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The $1100.68 Saga.

9 August 2012

Well, it’s no saga yet. There’s a company in New York that owes me $1100.68. Let’s nevermind why. It’s a legal debt. So, as people who owe money usually do, they sent me a check. And I deposited it. And it cleared, several days later. Now, it has been withdrawn for insufficient funds. Complicating this is the fact that my facebook account was hacked yesterday, and even though the email I used wasn’t associated with my bank account, I did use the same password. I know, stupid stupid.

Now, I think the facebook hacking was purely coincidental. If a malevolent entity had gotten control of my bank account, they could’ve just transferred a bunch of money out. It seems like taking the money via a transfer would be more straightforward than faking some weird insufficient funds scenario on a single check deposited a week before. So I think that the facebook hack is a red herring. But I can’t be certain. I do know that no other funds were stolen. And I went ahead and changed the passwords on every account I’ve ever had. (The most secure password? NONE. They’ll never expect it!*)

So now I’m in a bank feud over who owe what to me. One bank says it was refused for lack of funds. The other says there were plenty of funds in the account. Somebody’s wrong. Or something. I’m owed $1100.68, and I intend to get it. But here’s the amazing thing: I’m not that upset.

First of all, of course, I’m not going to miss any meals because of this. Even though that’s a lot of money, I have a good job and a nice home and I’m solidly middle class. So while no one likes to be out a big chunk of cash, it’s nice to have the perspective that this does not actually impact my financial circumstances all that much. It’s easy to get bent out of shape looking at a big number, and I’m glad that I can stop and recognize my circumstances, and be grateful that I’m not in a position where this represents my food or rent.

Second of all, I’ve learned patience some. I am still an impatient man (generally a redundancy), but I am capable of exercising my program about it. Being impatient brings me grief. This will get sorted out. I am pleased that I know how to pause and recognize that things get taken care of in their own time, not instantaneously, at my demand.

And in fact, while I was writing that last paragraph I got a call explaining that the reason the check wasn’t honored is that there was some kind of physical problem with the check itself, and the bank chose to not honor it rather than risk fraud, apparently. Abundance of caution and all that. I suppose it makes sense to temporarily inconvenience a customer rather than give $1100.68 to the wrong person. They’re going to fix it with a wire transfer.
So that’s the whole story, I hope, of the Very Little Saga of the $1100.68.

___________

*This is not, in the strictest sense of the word, true.

2 Comments leave one →
  1. 13 August 2012 13:17

    Apparently, your bank doesn’t know the law. According to http://100feed.wordpress.com/2012/08/08/100feed-man-deposits-junk-mail-check-for-95000-bank-cashes-it/: “There is no 10-day rule that protects you on a bounced cheque. It is a 24-hour rule! In the United States, when a bank receives notice that a cheque paid into your account has bounced, it has 24 hours to notify you and, if it fails to do this, you are safe to spend the money”. Nice to know it ended well, though.

    • 13 August 2012 13:44

      I’m sure you’re right, and I’m not willing to worry about it. I didn’t bounce anything, so all’s well that ends well for me.

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