No one is required to have a banking account nor I'd or driver license. Posted On mayo 20, 2021 On Saturdays, this bank closes early at 12 p.m. before being completely closed on Sundays. You use my money daily to generate revenue, stop bothers my employees and customers i write checks too. Thanks for playing.
,They are offering a service to their customers in which a note is issued on behalf of their bank's name to pay cash for the said amount of the note to the bearer of the note, upon demand. I went there today and they had a $6 fee to cash my paycheck. Or perhaps you could consider it a penalty fee for not having an account with them. If you weren't ignorant, you would know you cannot deposit personal checks or cash when buying a house or else that money has to be explained. -But this CAN change, but you need to understand this is not just intentional abuse by banks this is a product of the system society has built, realistically, banking has got more expensive, but yes, because people understand so much less about banking they can get hit with fees though it is legal, because it's always been legal. Presumably overcharging does NOT make sense, then? What next, a $6 fee to every vendor submitting an invoice for supplies or services?
,Check cashing is not the same as presenting the bank with cash and requires more than milliseconds. My time wasted.
JA
,that is such a bad take. The teller tells you that since you are not a Chase member, you will, unfortunately, have to pay a $6 fee for the cashing of your check. Banks eat these costs or spread them out across the profitability of all customers. I asked why, they said it's because they are
performing a service. Didn't think I would be approved since I've opened four new cards since Jan 2021. The managers are just the puppets of the top ranking officials, who earn millions in salry, bonuses and dividends. No need for 4 individuals getting paid to review,look over,manage
Bankers are often allowed courtesy fee waivers. Bad business and greed.
,I am presenting an instrument that is payable upon demand. If you weren't ignorant, you would know you cannot deposit personal checks or cash when buying a house or else that money has to be explained. Until payment is fully rendered the obligation is not fulfilled and thus the promise is broken leaving a debt, and possibly a mechanics lien, against the check writer.
It's not like accepting a credit card where the recipient does expect to pay a use fee.
The check cashing fee has everything to do with the check writer.
,What does the check maker have to do with it? d(aj13>vb&">{ {Y*/y'_TjQGy|p44[:ybX7pYbM'+N(C(o6a2WS. Opinions expressed here are authors alone, not those of the bank advertiser, and have not been reviewed, approved or otherwise endorsed by the bank advertiser. They have no right to charge me for my money. Just because YOU post intimidating angry rants doesnt make you any smarter than my goldfish. We are not contractually obligated in any way to offer positive or recommendatory reviews of their services. I have truly had it with banks.
,They gotta make their money somehow. Thank you for any help. They said I could become a customer, I responded that I feel
they are greedy and their clients intention is to see that I'm
reimbursed. Bank officials were paid a decent salary comparing the government employees in my time. I tried explaining my situation to the representative but they just got snotty. Nearly every bank out there these days, provides accounts that are free (even though the average account is not profitable to a bank for at least 6 months due to the expenses associated with screening and set up). This one's too, Wells Fargo-ne.
What bank can I go to and cash my stimulus check? why did jill and ryan divorce; sig p320 80 percent; take home pay calculator 2022 If the check is drawn on the name of the bank you are visiting, it is the same as presenting them with cash. 3.0. Initialize In Strcuture. You know the bank where you have an account will cash/deposit these same checks. What made it worse was the teller asked me if I was interested in opening an account at Wells Fargo and I responded that my husband and I moved our account to a local credit union due to the fees. With $0.01 min. Take a picture of the front and the back of the cheque. Free for personal checks; $3 for business checks under $100 and $5 for business checks of $100 or more. Depending on the prepaid account, you may be able to access an ATM to deposit a check. That means cashing them too. The Bank of Montreal has reimbursed one of its customers following a CBC Go . The information you provide in this form may be used to perform a credit . Therefore, as indicated, the UCC does have laws that protect the person having a valid check against the issuing or beneficiary bank. Yes, the banking industry makes billions but it is only for those people higher up. The Mobile App and the ATM can only handle Canadian Dollar Items. I'm looking at a check right now it says pay x amount of dollars to Daniel h it does not say collect x amount of dollars from Bank of America it says "pay" the order is to pay, it is the banks own instrument, used in accordance with the customs and conventions of the industry, as defined by them, the word collect is not used anywhere on the checkthe onus is on them to pay, not on me to collect.
,This is just another predatory fee. But if he doesn't want to be there with the person they wrote their check to or have to carry all that cash around then he can let that person cash it and that person will pay for their laziness. Now the banks are raking in Billions of dollars profits and scrounging the unfortunate customers left and right. If you deposit it, you will always have a record that the issuer provided a check, and that you deposited it. The content that we create is free and independently-sourced, devoid of any paid-for promotion. Business.org breaks down accounts, fees, and other details to help you get to know BMO. We'll make a note to update it when that change happens.
,As a foreigner this discussion is particularly interesting and useful - thank you for the list of banks and policies. BMO Harris. The more you talk, the dumber you seem.
,Dude, stop trying to analyze me, if I was trolling I would be having fun with this. 3% of each transaction in U.S. dollars. There is no law in California requiring persons to pay fees to banks in order to cash checks.
If I get a check for $1,000, the bank is ordered by the depositor to give the payee $1,000, not $990, or some other figure convenient for the bank.
