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If Bank Messed Up On Currency Exchange- Am I Liable?

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Author Previous TopicReplies: 25 / Views: 7,165Next Topic Page 2 of 2
New Member
United States
19 Posts
 Posted 08/02/2007  08:53 am  Show Profile   Bookmark this reply Add Biscuit to your friends list
Thanks, guys. I appreciate all the good advice. I guess I knew what I should do...just looking for confirmation. Words like honesty and integrity come to mind. The hard part is that I have already spent the money in my mind (on bills). I will contact the bank today. By the way, it was a small Chase Bank in Ruston, LA. I live in Texas and was on my way back home from seeing relatives in Mississippi. I have a niece who works in a bank and would not want her getting fired for such a thing. And I think God would frown on my trying to keep the money. I will let you guys know how it turns out.
Pillar of the Community
United States
1231 Posts
 Posted 08/13/2007  8:21 pm  Show Profile   Bookmark this reply Add onejinx to your friends list
Any news from the bank, as to whether they used the correct conversion?
Pillar of the Community
United States
1173 Posts
 Posted 08/13/2007  9:13 pm  Show Profile   Bookmark this reply Add hunter20ga to your friends list
Good going, Biscuit. You came to the right conclusion.
New Member
United States
19 Posts
 Posted 08/19/2007  12:14 pm  Show Profile   Bookmark this reply Add Biscuit to your friends list
Nothing yet. I called that bank 3 times and left my phone number twice. I tried to get the manager/president and he seems too busy to speak to me. I tried to fully explain and told them if there were any problems to call me. I'm not going to keep calling. They don't seem overly concerned. If there was a problem, shouldn't they have caught it by now?

James
New Member
United States
19 Posts
 Posted 08/22/2007  1:44 pm  Show Profile   Bookmark this reply Add Biscuit to your friends list
FYI, the bank called me today and they do want their money back. I had gotten $6203 for the pesos and a small amount of Spanish pesatas. I need to repay something like $6170. She said I could just deposit the money in my account here in Texas and then call her, and they would deduct the $$ from my account. She acted like it was no big deal. We apologized to each other for the inconvenience and I guess that's the end of it. I have already gotten about $150 for some of the other contents in the box, plus I have a lot left. So I still came out ahead. I have learned a lot about foreign $$. Now I know the difference between old pesos and new pesos...hehe.
New Member
United States
19 Posts
 Posted 08/22/2007  1:47 pm  Show Profile   Bookmark this reply Add Biscuit to your friends list
I now wish I had the peso notes back. The notes are probably worth more as collectibles (or will be one day) than the few dollars which the bank gave me.
Pillar of the Community
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United States
2703 Posts
 Posted 08/22/2007  2:24 pm  Show Profile   Bookmark this reply Add t360 to your friends list
I really admire what you did -- bringing a $6000 mistake to the bank's attention when they didn't have a clue. It is tough to do the right thing. You showed a lot of class, biscuit. You rock, dude!
Pillar of the Community
United States
597 Posts
 Posted 08/22/2007  2:38 pm  Show Profile   Bookmark this reply Add Scottishmoney to your friends list
That said, you have to wonder how banks get themselves into the mess they are in, when banks make a $6600 mistake and are completely clueless to it.
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2703 Posts
 Posted 08/22/2007  2:52 pm  Show Profile   Bookmark this reply Add t360 to your friends list
Mostly run by computers. Little training of new hires. Anyone having experience and good judgement was deemed too expensive and laid off long ago. Big turnover, nobody stays very long. Anyone making a mistake will not want to own up to it. I think is why it took so long.
Pillar of the Community
United States
597 Posts
 Posted 08/22/2007  3:05 pm  Show Profile   Bookmark this reply Add Scottishmoney to your friends list
quote:
Mostly run by computers. Little training of new hires. Anyone having experience and good judgement was deemed too expensive and laid off long ago. Big turnover, nobody stays very long. Anyone making a mistake will not want to own up to it. I think is why it took so long.



One of my banks was recently taken over by a much larger bank. Yep, you guessed it. They trained nobody, so when you would go in, they couldn't locate your accounts etc.(talk about scary) Then I got stupid notices about this and that and too many transactions etc. So I voted with my feet along with quite a few other customers and pulled all my accounts from their bank. Just after the takeover I commented to my wife, watch their going to start reducing hours and close branch locations. Sure enough, earlier this month they closed both branches that we dealt with, and reduced hours at the others.
New Member
United States
19 Posts
 Posted 08/22/2007  10:32 pm  Show Profile   Bookmark this reply Add Biscuit to your friends list
I'm honestly not sure if it was integrity or that I was afraid of the consequences I might encounter down the road. If I had a 100% guarantee that I would not get caught, what would I do? I can't say for certain. I would like to say that I would still return it. I read someone's definition of integrity once and it was something like ... doing the right thing even when nobody else is around. And I think there will be a day when we will be judged for our words and actions. I was really wanting a tractor or nice riding mower to cut the grass/weeds on my 4 acre tract. But I will keep cutting a little at a time till I get it all cut. It was good to see all the responses on here who said to give it back. Guess there are still some good folks left in the world. Take care.
Valued Member
United States
367 Posts
 Posted 08/22/2007  10:59 pm  Show Profile   Bookmark this reply Add dustin43160 to your friends list
just till your 4 acres up and next year you can have 4 acres of corn!!
Pillar of the Community
United States
1231 Posts
 Posted 08/23/2007  7:17 pm  Show Profile   Bookmark this reply Add onejinx to your friends list
And sell the corn to buy a tractor or riding mower
Rest in Peace
United States
2668 Posts
 Posted 08/24/2007  02:33 am  Show Profile   Bookmark this reply Add Parklane64 to your friends list
And don't put your money in that bank.
Pillar of the Community
Australia
1262 Posts
 Posted 08/27/2007  11:26 pm  Show Profile   Bookmark this reply Add humpybong to your friends list

What no reward!

They could have given you one of there pens at least....lol
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