Paying the Price for Bank Mistake

Summary


Each day, small-business owners, local organizations and church volunteers across America carry bags of checks and cash to a nearby bank with their receipts.

It's about as low-tech as you can get, but the system usually works. A teller matches the contents with the deposit slip, gives the courier a receipt and the proceeds get credited to the appropriate account.

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Extract


Paying the Price for Bank Mistake

At least that's the way it's supposed to work. But as a Teaneck church recently discovered, the supposed-to's and the did-happens can be radically different -- and it can be a long, frustrating experience ge...

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