OT:New Bank Rule

RBnSC · Sep 29, 2012

Yesterday we took a load to the scrapyard actually it was the chassis from the triple wide. Dumped, got check, My brother stops by bank since it's on the back to the job. He goes in and they tell him it will cost him $5 to cash the check since he came in early. What do you mean early? Policy is you have to wait 2 hours from the time it is issued or you have to pay $5 extra no explanation other than that's policy. We opted to stop at another branch on the way home from the job.
Ron

RayP(MI) · Sep 29, 2012

Ssince when are checks time stamped? Was the ink still wet, or something???

Crazy rule.

Anonymous-0 · Sep 29, 2012

sounds like they want to close their doors............. Does checks actually have a time on them, or were they just guessing??

pete black · Sep 29, 2012

I abandoned banks 30 years ago. Only use a credit union now.

Bob Bancroft · Sep 29, 2012

I have to echo the question that's already been asked twice- how do they know what time the check was issued?
Some banks here will charge a "check cashing fee" if you don't have an account with them- even if you are trying to cash a check written on their bank!

Dick2 · Sep 29, 2012

Teller probably forgot him/her lunch money and just wanted $5 for lunch - thinking no one would challenge him/her.

Will Herring · Sep 29, 2012

(quoted from post at 12:54:26 09/29/12) Policy is you have to wait 2 hours from the time it is issued or you have to pay $5 extra no explanation other than that's policy.

Guess I need to start writing the hh:mm:ss in the date fields on checks then, lol. :roll:

Dean · Sep 29, 2012

Just about all banks are raising fees and creating new ones because the feds have squeezed profits out of the business.

Banks, like any other business, must make a profit to remain operational.

Expect more of the same.

Dean

Wile E · Sep 29, 2012

I think most banks are run like schitt.
3 weeks ago my wife went to our local branch to ask about a loan. She was told point blank, sorry you have to drive to the main office, (15 miles away) to talk to a loan representative.
So.....A branch manager sits at a desk to do what? Manage a bunch of tellers?

Walt Davies · Sep 29, 2012

OK just how did they determine what time the check was issued.
Walt

RayP(MI) · Sep 29, 2012

I'm with you Pete - haven't darkened the threshold of a bank with my shadow in 30 or more years. Don't need them, Credit union handles all the financial needs I have, at practically no cost!

RBnSC · Sep 29, 2012

They had the time printed on the check.
Ron

henry0 · Sep 29, 2012

I bought some batteries to rebuild my rechargables and paid with debit card. After billing i WAS CHARGED AN EXTRA 98CENTS so I called the co. Turns out they were from Canada US 800 number, and my bank charges a fee for dOing business in foreign COUNTRIES. Paid in US DOLLARS BUT STILL HAD TO PAY.

wisbaker · Sep 29, 2012

I took some banking classes when in college, at that time they could't charge a fee to cash a check written on them,they aren't really "cashing" it they're reciving the instrument for payment. Seems if the bank that the check is written on won't cash it than it has been presented for payment AND DISHONORED (Bounced) seems your local DA or PA would have to collect from the business if you pushed the issue, and they'd get to pay court fees. And if the check is over a threshold amount it's a felony.

ShadetreeRet · Sep 29, 2012

Well, since there is so much thievery concerning scrap metal now, I'm not surprised that the recyclers are stamping the time of issue on a check. Around here, if you have certain metals or exceed a certain weight, you are issued a check instead of being paid in cash. On some items you are even fingerprinted! That being said, as someone mentioned, banks are looking for any way to make money, but I remember a time when if you did business with a bank, ie. checking, savings account or business account, there was no charge even for printing checks. If they were able to make money then, they should be able to stay afloat now, they can darned well do like the rest of us, and get by on a little less.

scotc · Sep 29, 2012

The bank the scrap place in North Platte uses, if you go in to cash the computer-printed check they give you, requires a finger and thumb print and ID or they won't touch it, if you don't have an account with them.

I like my small-town bank and even my small-town wally's-mart. Go in about a loan and you have an answer in a half hour. Wally's-mart's people are even nicer here. I don't like the one up to North Platte at all, before I even get to the door. And the people are arseholes.

Drill · Sep 29, 2012

When I take a load to the scrap yard I'm paid in cash.

Wesley Stephens · Sep 29, 2012

There are banks here that won't cash a check without an account with them even if it is written on their bank.

TomR Ont · Sep 29, 2012

Dean, Dean, Dean . . ."Banks, like any other business, must make a profit to remain operational."

I think the US banks are doing well. . . after the gift the American TAX PAYERS gave them. If they close their doors then the higher ups STOLE too much of the WINDFALL.

If there is not enough profit then why would our Canadian Banks set up shop in the USA, you will recognize them by initials' RBC, CIBC, SB, TDB.

These poor guys only report a BILLION + each, every quarter, that's after severance pay to tellers, New OFF BRAND BANK machines, all the bonuses, new head office towers.

TomR Ont · Sep 29, 2012

henry0
"Turns out they were from Canada US 800 number, and my bank charges a fee for doing business in foreign COUNTRIES. Paid in US DOLLARS BUT STILL HAD TO PAY"

I wouldn't bet it's a Canadian or USA Company,
when ever I buy anything on the net (services) it's always more even when our money was equal, they just have an excuse to charge more . . . and God help you if the postal "import DUTY' services touch a parcel $ $ $.

Anonymous-0 · Sep 30, 2012

http://www.youtube.com/watch?v=bMehSfTmnbY

Indiana Ken · Sep 30, 2012

I agree, I left banks over 30 years ago and have never been back. In 2008 in the middle of the housing/banking bust I bought 100 acres of land. I asked the credit union if there would be any problems getting a loan - the lady replied, "no we did not do sub-prime loans". The loan was approved the following week exactly as she said it would be. My niece bought 6 acres of the ground to go with her farm. The loan officer also helped with the legal discription for the deed and handled the closing so that the seller only had to work with one person.

If you are not happy with your bank look around that is what America is all about.

rdandersom · Sep 30, 2012

I had a bank manager explain to me that they operate on a 2-3% spread between what they pay onmoney borrowed from depositers and whwt they charge on loans and it has always been this way.He conveniently forgot that years ago bank service charges as we know them didn"t exist.My wife got so mad at a later bank manager she moved her money to a credit union.The next time we needed to borrow a little bit we went to the credit union and talked to them ,then stopped for groceries ont the way home.There was a message on the answering machine telling us to phone the credit union.We had been approved.the wife wasn"t working at the time and it was the first time I had entered the building!

The bank where my family had done business for generations and where I had been making deposits since I was couldn"t see over the counter had taken a full week to decide to reject the last loan I had asked for a year before that.The whole family has gone over to the credit union.Here in Canada the banks may be great places to invest in but they seem to treat customers like street people.

OT:New Bank Rule

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