It's Theft! BMO Harris Mobile Banking App. Going to your bank is an option which then the check will be but
on hold so banks can earn even more money from your hard earned check
which actually happens. When they say no, off to small claims I go. It would seem that a cash check is not really cash?
This would in fact not be a issue in my home country, there would not be a charge for cashing a cheque for the receiver of the money. They refuse to cash the check unless I make an account - which I refuse to do. Next, it will not be two forms of identification and an unconscionable fee nobody has agreed to but the bank, but we will have to scan our right hand or foreheads in order to buy or sell. Here are the fee policies of the top 20 U.S. banks (flat rates apply to business and personal checks unless otherwise specified) and how they have changed in recent years: Every bank requires that you have two forms of government-issued ID (i.e., driver's license and U.S. passport) when you go into the branch to cash a check as a non-customer. I recently lost my full time job and have only been working part time for the past several months. Yes, there is the argument of it costing them money, but that is just a cover-up for them. Nordstrom Credit Card - $4000 | BMO Harris Cash Back MasterCard - $4000. Delta did something similar with their "live person" fee, which they have since discontinued.
Another comment suggested requesting a receipt for the fee so you may back charge the account holder who wrote you the check. Its actually challenging to verify if the bank's customer issued the check. Do you remember 2008? are some good reasons. The BMO Harris Premier Money Market account has a rate of 0.20% APY. Do NOT go there.
,No reason to be rude not naive just do not know.
,Especially when the bank charges a fee to cash a check from the same states' Dept of Revenue. Since a non account holder is not paying in either of these ways, they then pay for the transaction a la carte which covers the cost of the overhead needed to be able to provide that service rendered to the non account holding customer plus make a small profit off of the transaction. Look, I dont care about being right, I dont care about you being wrong, I'm telling you that this train of thought, this path of action without thought is reckless and careless. They deal with the constant stress of possible being robbed, being faced with fake checks and money, dealing with people who verbally and sometimes physically assault them, listening to stories of people with little to no money or people with hundreds of thousands who get angry of paying $5 fees, and people who refuse to show their ID's expecting everyone to know them based on their time as customers. With remote deposit capture, you can deposit checks any time, directly from your place of business. !
,Damn! We believe by providing tools and education we can help people optimize their finances to regain control of their future. For example, it charges just 2 percent for foreign transactions and 3 percent for cash advance and balance transfer fees. I want a better America, and neither one of us is going to get what we want by playing king of the hill. You appear to fit in that category, as I quite explicitly observed that banks should charge the person who banks with them any fees they need to: the third party receiving the check has no choice but to employ the bank's services to get their cash ie the receiver of the check generally has no choice to "include a middle man" in the transaction, as you put it.
Whereas the customer of the bank, who drew the check in the first place, they do have choice: and they are definitely either paying some kind of fees to the bank to have a checking account there, or have a minimum balance which allows the bank to speculate or invest their money and pocket that interest, or probably both, that is how banking works.
But charging NON-customers fees, just because they can, like I observed earlier, is an abuse of bank's power, position, and their role, and if they don't stop doing it voluntarily, legislation should be put in place to make sure that they don't do it.
The opinions you expressed here though are a testament to the sort of zombies who all too often seem to work as bank tellers these days in the U.S.
Banks definitely need to pay their customer service representatives better, to attract a brighter class of people, and for them to be trained to recognize that one of their roles is an ambassador of their bank to non-customers.
,Look, I didn't build the national caste system that decides who can and who can't get a checking account somewhere, that being said, if you're a US citizen all you need is a driver's license to open a bank account, anywhere. If you have any questions regarding privacy . GROW UP!
,They are. They look at it under the light to ensure the bill's security features are there, and you get the change of two twenties and a ten. Follow us @BMO_US for all information about BMO. Stop the shilling! Therefore, you are doing your account holder a disservice by charging their recipients a fee.
I am doing what another person suggested: Asking for a receipt. Totally understand. It's certainly not mine. The money in bank by new online. internet to access the network of accounts and verify funds, etc. !
,A check is not a payment, it is a promise to pay. These are just two popular examples of cash-checking alternatives -- you're local supermarket or convenience store may provide similar services. Some cheques can be sent on collection and be credited to a customer's . You are a total jackass.
,Come on, Aaron. Complete the Direct Deposit transfer form (PDF, 128KB) Attach a voided BMO Harris check or pre-printed deposit slip. Makes sense.. Just open an account with a good institution, put on you big girl panties and put it through your own account. All the banks repaid the money very quickly. Links to other web sites do not imply the endorsement or approval of such web sites. Registered trade-marks of Bank Montreal 12888 5009816 (08/12) 1 A hold provides no guarantee that a cheque or other non-cash deposit Select the account you want to deposit the cheque to. Learn the check-cashing fees at the largest U.S. banks and find out how you can cash a check without a bank account. Was approved for BMO Harris Cash Back Mastercard. We have a new Twitter handle! My real problems though is the attitude and how people are going about "solving" this, they come on line and complain on forums and it does nothing but convince people how "righteous" their cause is. BMO Harris Savings Builder account has no monthly maintenance fee, and the minimum opening deposit is just $25. It may not be an exact comparison but I look at it as you wouldn't walk into a gym as a non member and expect to get in for free to use the same services their customers would you? When was the last time you looked at a banks expense sheet?