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The Times & The Sunday Times
The Times & The Sunday Times
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Bankers’ logic

From Mr Mike Matthews
The Times
From Mr Mike Matthews
The Times

Sir, I have just received by first-class post a letter from my bank informing me that it has transferred £0.01 from my current account to my savings account to clear the overdrawn balance on the latter.

The accounting is clear, correct and beyond dispute, but the economics leave me completely bewildered.

Yours faithfully,

MIKE MATTHEWS,

198 Little Ridge Avenue,

St Leonards-on-Sea,

East Sussex TN37 7HN.

August 24.