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To: Mr. K

Perfectly legal. Went thru this about five years ago when I went to cash a $200 expense reimbursement check at Wells Fargo and they charged me $5. I pointed out that the instrument instructed them to pay me $200, not $195.

Anyway, looked it up in the banking regs and it’s perfectly legal. Unethical, IMO, but legal.

BTW, it applies only for checks that are cashed, not those that are deposited. Which seems odd.


27 posted on 09/28/2012 9:57:42 AM PDT by Sherman Logan (Perception wins all the battles. Reality wins all the wars.)
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To: Sherman Logan

deposit it, then withdraw it
:D


28 posted on 09/28/2012 10:13:24 AM PDT by Mr. K ("The only thing the World would hate more than the USA in charge is the USA NOT in charge")
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