NetNews Usenet Archive 1992 #19/NN_1992_19.iso/spool/misc/consumer/16027

Text File | 1992-09-02 | 2.8 KB | 56 lines

Newsgroups: misc.consumers
Path: sparky!uunet!ftpbox!mothost!white!sapphire.rtsg.mot.com!coal8!minor
From: [e-mail] (Kevin Minor)
Subject: Re: Endorsing checks for deposit via ink stamp?
Message-ID: <minor.715466156@coal8>
Sender: [e-mail]
Nntp-Posting-Host: coal8
Organization: Motorola Inc., Cellular Infrastructure Group
References: <[e-mail]>
Distribution: na
Date: Wed, 2 Sep 1992 20:35:56 GMT
Lines: 42

[e-mail] (Will Martin on 9000) writes:

|>A similar thing happened to me once. I had paid my electric bill at
|>the courtesy window at my neighborhood bank, giving them the bill and
|>a check made out to "Union Electric Co." (our local utility); they stamped
|>the bill "paid" and gave me the stub. This was in plenty of time before the
|>bill was due.

|>Comes the next month, and I get my electric bill. It shows no payment for
|>the previous month and a "past due" notice. At the time, I worked one block
|>from the electric company customer-service office, so I take my stamped
|>bill stub and the new bill over there. They insist that the stamped stub
|>is no proof that I paid.

|>I call the bank where I had paid. It turns out they knew about the problem;
|>they had sent a whole batch of electric-company payments to the *gas*
|>company instead! What was even more astounding to me was that the gas
|>company took the checks and deposited them, and they cleared the bank
|>as valid "Laclede Gas Company" deposits even though the checks were made
|>out to "Union Electric Co."! When my cancelled check came back to me, I
|>could see that it was processed without endorsement to the gas company's
|>account. So much for expecting a bank to even look at the payee name on
|>a check deposited by a major customer! (These are two entirely separate
|>entities here, by the way; I know that some localities have a combined
|>gas-and-electic utility, but here in St. Louis they are independent
|>private companies.)

Here's another twist:
I once wrote one a check for a telephone bill but unfortunately, I
mis-read the amount and wrote the check out for an amount slightly less
than what was due. Well, when my bank statement comes in, it didn't match
the balance that I had. So after going thru and comparing had and cleared
and what hadn't, I still could reconcile the statements.
At that point, I started comparing all amounts of checks that I wrote
and the amounts that the bank cleared. I found out that the bank had
cleared my check for the correct amount of my bill due instead of
the amount that I wrote the check out for.
--
    /~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~\
    |    Kevin Minor    UUCP: ...uunet!mcdchg!motcid!minor    |
    |            Mail: [e-mail]        |
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