bank error
Financial institution blunder
A bank error is a mistake made by a financial institution in processing transactions—crediting or debiting the wrong amount, posting to the wrong account, or miscalculating interest.
The phrase appears most often in the context of unexpected windfalls: bank error in your favor from the Monopoly board game has become shorthand for any lucky windfall.
In reality, banks can legally reclaim money credited in error, even after you've spent it.
- overdraftSpending past zero
- mistakeWrong action or decision
- discrepancyDifference between expected and actual
- balanceSteadiness or amount owed
- statementExpressed claim or fact
fine print · refund · glitch · transaction · wire transfer · direct deposit · withdrawal · deposit · accounting · teller · correction · funds · shortage · overpayment · bounced · check · double charge · ledger
- financial errorsdouble charge, overcharge, undercharge, wrong amount, double payment
- money troublesdebt relief, bad debt, bankruptcy filing, paycheck to paycheck, struggling
- found moneyloose change, coins, pocket change
- Accounting Errorsmisstatement, overstatement, understatement, omission