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> Real banks make mistakes all the time. Indeed they do. Not only do banks make mistakes, but the Federal Reserve does as well. For those who don't know this,
by cosmicray 16y ago
> Real banks make mistakes all the time.
Indeed they do. Not only do banks make mistakes, but the Federal Reserve does as well. For those who don't know this, the Fed is responsible for national check clearing (other than bank-to-bank cash letters, what we in IT would call direct peering). The Fed is the operator, for check clearing, of what we would call the core routers.
A number of years back, the Fed made a mistake in my favor (a sizable mistake). I discussed it with the bank. The bank said they had to wait for the Fed to resend them the correct item. We're both still waiting. Sooner or later I'm going to give up waiting :)
- Retric 16y agoIf it's a significant amount of money you should probably talk to a layer of some kind before you "give up waiting :)" However, chances are this is one of those wait 7 years from the event then close the acount and keep the money.