bank charges
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Postmaster
Joined: Mar 2008
Posts: 3,593
Likes: 2
From: Prairieville, La
bank charges
I sold a truck to a friend the other day. He paid me with a check. I went to his bank to cash the check and they charged me $5.00 to cash the check. If I had deposited it in my bank, my bank would have held the funds until the check cleared. Were they correct to charge me for cashing their check from their bank?
Hotshot
Joined: Aug 2006
Posts: 17,398
Likes: 317
From: Whittier, CA
What do you mean? I doubt if it was an accident, and I doubt if the teller put it in her pocket. So I guess we would have to say they were correct.
Oh, you mean is it fair? You are not a customer, and they provided you a service, so I guess I would say it is fair. I would also say it was well worth it to you to be sure the check was good and you got your money before other debits depleted the funds.
Must be a hell of a friend. He could have went to the bank with you and saved you $5.
Oh, you mean is it fair? You are not a customer, and they provided you a service, so I guess I would say it is fair. I would also say it was well worth it to you to be sure the check was good and you got your money before other debits depleted the funds.
Must be a hell of a friend. He could have went to the bank with you and saved you $5.
Post Fiend
Joined: Oct 2004
Posts: 10,418
Likes: 0
From: SpringHill,Fl
I sat in line for about 10 minutes at the drive thru to cash a check (not my bank).
Got to the window and they tell me I have to go inside. %^$%%##% So I wait in line inside for 15 more minutes. Finally get to the cashier and she spends 5 minutes looking at the check and running the numbers and asking for my ID before she told me there was a $5 fee. I was a little upset by now...casheir asked if I wanted to start an account to save the fee and I said F no!...shoulda seen the look on her face! Made my day!
She gave me the money minus the $5 and I just grabbed it and walked out before she could say anything else.
Got to the window and they tell me I have to go inside. %^$%%##% So I wait in line inside for 15 more minutes. Finally get to the cashier and she spends 5 minutes looking at the check and running the numbers and asking for my ID before she told me there was a $5 fee. I was a little upset by now...casheir asked if I wanted to start an account to save the fee and I said F no!...shoulda seen the look on her face! Made my day!
She gave me the money minus the $5 and I just grabbed it and walked out before she could say anything else.
Post Fiend
Joined: Jul 2008
Posts: 7,765
Likes: 7
From: home's where the heart is
oh, that is nothing....I went to cash my paycheck......remember I said paycheck....at the bank that it was drawn on....and they told me I was gonna have to pay $5 to cash my paycheck at the bank it was drawn on becuase I didnt have an account (reason I didnt deposit in my bank was because the business was selling out and had a little bit of problems with finances).....and to boot.....it was MY families business.....but since I didnt have an account at THEIR bank and I didnt want to risk putting it in MY bank and HOPING it would clear......I PAID THE $5 dollars.....I made sure the rest of my checks were in the form of cash.....I took my paystub to the store and had them drag it out of the drawer as a payout....still paid my taxes in and didnt lose my $5 bucks each week.....thats a tank fillup every month for me, or it would pay my water bill for one month......etc.....living on one income, and supporting 6 children, I need every $5 bill I earn!!!!
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Postmaster
Joined: Dec 2003
Posts: 3,130
Likes: 3
From: Massachusetts
I sold a truck to a friend the other day. He paid me with a check. I went to his bank to cash the check and they charged me $5.00 to cash the check. If I had deposited it in my bank, my bank would have held the funds until the check cleared. Were they correct to charge me for cashing their check from their bank?
Sounds like you went to Bank of America.
I did a side job and was paid by check. I wanted to cash it and not deposit it so I went the the bank were it was drawn, Bank of America. I was charged $5.00 to cash the check and I had to give a fingerprint.
I did not care too much because the check was for a few hundred but in the check was for $20 I would have walked out.
FEES FEES FEES
All banks have their own form of stealing money.
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Post Fiend
Joined: Jul 2008
Posts: 7,765
Likes: 7
From: home's where the heart is
mine was a little over a year ago......and most of the tellers were either related to me or high school friends.....(small town)......and they said at that time it was something they just started....one said "I think it is a way to drum up more customers"
AAUURRGGHH~~~~
AAUURRGGHH~~~~
Thread Starter
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Postmaster
Joined: Mar 2008
Posts: 3,593
Likes: 2
From: Prairieville, La
It was regions. My bank is capital one and also charges the same fee. I think its crazy.I could understand the fee if I cashed a capital one check at a regions or whitney.
Charging a fee to cash a regions check at a regions bank is nuts. I guess from now on when someone pays by check you have to add $5.00 to the amount for check cashing fees.
Charging a fee to cash a regions check at a regions bank is nuts. I guess from now on when someone pays by check you have to add $5.00 to the amount for check cashing fees.
Elder User
Joined: Apr 2008
Posts: 699
Likes: 0
From: fillmore calif.
i'm with bpounds. if you don't have an account then you should pay for their service. too many people want something for nothing. go to a different atm than your bank and there is a fee. bank of america charges a fee on top of the one you pay at a different atm. nobody cries about that.
Government Teat-sucker
Joined: Oct 2003
Posts: 9,748
Likes: 1
From: Virginia Beach
i'm with bpounds. if you don't have an account then you should pay for their service. too many people want something for nothing. go to a different atm than your bank and there is a fee. bank of america charges a fee on top of the one you pay at a different atm. nobody cries about that.
Hotshot
Joined: Aug 2006
Posts: 17,398
Likes: 317
From: Whittier, CA
Profit, is not a dirty word.
I think these kind of fees started at least 10 years ago. About the time when free checking accounts became the norm. Almost no one charges for a checking account any more. Long ago, it used to cost me a monthly fee for every checking account, unless I had a really high balance. They have transferred some of the cost of doing business from their checking customer, to their check cashing non-customers. Seems okay to me. It's up to each bank to set their own fees.
There is risk involved every time they cash a check.
I think these kind of fees started at least 10 years ago. About the time when free checking accounts became the norm. Almost no one charges for a checking account any more. Long ago, it used to cost me a monthly fee for every checking account, unless I had a really high balance. They have transferred some of the cost of doing business from their checking customer, to their check cashing non-customers. Seems okay to me. It's up to each bank to set their own fees.
There is risk involved every time they cash a check.