- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Just got charged $6 to cash check inside a bank (Iberia Bank)
Posted on 7/2/14 at 2:54 pm to The Mick
Posted on 7/2/14 at 2:54 pm to The Mick
Same reason you go to YOUR bank's ATM not another's.
Bank is close?
Want to make sure the check is good?
Bank is open when yours isn't?
All things you pay for in the $6.
Bank is close?
Want to make sure the check is good?
Bank is open when yours isn't?
All things you pay for in the $6.
0
Posted on 7/2/14 at 2:55 pm to AbsolutTiger
quote:
Lots of banks do this now
We've been doing this for over ten years now. Tellers don't work for free. Of course, we only charge non-customers this fee.
This post was edited on 7/2/14 at 2:58 pm
Posted on 7/2/14 at 2:55 pm to belowmebama
quote:
If that check bounces it's $35. Some would rather have the peace of mind of it not bouncing and being charged $35. Some don't have that amount in their own account to be used as recourse to cash the check.
So stupid. The banks should be able to check an account at another bank when cashing/depositing a check from another bank.
Posted on 7/2/14 at 2:57 pm to TigerPox
It's not my reasoning. It's what bank employees are coached to explain to customers that can't fathom being charged for a service where they are not a customer.
Posted on 7/2/14 at 2:57 pm to LSUBanker
quote:
We been doing this for over ten years now. Tellers don't work for free.
Did they work for free ten years ago?
Posted on 7/2/14 at 2:57 pm to Topwater Trout
quote:Why would banks agree to share customer information with each other?
The banks should be able to check an account at another bank when cashing/depositing a check from another bank.
That would allow them to cherry pick the best customers from the competition.
Not smart.....
Posted on 7/2/14 at 2:58 pm to Topwater Trout
quote:LOL
So stupid. The banks should be able to check an account at another bank when cashing/depositing a check from another bank.
Posted on 7/2/14 at 2:58 pm to BoogerNuts
quote:
"convenience fees" for paying bills with a card
Whoever is accepting your card gets charged by the card issuer, they're mainly just trying to get that back.
Posted on 7/2/14 at 2:58 pm to TigerPox
quote:
Yeah, I know this. I have past banking experience. I also know I could have called and it would have said the funds were available and I put it in my account and 3 days later when it cleared his account the funds may not be there.
And now that risk is on the bank, who also doesn't know what's going to hit the account tonight along with this check, and doesn't know for certain if the item will be disputed by the signer.
Posted on 7/2/14 at 2:58 pm to LSURussian
It would also eliminate NSF fees and returned item fees. Lose/Lose for both banks.
Posted on 7/2/14 at 2:59 pm to The Third Leg
quote:
I haven't been in a bank in a long, long time.
Me neither. And if someone hands me cash, I just hold on to it until I somehow eventually use it all up.
Checks are cashed with my phone. Bill payment and all that jazz online.
This post was edited on 7/2/14 at 3:00 pm
Posted on 7/2/14 at 2:59 pm to LSUfan4444
quote:
Did they work for free ten years ago?
yeah. *sarcasm*
Posted on 7/2/14 at 3:00 pm to The Mick
quote:No it wouldn't.
It would also eliminate NSF fees and returned item fees.
Posted on 7/2/14 at 3:00 pm to LSURussian
quote:
Why would banks agree to share customer information with each other?
Chase gets iberia check for deposti...what happens?
Posted on 7/2/14 at 3:00 pm to TigerPox
quote:
$6 charged. I was so livid standing there
What did you do?
Posted on 7/2/14 at 3:00 pm to Dead Mike
quote:Dead Mike, I am so fricking glad you explained this to us.
The easy way to avoid that fee is to deposit or cash the check at your own bank, or demand another form of payment.
Posted on 7/2/14 at 3:01 pm to LSURussian
quote:Why wouldn't it?
No it wouldn't.
Posted on 7/2/14 at 3:03 pm to The Mick
You should have just wrote a note that said "Please waive the $6 check cashing fee, or else" and gave it to the teller. They usually give me a little extra $$ when I do that.
Posted on 7/2/14 at 3:05 pm to Topwater Trout
quote:It credits its customers account for the amount of the check and presents the check to Iberia Bank for payment through the regular check clearing process.
Chase gets iberia check for deposti...what happens?
If there are insufficient funds in the customer's account at Iberia Bank and Iberia Bank returns the check to Chase Bank as NSF, Chase then charges the check back against its customer's account which it had previously credited.
What's your point?
Posted on 7/2/14 at 3:05 pm to The Mick
Don't bank at a shitty bank and that will solve a lot of problems
Page 4 of 8
Popular
Back to top
Follow TigerDroppings for LSU Football News