Bank messed up my interest to be 3.x%

[flosed]

Just to share my story. That's the problem everyone would like to have.

just find out one of my loan got 3.x% interest rate from latest statement. Anyone got this problem before. I would not tell them of course. Just wonder what happen if they find out.

According to my understanding of bank(have been working for bank),once they find out ,they will correct it. But they would not bother what happened. To fix history record, it will involve a lot of reconsiliation work and blame game.

Hope it happen to you guys too.

 

[andrew_de_a]

I would have thought the bank will make you pay the owing money

 

[Marty McDonald]

I had one client years ago in similar position. At least a full 1% below everyone else by mistake. Just keep quiet.

 

[Peter_Tersteeg]

I'd keep quiet about it. Unlikely you'd get caught (if they haven't already seen it) and unlikely they'd want to recover the money (plead ignorance), but perhaps keep a cash reserve from the savings. Just in case.

 

[Aaron Sice]

how can they recover money "owed" if they have reduced the rate?

it's not like the OP just decided to pay 3.x% and damn the consequences.