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In certain areas of the institutional finance world, everyone seems to accept that everyone's math is allowed to differ by a few cents, and they tally up the er
by amluto 4mo ago
In certain areas of the institutional finance world, everyone seems to accept that everyone's math is allowed to differ by a few cents, and they tally up the errors and move on with their lives.
I would, however, by quite surprised if my personal bank account did this.
- SJC_Hacker 4mo agoWhen the bank owes you money, they round down. When you owe the bank money, they round up.
- walthamstow 4mo agoUnless you work for the bank, in which case your annual salary is divided by 12 and rounded up for a monthly figure.