I wrote a check to my landlord that clearly states $900.00, both in numbers and words. The bank cashed the check for $9.00.
I contacted them about this and they said it was their error. I waited two months for them to fix the error or to contact me and they never did. Now that I moving, they realized the error and want the remaining amount.
Do I legally have to pay them the remaining amount? They cashed the check and it was an error on their end. Am I liable?
Yes you are liable. If your landlord only received $9.00, you owe him rent. If your landlord got the full $900.00 and the bank is out $891.00, you owe the bank and it is entitled to recover it from you.
Your bank's mistake doesn't get translated into a windfall for you. Pay up, and get a receipt.
BankingQuestions.com is a free service made possible by the generous support of our advertisers. Advertisers are not responsible for site content. Please help us keep BankingQuestions.com FREE by supporting our advertisers. When you see an ad for a product or service you may have an interest in, click through to learn more.
Accounts
Article
Q&A
Podcast
Video
Blog
Discussions
PDF
Powerpoint
Yes you are liable. If your landlord only received $9.00, you owe him rent. If your landlord got the full $900.00 and the bank is out $891.00, you owe the bank and it is entitled to recover it from you.