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Posted on 12/22/09 at 9:54 pm to LSURussian
quote:
Never. That is why I assumed you didn't have an account at Regions but wanted to ask to verify it.
ok, sorry for being rude, i jumped the gun with your intent
Posted on 12/22/09 at 9:55 pm to Zilla
why the hell hasn't obama repealed the patriot act ???? /sarcasm
Posted on 12/23/09 at 10:32 am to Zilla
quote:
Zilla
Deposit it in your bank account..if you have one..and cash it against your account...if you can.
quote:
odd, you would think Chase and Cap1 would do this also then .... i guess i found it odd b/c the only 2 other times I did this was at those banks and they didn't ask for anything at all
They do do the thumbprint...just only on checks over a certain dollar amount.
This post was edited on 12/23/09 at 10:33 am
Posted on 12/23/09 at 11:33 am to Zilla
quote:
never happened to me at chase or cap 1
i worked at chase 4 years ago and they were fingerprinting non-account holders trying to cash chase checks back then
Posted on 12/23/09 at 11:48 am to ProudLSUMom
quote:
ProudLSUMom
Should have added [/thread] to that one, your answer pretty much sums up this whole thread.
Posted on 12/23/09 at 12:03 pm to foshizzle
I understand the reason foshiz, I just had never experienced it and didn't understand the inconsistancies between the banks
This post was edited on 12/23/09 at 12:04 pm
Posted on 12/23/09 at 12:04 pm to Zilla
quote:
images of EVERY single check written are scanned and sent to the FED, every day ...now they have my fingerprint again
I've also discovered this is not true...I misunderstood ...its just the MICR information that is sent to the fed daily and that is simply for clearinghouse purposes...my bad
Posted on 12/23/09 at 6:17 pm to Zilla
Chase definatly does this. Fingerprint is only for checks over certain amount.
Posted on 12/23/09 at 7:27 pm to Zilla
quote:
Thumbprint and Drivers license ??? wtf ...is this normal now ?
BankOne/Chase was doing this 10+ years ago to people who didn't have accounts with them.
Posted on 12/23/09 at 8:17 pm to MikeBRLA
I saw today Regions is starting to charge non-account coustomers $5 to cash checks over $150.
as a regions customer. More power to them
as a regions customer. More power to them
Posted on 12/23/09 at 10:12 pm to Kajungee
What contractual or other right does any bank have to charge someone for cashing a check drawn on the payor's account? Gimme specifics!
Posted on 12/23/09 at 10:14 pm to PresterJohn
quote:Did you miss the part about "non-customer"? The charge is not for customers cashing a check on their own account.
What contractual or other right does any bank have to charge someone for cashing a check drawn on the payor's account?
Posted on 12/23/09 at 10:46 pm to LSURussian
The check is the checking account holder's order to the bank to pay the person identified on the check. The bank's refusal to honor that demand unless it collects a fee is a breach of the bank's agreement with the account holder. Please tell me what law relieves the bank of this obligation. (Note that I am not disputing the bank's right to fingerprint or require identification to confirm that the payee is who he says he is).
Posted on 12/24/09 at 8:45 am to PresterJohn
quote:Please provide evidence this statement is true.
The bank's refusal to honor that demand unless it collects a fee is a breach of the bank's agreement with the account holder.
The account holder is not being charged. The person (non-customer) cashing the check is charged the fee. What contract does the bank have with the non-customer to not charge a fee?
Posted on 12/24/09 at 9:06 am to Zilla
quote:
why don't all banks do it then ?
Over 5 years ago I was printed by Wachovia. I don't see what the problem is, they are protecting their customers money from theft. It may be a hassle for you but it probably has forced the check scammers to work different angles than fake IDs. Why not deposit the check in your own bank? The float time? Maybe the thumbprinting is also used as incentive to let them make a little more interest off the money before releasing it. Banks are diabolical like that.
This post was edited on 12/24/09 at 9:08 am
Posted on 12/24/09 at 1:44 pm to LSURussian
Your check is an order to your bank to pay the presenter. To the extent the presenter has to pay ($5, let's say) he has been shortchanged by having accepted your check in payment. He may then seek to recover the $5 from you, or otherwise refuse to accept your check. After all, he doesn't have to accept your check in payment...it's not legal tender.
I'm not aware of anything in the Uniform Negotiable Instruments Laws that allows a bank to charge anyone for presenting a check drawn upon the account of its depositor. And there's nothing in my agreement with my bank that allows it, either. Check your contract, and get back with me. I'm curious whether Regions has slipped this in to its standard terms and conditions.
I'm not aware of anything in the Uniform Negotiable Instruments Laws that allows a bank to charge anyone for presenting a check drawn upon the account of its depositor. And there's nothing in my agreement with my bank that allows it, either. Check your contract, and get back with me. I'm curious whether Regions has slipped this in to its standard terms and conditions.
Posted on 12/24/09 at 2:06 pm to rmc
Nothing in the La. version of the NIL that permits this. If it's not in the contract, it's not allowed, particularly where, as here, there is a schedule of charges listed in your deposit agreement.
Windshield argument doesn't work for me because you're the actor and you're the only one affected. That's not the case with the check-cashing charge. In the CD example, you've knowingly purchased a long-term instrument. No hidden charge there.
Windshield argument doesn't work for me because you're the actor and you're the only one affected. That's not the case with the check-cashing charge. In the CD example, you've knowingly purchased a long-term instrument. No hidden charge there.
Posted on 12/24/09 at 3:00 pm to PresterJohn
quote:Only if he chooses to cash the check where he is not a customer, thereby taking up the time of the bank's employees and also exposing it to some risk. If he deposits the check into his own account at his bank, there is no fee when it is presented to the paying bank for credit.
To the extent the presenter has to pay ($5, let's say) he has been shortchanged by having accepted your check in payment.
quote:Irrelevant.
I'm not aware of anything in the Uniform Negotiable Instruments Laws that allows a bank to charge anyone for presenting a check drawn upon the account of its depositor.
quote:Also irrelevant.
And there's nothing in my agreement with my bank that allows it, either.
quote:I don't need to, it's an irrelevant question.
Check your contract, and get back with me.
What you're asking would be akin to me buying something at Target and then going to Best Buy and demanding a refund for it. Is there anything in the UNI on that situation? Get back with me on that.....
A bank is under no legal obligation to perform services for any non-customer for free.
Posted on 12/24/09 at 3:51 pm to LSURussian
quote:
A bank is under no legal obligation to perform services for any non-customer for free.
Russian - you're right, but... The depositor/account holder is the customer, not the payee, and the bank is obligated to honor a draft drawn on its depositor's account. In fact, it can't refuse, unless there are NSF.
A payee is never obligated to deposit a check into his own account at his own bank. He is entitled to present the check to the bank upon which it was drawn and to demand payment. Otherwise, those with no accounts could never cash a check.
The BB/Target scenario is not on point, because retailers aren't governed by any rules of deposits/monetary transfers. In fact, retailers aren't obligated to accept checks at all, as you know. It would probably be a disastrous business decision not to, but that decision is theirs.
Merry Christmas. God willing, I will return to the board some time after the New Year. Have a prosperous 2010.
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