General Question

Ana6's avatar

Is forced balancing a fraud?

Asked by Ana6 (40points) March 12th, 2015 from iPhone

Is force balancing a fraud by a teller. I was told I forced balanced

Observing members: 0 Composing members: 0

14 Answers

dappled_leaves's avatar

From a quick Google search, it sounds like force balancing is an unforgivable offence in the banking world. It doesn’t necessarily follow that a criminal charge would be made, but firing for this offence is common, and the bank may label it fraud.

Response moderated (Unhelpful)
whitenoise's avatar

Yes, it is fraud… it is providing a wrong statement of what is your drawer, or of the process of verifying that amount (which you may not have done).

It opens the road to theft and exposes the company to having wrong insight in its available resources.

Most companies will fire employees involved in forced balancing.

Ana6's avatar

I was fired for force balancing but they put a claim of internal fraud on my backgtound

dappled_leaves's avatar

@dappled_leaves Then yes, you committed fraud.

tedibear's avatar

Force balancing is a huge no-no in banking. Essentially, it’s lying. Why would you force balance your drawer? No teller is perfect, and any auditor (or any branch employee) knows this. Your outage might have meant disciplinary action, but force balancing will – and should – get you fired.

And yes, it is fraudulent activity.

How much were you out of balance? Why did you force balance?

Ana6's avatar

Actually I didn’t force balance myself . I have been always having outages since I got the cash drawer. Actually one incident is that a person came to deposit 150 in cash n I by mistake despo sited only 100 and later on at the end of day balanced at first it came I was 70$ over but later I checked I wasn’t over as one of my stacks. Of 50 n 20 were over. Later on after a few days a guy came saying I shorted him 100 n when my drawer was audited I was short 300 so basically I never forced balanced but the bank says that I did because of all this

dappled_leaves's avatar

@Ana6 Trying to present your case to us is meaningless. We have no way of guessing whether you are telling the truth or not, or whether you fully understand what you did wrong. If you were unjustly fired – that is if you did not force balance your drawer, then take it up with the bank or your union or whatever body governs wrongful dismissal where you live.

But if you were justly fired, then simply accept it and move on. You cannot change anything.

Personally, if you are “always having outages since I got the cash drawer”, then I don’t know why you are pursuing teller jobs at all. It sounds like you are not suited for this kind of work at all, for one reason or another.

Zaku's avatar

@dappled_leaves Everything is meaningless. In this case though, tedbear had just asked him about it, and even I (who somewhat loathes accounting) was curious.

Ana6's avatar

I talked to the hr they just said because I changed my denominations multiple times at the end of day it’s considered force balancing. When I said I was audited next day and everything balanced how is it force balancing and why just changing multiple denominations is considered force balncing

dappled_leaves's avatar

And did she answer your question?

Ana6's avatar

@dappled leaves All she said we believe that you changed denominations so its force balancing

tedibear's avatar

In my professional opinion, which is based on the things you have said and 16 years of training tellers, you aren’t cut out for a teller job.

The last piece about putting the wrong denominations of bills in the wrong fields of your balancing sheet might not technically be force balancing, but it is certainly careless.

Response moderated (Spam)

Answer this question




to answer.

This question is in the General Section. Responses must be helpful and on-topic.

Your answer will be saved while you login or join.

Have a question? Ask Fluther!

What do you know more about?
Knowledge Networking @ Fluther