That's pretty funny. The commenters are right, "I didn't read the contract" shouldn't fly for the bank any more than it does for any one else.
Awhile back I read an account of where a woman was offered a job with a company, and they sent her a contract with the offer. She re-typed the second page, signed the contract, sent it back, and accepted the offer. The company signed the ,she worked for awhile, then came a parting of the ways. That's when the company found out they had signed up to some interesting provisions -- I don't remember details, but the company was not pleased. When I worked in government acquisition, a key phrase of wisdom was RTFC: Read the Friggin' Contract, don't just assume...