Honesty is the best policy: Deposit discrepancies

first_img 5SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Have you taken a look at your receipt after buying several items at the store or eating a good meal at a restaurant, only to find out that you haven’t been charged for something you got? Or that you were charged for something extra that you didn’t actually order or want? Besides feeling somewhat more fortunate, or unfortunate than usual, you might feel (especially in the latter case) like you need to go back and make things add up.A small discrepancy on your restaurant bill isn’t of much importance, but discrepancies in the accounts of financial institutions are a much bigger deal. In May of this year, the CFPB, the OCC, the FDIC, the NCUA, and the Fed issued the Interagency Guidance Regarding Reconciliation Practices for deposit discrepancies. The guidance focuses on the correct way to handle those discrepancies.When customers deposit money into their accounts, the amount the financial institution actually puts in their accounts sometimes doesn’t match up. Discrepancies between intended deposit amounts and actual deposit amounts happen for a variety of reasons. Maybe the deposit slip was written sloppily or inaccurately, or there was a glitch in the image-capture process. continue reading »last_img read more

Westport Winery Installs “Rapture of the Deep” Sculpture from Opal Art…

first_imgFacebook0Tweet0Pin0 Submitted by Westport WineryWestport Winery’s latest sculpture commemorating their platinum medal winning wine, Rapture of the Deep, is now on display. Johnny and Darlene Camp of Opal Art Glass in Cosmopolis, Washington, installed their latest contribution for the winery’s public, outdoor sculpture display the first week of March. This illuminated blown-glass creation resembling a giant blue jellyfish hangs under a black gazebo adjacent to the winery’s exotic Color Wheel Garden.The Opal Art Glass team has previously designed and built three other sculptures at the winery. The first was for Surfer with 70 arcing glass tubes that form a breaking wave, the next was Shelter From The Storm with a series of undulating glass umbrellas, and the last was Float with over 200 glass floats in a spherical metal frame. According to winery co-owner, Kim Roberts, “Working with Opal Art Glass is one of our favorite collaborations. Johnny and Darlene also produce our unique wine bottles designed to look like Japanese fishing floats. We’ve had a great time working together and have become good friends.”The winery crafts 33 different wines and three hard ciders. They have commissioned local artists to honor each wine with a sculpture on their 66-acre grounds. In addition, they have sculptures in each of their seven destination gardens along with a central figure in their lavender labyrinth. The sculpture garden is open daily, there is no charge to experience this art display, and all ages are welcome. The winery even offers complimentary umbrellas for guests who wish to stroll the gardens on rainy days. Guests are welcome to have their canine companions accompany them in touring the gardens on leash or they can enjoy the winery’s off-leash dog park as well.A portion of the proceeds of each of Westport’s wines benefit different local charitable organizations. Rapture of the Deep benefits Aberdeen’s Driftwood Theater.last_img read more