Pumps' Perplexities

More and more companies are converting your 'payment by
check' into an electronic payment withdrawal from your bank
checking account......While many banks have stopped sending
your cancelled check back to you, in this instance the check
is never sent to the bank for any cancellation at all.....The
company you sent the check to just withdraws the money
and only God know what happens to your written check.....

I have 'blogged' about our possible mistake with an electronic
bill payment but now it is time to mention the mistake made
at the other end, by an accounts receivable clerk.....As has
recently happened to me, the receiving clerk entered the
wrong amount from my check into the computer which
resulted in an overpayment of the 'bill'.....I wrote $39.00
and they withdrew $39.90.....A small amount but it proves
that one must be very vigilant with the electronic/computer
handling of a bank account.....

A check with the credit card company did show that my current
balance was a 'credit' of 90 cents....No money has been lost...
Just be mindful that one small errant finger movement on a
computer keyboard, these days, could cause major problems
in any system handling money......Especially since you no longer
have a copy of your original (check) document....Pumps