Episode 48: The #1 Mistake People Make with Banks (This One Cost Me Big Time)

Growing the Money with Rich Lennon

Ever trusted the bank to handle your money, only to find out they completely messed it up? That’s precisely what happened to Rich Lennon.

In this episode, Rich shares the #1 mistake people make with banks: assuming they’ll get it right. He walks through a real story where a simple wire transfer turned into a mess because no one followed through and no one cared. From fat-fingered account numbers to days of silence, this is a wake-up call to take full responsibility for your money, no matter who you hire to help. If you’ve ever felt let down by a bank, this one’s for you. Listen in and learn how to avoid the simple mistakes that cost Rich time, money, and peace of mind.

You’ll Learn How To:

• Stay in control when banks or professionals make mistakes
• Track your wire transfers and avoid “dead air” weekends
• Handle missed payoffs and follow up the right way
• Communicate clearly with banks to speed things up
• Take ownership of your money (even when others are involved)

Who This Episode Is For:

• Entrepreneurs and investors who move large sums of money
• People are tired of banks making careless errors
• Anyone learning to take complete control of their finances

Why You Should Listen:

Most people assume the bank will get it right. But what happens when they don’t and it costs you big time? Rich’s story is more than just a rant—it’s a clear reminder that when your money’s involved, no one will care more than you. You’ll walk away feeling more empowered, more alert, and way less likely to let someone else fumble your finances. If you’ve got money in motion, this is an episode you don’t want to miss.

Most people assume the bank will get it right. But what happens when they don’t—and it costs you big time? Rich’s story is more than just a vent session. It’s a clear reminder that when your money’s involved, no one will care more than you. You’ll walk away feeling more alert, empowered, and ready to take control of your finances.

What You’ll Learn in This Episode:

[00:00] A banking screw-up that left Rich furious and out of pocket

[01:00] What went wrong with the two wire transfers

[03:00] The bank's errors and how they handled them

[05:00] What Rich learned (and why he’s switching things up)

[07:00] Another payoff mess and how to protect yourself

[09:00] Why blockchain and self-responsibility matter more than ever

Follow Rich Lennon here:
Website: https://richlennon.com/
Facebook: https://www.facebook.com/rich.lennon.121
Instagram: https://www.instagram.com/richlennon92/