than going shopping with money that’s NOT yours & I wasn’t even shocked when I read about the fees.They did write checks for money they knew wasn’t theirs & I see it as the bank’s way of making them fight to get their money back. There’s a lot of reasons that I plan to keep tracking this story. It might well take years to untangle it all.
IF the bank had reported that they had reprimanded the teller that created the problem, I might not be so inquisitive; but, they didn’t. Yes, anybody can make a mistake; but, a mistake of over $100K is normally an offense that’s NOT tolerated!!! This particular bank is known for its underhanded practices & not having a heart. I had no where near $100K in this
bank & I moved it because they just couldn’t be trusted!!!
My current bank called me last month because of “heavy activity” in my account to verify that I had approved the transactions. I had sat down & paid ALL my bills for the month on the same night because I knew I was going to be busy the rest of the month & didn’t want to forget anyone. So, the banks are tracking their money closer that you might think!!! I’m sure that they have some kind of setting for people with very little cash flow who suddenly spend $100K within a short period of time so they could look at the account a bit closer.