What does the bank do with the extra money??

They invest it to make more money.

Damn banks…………trust me they’ll find it.

Company Party!!! wooohoooo

I think its a rare case.

Keep an eye on the tellers. There are many out there who know how to beat the system. If you steal money from someone they call the police, but when the banks steal money from you why doesn’t anyone call the police?

They reinvest it.

One time I had an extra $500 in my account. The bank called me the next day to inform me that they made a mistake and put somebody’s deposit in my account by mistake. No big deal.

There is no such thing as extra money

First of all – switch banks… Use Wells Fargo… unless that was Wells Fargo, then report the branch to corporate…

Chances are the bank won’t ever notice if they made a mistake under a few thousand dollars.

But this is a good lesson for everyone who doesn’t balance their checkbooks!!!!!

Keep those check stubs and balance your check book

they buy crack
why else would they make so many mistakes

Banks invest or loan our deposited money out. Now, if you made a deposit and it did not show up in your account. Chances are the teller made a mistake and put your money in the wrong account. I’m sure if the bank found it had extra money it would loan that money out too and try to turn a profit from it.

Hey i am actually at work right now and i am a bank teller, If i am off money i look through my work tape and find the account that i shorted and deposit it back in there, if i cant find the account then it goes into my overages and shorts … and i don’t know about other banks but that’s how my bank does it

They take our money, then put it into government bonds and lend money out on cars, boats, houses and the like.. Making “A LOT” more in interest than they pay us in our savings accounts..

It is big business and no longer a banker that suffers with the people in their towns… not too many Community Banks Left.. AND even at that… the owners of the Community Banks are becoming richer and richer…

Want to make Money.. Open Up A Bank With A Group Of Friends.

HOPE THIS HELPS SOME..
Good Luck

I am sure this happens more often than the banking industry would like to admit. That is why you need to keep an accurate record of your bank transactions to clear up any mishap, like this one, when it occurs. Think about it, some of these larger banks have hundreds of thousands of accounts and tellers may see hundreds of customers per day. It only takes one number punched into a computer wrong to send the money to the wrong place or give you the incorrect amount of money. The people that do the deposits, like the tellers, are human and will make mistakes from time to time. I have had a similar thing happen when I cashed a check. I wanted $100 cash and only recieved $80. Luckily, I always count my money before I leave to make sure they got it right and the mistake was easily corrected.

I used to work in a bank and part of my job was to ‘find’ the errors. Glad you kept your receipt–it probably made the job a lot easier to trace your transaction. Every transaction is coded from the teller’s machine (which printed your receipt) to the proof department (where your check is encoded and stamped with another transaction number) sorted and sent on their merry way. There can be many explainations as to why they couldn’t find it. Dishonest tellers are on the list–but they’re quickly found out and fired. If a teller is ‘over’ at the end of the day every numbered transaction is checked on her teller machine–if it’s not found they ‘extra’ money is held in a suspense account until it can be found–usually in a day or two. It works the other way too–if you get too much money–they WILL find out it was you eventually. It’s a good idea to get a receipt with every deposit, with checks you don’t need to worry so much–but with cash–always get a receipt from the teller–and watch her count it TWICE in front of you.

It probably goes into an account called Errors and Omissions. In this day of computers, mistakes are rare, but occasionally they happen. The regulators will give the bank a hard time if too much stuff appears in E&O.

They have an account called overages and shortages. The teller will most likely be in trouble for the mistake and could be counting her remaining days. Tellers help hundreds of people with thousands of transactions daily. Most likely someone else got credit for the money and the bank will be researching it to find out where it went but that can take days. Most of time everything is corrected.