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 Posted: Wed May 17, 2006 8:19 am Subject: Fee Happy Money Grubbers |
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Company/Individual reported: Fifth Third Bank
Recently I had to cash a check from my Credit Union drawn on Fifth Third Bank. Because I needed the money available in my account ASAP I went into a fifth third branch to cash the check before depositing the cash in my account at my bank.
When I walked up to the counter and stated I would like to cash a check , they asked if I was an account holder, I stated no, but the check was drawn on Fifth Third Bank. they told me there would be a $10 fee to cash the check, but if I opened an account then they would waive the fee.
I thought:
You have got to be kidding me!!! $10 to cash a check drawn on your own bank?? Do you Really think you are giving me a break by waiving the fee if I open an account? If your are charging this kind of a fee just to cash a check what kinds of fees are you gonna hit me with if I open an account? This is not a good way to make friends and woo customers.
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Anonymous
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| Posted: Wed May 17, 2006 9:08 am Subject: |
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This is actually the first I've heard, about a bank charging a fee for a check drawn off their own bank. I guess I'll have to do some searching on this, because I'd be interested to know their reasoning behind this. By the way, what city was this bank in? I wonder if it's like that at all Fifth Thirds. Thanks for the information about them.
Regards-
Mike
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Teleport
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| Posted: Wed May 17, 2006 10:50 am Subject: |
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That was in Naperville, IL . I posted that but I guess I forgot to log in again...
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LCW
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| Posted: Wed May 17, 2006 10:54 am Subject: |
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A lot of banks do that...I used to run into that at Huntington when I was cleaning houses...A few times I needed my cash right away, and didn't have time to take it to my bank..I've never paid $10 though, usually $5.
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Jessi
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| Posted: Sat Jun 03, 2006 9:42 pm Subject: |
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I have heard of something like that here in California at Bank of America. They do not care if it is a check drawn on Bank of America or it might be Wells Fargo, they won't usually cash it for you if you don't have an account with them.I guess it is just to get people to open an account with them, which would really bug me.
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Lorri
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| Posted: Sun Jun 04, 2006 8:32 am Subject: |
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Isn't that ridiculous?? If I ever ran into that, I would make sure to let them know that I would never open an account with a business that plays those kinds of games. 
~Mary
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Mary
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| Posted: Sun Jun 04, 2006 11:45 am Subject: |
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Fifth third is like that..My payroll checks are drawn on them, and since I bank at a credit union, sometimes they are closed on days that banks aren't. I cashed my check at fifth third one time, and they charged me $5.00. Unreal. I could've cashed it at Meijer for less than that.
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finsfan13
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| Posted: Sun Jun 04, 2006 1:16 pm Subject: |
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Yup..Bank of America does that. When I closed my checking account to keep the pdl's from debitting, I was in a real pickle before I could open a new one somewhere else, and went to BOA to cash my paycheck. They wanted $5 for that, and when I asked for a cashiers check they wanted $15. I definately told them what I thought of their "fees"!!
SOB's want something from everyone these days!
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erzeke1
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| Posted: Sun Jun 04, 2006 6:33 pm Subject: |
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It seems to be pretty commonplace for banks to charge a fee (around here anyway). But, wouldn't you think that a majority of people have bank accounts and that the major banks should cut some slack to those who don't have or aren't able to have bank accounts? When I think about it though, I guess a bank is like anything else--they are in it to make money from the services they provide.
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Lorri
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| Posted: Mon Jun 05, 2006 8:47 am Subject: |
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banks are in business for one thing... to make money.. the bigger the bank, the greedier they are.
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jj
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| Posted: Mon Jun 05, 2006 8:53 am Subject: |
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I wholeheartedly agree with you jj!!!
Those sob's wouldn't even look me in the eye when I went to close my account a couple months ago during my pdl problems...
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erzeke1
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| Posted: Mon Jun 05, 2006 12:31 pm Subject: |
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Does SOB mean "silly ol'bank"? "stupid ol'bank"? or "sorry out of bucks?  just kiddin'---I know exactly what SOB means. Just thought I would throw these in here.
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Lorri
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| Posted: Sat Jul 29, 2006 8:38 pm Subject: |
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| Quote: | Yup..Bank of America does that. When I closed my checking account to keep the pdl's from debitting, I was in a real pickle before I could open a new one somewhere else, and went to BOA to cash my paycheck. They wanted $5 for that, and when I asked for a cashiers check they wanted $15. I definately told them what I thought of their "fees"!!
SOB's want something from everyone these days! |
I bank with BofA and I asked them if they had a similar policy. They stated there are some instances where they might (payroll checks wasnot one of them) but the fee would not exceed $3.00, In the past 7 years I have been with B of A, US Bank, Harris and TCF. Of the three, B of A seems to be the most reasonable with fees, and the easiest to deal with if you are trying to get a fee reduced or removed.
Cashiers checks for customers are $6.00, $15 for non customers. I don't often use cashiers check, except when I need absolute proof of payment.
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LCW
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| Posted: Sun Jul 30, 2006 9:57 am Subject: |
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Well, I went to my credit union and have direct deposit and it's wonderful! Free checking and free money orders/cashier checks.
None of those hidden fees you sometimes see pop up on your accoutn for one reason or another..
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erzeke1
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| Posted: Sun Jul 30, 2006 1:22 pm Subject: |
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WOW!!! $15 for a cashier's check..You can go to the post office and get a trackable MO for $1.00.
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finsfan13
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