The effort of a company Man

An interesting story in the life of Polymath Enterprises, LLC (FL) occurred today when I finally got time to follow up on some alarming news. My bank account was overdrawn. Albeit considering the name of this blog contains the word slacker, I did and do take the financial interests of the company seriously. I am not trying to run a disreputable company, inconsequential though it may now be.

The takeaway from the experience is that my company owes a bank called BB&T a small sum of money.

I keep records of my company of course, and I try to keep separate my personal expenses from those on behalf of the business.

I did find it odd that I didn't receive a statement for a few months. That is to say my impression of the history is that I did notice something was amiss.

Today I learned that when BB&T took over BankAtlantic's banking business in Florida, my statements were listed as "undeliverable" in their banker reporting system. I received a statements from BankAtlantic at my present company address until February 11, 2012.

I should stress that the transaction I consider a possible cause for my balance being incorrect to my accounting was likely due to an overcharge I remember, though not the specific day or month. I then submitted $55.24 more in charges with a balance of $4.40 available. That sum is compounded by the banks 2 $35.00 incident charges and the 3 $8 fees for account neglect... that same account who's statements were "undeliverable". If you're counting along at home that's -$50.84 in an account I was sure had $108.24, and $94.00 in banking fees.

I'm now told 60 days is the standard for reporting an error on your account charges. A bank representative for the new account was kind enough to give me 2 old BankAtlantic statements for free, though she says she's instructed to charge $5 per statement of old BankAtlantic accounts. So I guess I'm up $10 in value bucks. #Facetiousness

For now, I'm left with a consideration. I can let this amount be charged off of the bank's record under my company name, be sold into collections and hounded for a couple years, effectively burning a bridge in the official world of financial transactions for the record of my company, or pay the account back to positive territory, with hope for an account manager sensitive enough to waive some of the banks fees.

I have no idea why my statements were withheld when these 2 companies exchanged part of the banking business of the state of Florida. I have no explanation for the bank reporting my statements "undeliverable". I do know that I can add and subtract, and that I'm trying to take my company seriously.

Rather, it was suggested to me at my new bank that I should take better care of my account by using online banking. It seems there is a problem with the way my company can't see into the future or know all the iterations in the world of mistaken/complex transactions. At least not without statements.