Please, learn from my stupidity, because no one needs this kind of blood pressure spike. Confirmation pages for online banking transactions exist for a reason, and should not be skimmed in autopilot.
So, I owed the sewer folks some money. Typical for owning one's own home, yes? I'd managed to miss a few of the last bills (no, actually not the stupidity I'm going to show you; they don't flip out on that and the interest is excruciatingly low), so I owed 'em around $80. Not exactly enough to break the bank, right?
Except when you miss the decimal point.
Yep. I got my transaction email for it yesterday, and there was a debit for nearly 8 large. As in, four figures. As in, more money than I generally ever keep hanging around in the checking account. I about fell out of my chair, and I know my eyes bugged out as far as they're able. PANIC! To compound things, it was 6:30pm. Utility office was closed, so was the bank. It was all I could do to remain relatively calm and not run in a tight circle screaming "WHATDOIDOWHATDOIDO"
J said if anyone could help calm me and tell me what to expect, his mom could, 'cause she's dealt with money lots being a CPA and managing their business (obviously, not because this is something she'd done, she's far less prone to making stupid mistakes such as this). So, I called her. She said not to worry, just call the bank very first thing in the morning, and probably they wouldn't have accepted it anyway even though it was showing right now in the system. She said there was really no reason at all not to be able to sleep at night over it, and it should end up alright.
She was right, and it was simpler than I thought it ever could be, but goddamn. With a few checks that should be hitting shortly plus needing gas money for the MN trip gas pool, it could have been incredibly awful.
I called the bank this morning at 7:30am when the branch opened. The man I spoke with said he wasn't even showing it anymore; I logged into the bank's online system and wasn't seeing it either. He said it probably was automatically rejected, that they wouldn't have accepted such a large amount of overdraw likely anyway. He looked in, and he did see it but that it didn't go through. He also said he'd give the bank's state office manager a call and make sure it didn't get forced through.
To make sure there were no loose ends to surprise me later, I also called the sewer company, account number in hand. Their system didn't even show it, so no bounced check fee to worry about either. She said it happens more often than you'd think, and that sometimes the bank isn't so conscientious or doesn't have the failsafes or whathaveyou and it is allowed to go through, and then the sewer company has to refund it, and there are the overdraft fees, and it takes a few days to get sorted. So, I got off very lucky. (I did have the funds in the savings account to cover the overage in the event I needed to until it was refunded, but that'd be most of it and I'm very thankful I didn't have to take the overdraft hit plus the lack of interest for that month plus the fee for going below a certain amount on that account.)
In sum: double, nay triple check that amount on the confirmation page when setting up online billing! Writing a physical check, or calling it in, it's very hard NOT to write or speak everything properly. It is dangerously easy to miss typing a period where it should be; indeed the key may have been pressed but not hard enough. Don't just glance at it, note that the numbers are all there and the date's fine, and rush through that screen because you've seen it hundreds of times before.