Almost like they want us to go strictly cash.
Which works for me.
I always thought when someone gave you a check it was a promise that the bank would give you that amount of money in exchange for the check. Yet, if you take the check to the bank it’s written on they will charge you to cash it. Thus, the check isn’t worth the amount written on it.
Thank you Barney Frank for screwing the little guys.
I believe it’s $5 for the same from Toronto-Dominion.
More bankers being stupid stupid stupid stupid.
Just hastening the day when we elect someone like the Fake White Indian to nationalize the banking system and frog march them off to Leavenworth as they dance and cheer in the streets.
I dont think it is legal
They cannot give you a checking account, checks to use, and then tell people they have to pay to get the money you have given them through one of those checks
I screamed last time they tried this at my bank - i said this is DRAWN ON YOUR BANK- YOU HAVE TO CASH IT
They “waived” the fee (and never asked me again)
Organize a run on the bank.
Put a few people with placards on the sidewalk out front and watch the fun begin!
Charges on cashing checks are to those who don’t have an account with the bank, but if the check is drawn on the bank, there should be no charge for cashing. $7 is way too much to pay. I would change banks, to a small or state bank rather than open an account at these banks that do this.
I am sure some Business Socialist will have some interesting spin on why someone should be charged for getting money from someone who authorized them to get the money
A lot of credit unions have business accounts now...be foolish for any small business to do any business with a bank
Hey, lets do another Bank Bailout!
Real jag-offs, SunTrust Bank is. They won’t allow my mother to close an account even though she has moved out of their territory. They insist that she appear at one of their branches in person to close the account.
Immediately close the account, remove all the money and go elsewhere. Don’t even take a breath before doing this.
My bank does the same thing. Know what my solution was?
I had my employees endorse their paychecks over to me, then at quitting time they followed me to the bank with the endorsed paychecks. I cashed the $#%^ing checks one at a time sans shyster fee and had the teller put the cash in separate little envelopes and I put each employees name on each envelope and then handed out the envelopes.
Stupid banks.
Last time I checked, Walmart cashes checks free of charge. Chances are that anyone that gets one of their checks is closer to a WM than a branch.
Wells Fargo will not let you use more than $1500 a day with their debit card! No matter how much you have in their account! I am looking for another bank.
It looks as if the leadership of Sun Trust banks think, like most liberal/progressive/socialist/dimocrats that they can charge whatever they want for their “valued services” and no one will adversely respond to it.
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The fee is for going into the lobby (or drive thru) as I understand it, with non-account holders using bank personnel time. If the check recipient simply deposits the check into his/her account, there is no fee. Most banks have a policy to allow them to collect the fee, but few actually do it.
I informed the manager who was frankly a smart A** that the reason I didn't have a personal account there was because Chase always had one hand in your pocket.
The next week, we moved 3 business accounts and 10 personal accounts plus loans to Huntington.
We all to a person explained why as we moved the money, 2 years later they are still trying to get us back.