Rounding error.
Fees add up. Banks should understand that.
@Publisher …our account had $250K after the expected wire and the unexpected $165K wire…sloppy wording on my part…
Back from vacation. So, got a text alerting us that the $165K was being deducted from our account, less the $15 wire fee. Finally. Then, a few minutes later…got another text that $165K was being deducted from our account, less the $15 fee. Hmmm…good luck with that one! H was convinced we’d get hit with an insufficient funds charge.
Next day, account showed that only one big amount deducted. Oh, and also, we got charged $35 for the outgoing wire! LOL…
The title company today reimbursed us $35…and one month later, we are finally done with this fiasco…and just have our measly account balance! Oh…and $1.21 of interest!
Finally!
Winner winner chicken dinner. Hope you had a great vacation although Belize would have been awesome!!
Well, the $1.21 interest can buy you a senior coffee at McD’s.
Escrow the $1.21. Some dingdong somewhere will come at you for this.
Seriously, though, congrats for ridding of yourself of this nonsense. And while I won’t tell you what to do, PLEASE CHANGE YOUR BANK!
PHEW! Sorry you had to endure this crazy ordeal.
When I read this post about the money starting another journey, I rushed to check my account, but no luck.
P.S. Checked my email. Received notice from “US Federal Reserve Bank Corporate Office 33 Liberty St. New York NY US$15,500,000” in spam folder.
This whole escapade is amazingly incompetent.
Indeed, it looks like a three-ring clown circus!
But in the end the title company paid off the first loan and then wired the same amount to the OP’s account? The title company’s books were off by $165k?
I think they should have been a little more worried about it.