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Billing Error
A mistake on a billing statement or invoice. This could include incorrect charges, duplicate charges, or charges for services not provided.
More Details
A billing error is a mistake on a billing statement, such as an incorrect charge or a charge for a service that was not provided. Usually they are a result of a mistake made by the person or organization issuing the bill, or a mistake made by the account holder when providing their payment information.
Example
If you examine your credit card bill and notice that you were charged twice for the same item, this is a billing error. You can rectify this error by calling the credit card company and disputing the duplicate charge.
Related Terms
Prepayment
The issuing of payment for a bill or debt before the official due date.
Withdrawal
The removal of funds from a bank, savings, or investment account, as allowed by the terms and conditions of that account.
Bill Pay
A service offered by banks and other financial institutions that allows customers to pay their bills electronically.