Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: kms61

One Bank that I once dealt with with was particularly unscrupulous in the use of this loophole which legalises CHECK KITEING by the banks. Even though I had had an accout with US Bank for years, even though my need to cash Checks over $5,000.00 was rare, and those checks were certainly not overtly suspicious, US Bank would always hold such checks for the 11 days they are permitted by law and often sveral days longer. The overdraft fees alone that they get from unsuspecting victims must amount to multi millions for the banks.


15 posted on 07/31/2008 6:54:17 AM PDT by nkycincinnatikid
[ Post Reply | Private Reply | To 1 | View Replies ]


To: nkycincinnatikid

We left bank of america after they took 17 days to clear a check. Union Bank in Oceanside has never held a check more than 6 days and that was a large out-of-state check.


17 posted on 07/31/2008 6:58:59 AM PDT by purpleraine
[ Post Reply | Private Reply | To 15 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson