Sacramento Man Writes Check For $400, Bank Reads It As $4,000. What It Took To Get His Money Back. SACRAMENTO – A Sacramento man said his bank added a zero to a check he wrote. When it put his account in the red, he reached out to CBS13 and the Call Kurtis consumer investigative team to ask for help. But, what really upset Gerald Monroe Mann was how long the bank told him it would take to fix the mess. "How can you treat me this way?" asked Mann, a longtime customer of Wells Fargo Bank. Mann wrote a check for $400. It's handwritten in words, too. But, Wells Fargo interpreted it as $4,000 and that drained Mann's checking and savings accounts. The scenario put him nearly $900 in the red. "I'm not rich," Mann said. "Yeah. Money is important." Mann spent hours on the phone with his bank. He said they told him it would take 10 business days to investigate the matter. That left him without access to his own money. "Now I'm screwed be...
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for what you need. "They should prepare for higher health costs; things like mobility issues. You don't really think about that, but a lot of times that's not always covered. When a mobility issue comes up, you'll have to pay out of pocket for it," she said. That's where your emergency fund can come in. Your emergency fund should be larger to protect your retirement account, Wheaton said. "You generally don't want to pull large sums of money from retirement accounts at one time. If you do have an emergency or a medical expense you have to pay for, it's nice to pull it out of your emergency fund, as opposed to pulling it from your retirement account." That way, your retirement money will continue growing and be there when you need it, while your emergency fund will help to make sure the unexpected is covered, too. Liz Knueven Personal Finance Reporter

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Sacramento Man Writes Check For $400, Bank Reads It As $4,000. What It Took To Get His Money Back. SACRAMENTO – A Sacramento man said his bank added a zero to a check he wrote. When it put his account in the red, he reached out to CBS13 and the Call Kurtis consumer investigative team to ask for help. But, what really upset Gerald Monroe Mann was how long the bank told him it would take to fix the mess. "How can you treat me this way?" asked Mann, a longtime customer of Wells Fargo Bank. Mann wrote a check for $400. It's handwritten in words, too. But, Wells Fargo interpreted it as $4,000 and that drained Mann's checking and savings accounts. The scenario put him nearly $900 in the red. "I'm not rich," Mann said. "Yeah. Money is important." Mann spent hours on the phone with his bank. He said they told him it would take 10 business days to investigate the matter. That left him without access to his own money. "Now I'm screwed be...
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