RANT

[llPa1nll]

Ok. So follow along I do a favor for a friend. He gives me a check for said favor. I go to his bank to cash the check. I dont have an account at this bank. I get charged a $5 fee to cash the check drawn on his bank. Is it me or does anyone else see a problem with this?

> > >

[burleytog]

Why would you take it to his bank?

[skunked_again]

Ok. So follow along I do a favor for a friend. He gives me a check for said favor. I go to his bank to cash the check. I dont have an account at this bank. I get charged a $5 fee to cash the check drawn on his bank. Is it me or does anyone else see a problem with this?

> > >

id give the check back and ask for cash.

[Sfritr]

Why would you take it to his bank?

yeah, good question??? :-/

[Daniel My Brother]

You are right to be ticked. That makes no sense to me at all.

[llPa1nll]

Why would you take it to his bank?

yeah, good question??? :-/

Didnt plan on it that way, I was at Sam's Club his bank is in the same plaza. Was merely convenience, or so I thought. 

[Root beer]

Could have taken it to your bank and not get charge at all...Lot of banks charge people for cashing checks if they do not have an account with the bank.

P.S. My bank has a sign in the lobby and drive-thru that states this policy.

[seyone]

It sucks but they are running a business, they have the right to charge for a service.

[-HAWK-]

Ok. So follow along I do a favor for a friend. He gives me a check for said favor. I go to his bank to cash the check. I dont have an account at this bank. I get charged a $5 fee to cash the check drawn on his bank. Is it me or does anyone else see a problem with this?

> > >

The only problem I see is that your Friend wrote you a check, instead of giving you cash. Any bank I have ever been to charges a Fee to cash a check unless you hold an account there.

[Fishing Rhino]

I didn't realize they could charge a fee for a check  on one of their accounts, whether or not the person cashing the check has an account at said bank.

[fishfordollars]

Common practice, just deposit it in your bank, or ask for cash from now on. My bank, and any other I know of in this area do the same thing.

[firefightn15]

You got hosed.  That check came out of an account from their bank.  There shouldn't have been a service fee, that's bull.

[SirSnookalot]

This is the new era in the world of banking, years ago there would never have been a charge.  Banks will be nickle & diming us and reducing credit limits.  I did see a story on the news where an attorney is taking suit against a major bank for raising his credit card interest rate to 29%(paying the statement in full, there is no interest charge), hoping for a sympathetic jury.

As history repeats itself it's only a matter of time until they start begging again for your business, we have been getting some of the pre approved credit cards in the mail again.

[joshuaryan]

I've never heard of a bank charging a fee to cash a check drawn from their own account holder, even if you didn't have an account there.  I'd be upset also.

[Dan:]

It's the same way for me. My bank only has one branch even remotely close to me so I have to drive out there when I want to do something that requires me to be there in person. When it comes to checks, I just mail them in now. It takes a few days but it's free.

[eastkybass]

Most banks don't charge on there own accounts that was a bit of a suprise to hear.

[Tokyo Tony]

Pretty soon we won't be able to withdraw cash from our own accounts, period.

[lightsout]

I agree if it's their check whats the big deal? It's not like they risk bouncing it.

Stupid fees like is one of the reasons I closed my Stank of America account.  I had a checking account with them that I didnt really use that only had about $55 in it a few years back. After about 3 or 4 months I needed some extra quick cash and swung into a local branch to make a withdrawel, they tell me that my account was now NSF due to monthly "inactivety fees". They had the nerve to tell me I owed THEM money.  >

[bmadd]

It's common practice, albeit it's a practice I don't really agree with as long as you or the name on the check has an account with the bank. A fair amount of banking reform needs to be established. Something I had heard at one time the government was going to look into. We shall see.

[moby bass]

Not starting any political discussion, but gov't regs are probably the problem, not the solution.  Competition is best.

At the rate banks are buying each other up, I fear the time when there are only about 5 in the whole country to choose from.  You will be at their mercy.  As our local banks got bought up by the bigger financial institutions, fees increased, service decreased and loan and mortgage decision making was removed from the local community.  We still have one small local bank, which is where I have my mortgage.  I can still go in and talk to people I know.  They service their own mortgages, too, and don't sell them off.

[fish-fighting-illini]

  The key here is it's a check on that bank. There should be no fee to cash that. There's be no fee if you deposited in your bank so why a fee in person?

  I've heard where some banks want to charge extra for you coming going in-person rather than electronic etc.

   Nutty world it has become.

Lightsout... yours is one of the funniest things things I've ever heard!