Mrs T Posted August 21, 2012 Share Posted August 21, 2012 If you have more than one bank account in a company that automatically transfers money between accounts when you use the lesser interest account for purchases, you should check every time you purchase anything. My bank ALWAYS moves more than the required amount. This enables the bank to reduce the interest to the customer on the higher interest account by whatever amount they have OVER MOVED. It maybe only pennies, but 20 million pennies sure amount to a lot of gain on their side. Banks and like companies make a fortune out of monetry decimal places. I knew an insurance company who ran their entire sports and social club from the decimal points they gained when dealing with customer accounts, this included sending members overseas as well ! Mrs T Link to comment Share on other sites More sharing options...
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