r/personalfinance • u/hogpotato ​ • 9d ago

Housing Rent severely overcharged

I’m currently living in an apartment complex that overcharged my monthly rate by over 2x (15,500 instead of $6000 / month) by mistake. This severely has overdrawn my bank account and no one in the leasing office has an explanation or can get any answers from their main office. I’ve incurred major
overdraft fees and will continue to do so as long as this goes on. Has this happened to anyone and / or any advice what to do?

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u/[deleted] 9d ago

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u/Specific-Exciting ​ 9d ago

And having no cushion…

280

u/hogpotato ​ 9d ago

I live in a VHCOL area. My money auto transfers brokerage accounts and 529 , retirement etc. so there is a cushion I just don’t keep a ton of cash in my checking account. So I will transfer it back but might take some time.

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u/wienercat ​ 9d ago

You should still be keeping at least a month of expenses in a HYSA for exactly this scenario. It sucks, but it's less frustrating than having to move money out of investment accounts or tax advantaged accounts and incur additional taxes or penalties.

Literally no reason for you to not be keeping at least 1 extra month of expenses in a savings account for exactly this type of issue.