Jill just finished reconciling he account balance and discovered the bank made a $567 error in her
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Jill just finished reconciling he account balance and discovered the bank made a $567 error in her favor. She double-checked her numbers and is certain the bank made an error, and the difference is not a miscalculation on her part. Jill knows the amount is miniscule to the bank’s overall value but it would help her make a payment that is due this month. Should she just let the bank find the error and use the money until that time? Or, should she report it now?
a. What should Jill do now that she has discovered the error?
b. Why is it important to notify someone of a financial math error?
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