There is a misconceptions that banks (1) are honest and (2) do not make mistakes.  I mostly believe in the honesty of banks because tellers that work with customers have nothing to gain by being dishonest.  But an incident that happened to my wife quite recently for a significant amount of money made me suspect of #2.  This is our story.  Many years ago I invested in a friend’s shopping centre in the U.S.A along with many others  and received a monthly cheque in American funds as rental payment.  My wife took the American cheque into our bank to deposit it into our bank account.  But let me backtrack a bit.  My wife, bless her soul, checks every transaction that we have with the bank, no matter the amount of the money involved.  I always thought it was a waste of time as what could the bank have done with the cheque but put it into our bank account.  She went online but could not find the deposit in our bank account and because it was a Sunday she waited until Monday to actually go into the bank and check.  The teller that my wife had dealt with was on her day off and she got a senior staff member to look into it.  The bank was able to look at all the transactions that the teller had made in the previous 2 weeks and was able to see that the cheque had gone into another bank account with a similar account number.  It is my belief that the person receiving that money might not have notified the bank that the deposit was made in error.  The moral of this story is don’t take anything for granted when it comes to banks.  Always double check!

Name of author

Name: Murray Rubin

Short Bio: I was born in Toronto in 1931 to a wonderful mother who divorced shortly before my birth. I owe a great deal of my success to her. I am Jewish but not at all religious, yet my culture plays an important part of my personality. I attended Harbord Collegiate and U. of T. Faculty of Pharmacy. A unique mail-order pharmacy was the first of my endeavours in the profession, followed by many stores throughout Ontario. I have a loving wife, 3 children and grand-children and I am now retired from pharmacy. But what do I write about? Everything! My topics are funny, serious, whimsical, timely, outrageous, inspiring, and inventive. I promise that if you take the time to read any one of these topics – you will not be sorry.

6 thoughts on “BANKS CAN BE A PROBLEM

  • This also happened to us here in Rehovot Isreal. And like you wife, my wife Miriam, checks every bank transaction on our computer at least twice a day, no kidding. She caught the mistake and the money was returned with a polite sorry.

    • Rachmiel– Ha I remembered your Jewish or Hebrew name Thank you for reading my blog and I would be remiss if I did not say I thought my wife was wasting her time. How wrong I was Murray there are so few left from our era stay well and happy. I can think of only one Bernie Langer

  • In this instance because Roda was changing American to Canadian the teller made the mistake to an account number close to Rodas.

  • As I said in ourphone conversation, make our deposits to an ATM machine at a branch of your bank. The machine identifies you by your client card and your pass code. I don’t know the mathematics of it, but the chance of error must be almost nil. When your transaction is complete, the ATM delivers a receipt with the time, date, value of your deposit (or withdrawal) and new balance. It’s also can be faster than dealing with a teller.


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