Quote:
Originally Posted by nightfighter
Johnny, you would be charged the $7 if you took your customer's check, written on their Citizen's account, and tried to cash it at a Citizen's branch, without having a Citizen's account yourself
....
I get checks from many customers issued from many banks. No way I can have an account at all of them. Nor should I be made to wait to know that funds are good on that check, if I am tight on paying myself. I'll wait in line if I feel I want to. You can too, without a bank charging me to cash their check. In terms of cashing a personal check, I am not aware of any other bank charging a fee like this, for not having an account, other than the thieves at Citizens Bank.
|
Like I said, I guess I can't fully understand not being able to deposit a check and wait until the next day for it to clear. Most of my jobs are done on extremely tight margins and utilizing subcontractors. I know all too well what it's like having a vendor looking for a $15k deposit and having to wait for my client to give me their deposit first.
As mentioned in my first post, as soon as the fees start having an effect on me, then I'll look at switching my ways. Until then, if the fees make the line shorter at my bank and charging people without accounts at the bank prevents me from paying any fees, then I'm all for it.
Checks are a service provided by the bank that provide convenience and security, but not a right. I have to pay a fee for accepting credit cards and I forward that convenience cost onto the customer, how are checks different?
Threaded Mode