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#452692 - 11/04/05 07:12 PM Paying to cash on us checks
Anonymous
Unregistered

Our your allowed to charge noncustomers to cash the banks on us checks? Is there any rules ar regs against this?

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Operations Compliance
#452693 - 11/04/05 07:30 PM Re: Paying to cash on us checks
Don_Narup Offline

Power Poster
Joined: Jul 2001
Posts: 3,708
Las Vegas Nevada
Why do you want to charge them? Arn't you providing a service to your customer that pays you fess to handle their account? The fees you charge your customer should cover the few cents it costs you to cash a check drawn on your bank.
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#452694 - 11/04/05 07:38 PM Re: Paying to cash on us checks
Anonymous
Unregistered

No we do not charge this fee another local bank is and a customer informed us of it and wanted to know if that bank was allowed to do so.

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#452695 - 11/04/05 09:30 PM Re: Paying to cash on us checks
LauraL Offline
Gold Star
Joined: Jun 2005
Posts: 365
Georgia
In my area it is very popular to charge $5 to non-customers to cash an on-us check (all the banks around here do). I don't know of any rules or regs against this practice.
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#452696 - 11/05/05 01:38 AM Re: Paying to cash on us checks
Banker Boy Offline
Member
Banker Boy
Joined: Oct 2003
Posts: 69
Florida
A former bank that I worked at charged 1% of the amount of the check as a fee to the non-customer.

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