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BankersOnline.com Forums State-Specific Compliance Issues Other States - General Fees charged for cashing non-customer check
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#488003 - 01/24/06 06:03 PM Fees charged for cashing non-customer check
Maria Offline
Platinum Poster
Joined: Apr 2001
Posts: 502
Sylacauga, Al, United States
Are there any state laws that limit the fee that banks can charge for cashing a non-customer check? If so, can you provide me directions to access the material? I have researched this and have been unable to locate any limitations, specifically Alabama.

Let me clarify, my questions refer to checks cashed for non-customers that are not drawn on us. We currently do not charge a fee to non-customers if we are cashing a check drawn on us.


Thank you so much for your help.
Last edited by Maria; 01/24/06 07:12 PM.
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#488004 - 01/24/06 06:29 PM Re: Fees charged for cashing non-customer check
Compliance A2Z Offline
Member
Compliance A2Z
Joined: Dec 2005
Posts: 56

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#488005 - 01/24/06 09:54 PM Re: Fees charged for cashing non-customer check
Soccerdad Offline
Member
Soccerdad
Joined: May 2004
Posts: 80
IL: Will
The above article is nice, but based on its older date, it doesn't seem to deal head-on with OFAC and the current pressure on BSA/AML/CIP etc. Is there something more current? Are there certain types of checks, such as cashier's checks, that a bank is required to process for non-customers?

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