Huge jump in Rabobank NZ's annual profit despite almost NZ$34 mln of forgone interest

Not this Bank, but here is a wee anecdote about Banks and their current paranoia about simple amounts of interest and capital loss.

As this is the only bank blog lately, all else being taken up with the property opinions, I shall use this particular topic.

Yer tis.

I took away a largish sum of money from an Australian Bank recently.

By error they issued a Bank Cheque for one tenth of the amount, so had to re-issue another.

Weeks later all hell breaks loose, with urgent phone calls, letters and late night calls to my wife and I  because the holding account was way overdrawn to the tune of the 1st cheque issued.

It was easy to put it right the next day, when I explained what the simple error was and that it was their error after all.

The electronic process had been impaired, I had not stolen their meagre amount, however it seems that they thought it was my fault, somehow.

In these days of daily electronic accounting and balancing, you would have thought that this matter would have been simply recognised and fixed up without the hysteria and involving me visiting said bank and them asserting that I had overdrawn this account somehow.

Not one of the dumb banking officials had even looked to see if the cheque had been cashed or deposited or blown up their own arse.

No, the sum was still sitting in their electronic Bank Cheque account uncashed, unwanted and lonely, though my account acruing exponential penalty interest consequently.

All is well that ends well and it is now sorted. I trust.

But never trust a bank that is so unaware of just what could have happened, if they had only looked, before they leaped.

Not that there was an apology forthcoming either,  over upsetting me the customer, oh no!.

What about the good customer always being right and put first.  

Panic over, but what a panic over a really insignificant amount in the big scheme of things.

I dread to think what the Crafar ordeal cost the Banks.

A few heads must have rolled over that little accounting error.

Maybe, that is why we are all paying for the priviledge of banking with these superlative Aussies locally.

There is no accounting for that.

Or maybe a Government Bailout to the tune of 1.3b and Waltzing Matilda is part of the cause.

Or was that another cock up of a different sort.

As an aside, maybe Mr Hickey could suck up to Mr Key or Mr English and do some real reporting and see just which MPs and other illustrious honerable people were invested in that little bail-out.

I would like to see a published list of who benefitted from that bail-out to set my mind at rest, that it was not just Ma n Pa saver.

I shall believe it when I see it.

Accountability should be transparent.

It should not be foisted on wrong people the good customers.

In my opinion.

Eh.

Cannot be bothered to login again. Not worth the effort, nor the time. But here is another observation.

And one link below, for the nutters.

You be the Judge. 

Though what Judge of character sits on todays bench, I ask myself. 

Personally, I think the judges need the psychologist. The nutters are winning.

http://www.trademe.co.nz/jobs/healthcare/psychology-counselling/listing-365519116.htm

Did ya read today how the Mafia get off lightly.

They employ a tame psychologist.