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Fee Happy Money Grubbers

Date: Wed, 05/17/2006 - 08:19

Submitted by anonymous
on Wed, 05/17/2006 - 08:19

Posts: 202330 Credits: [Donate]

Total Replies: 16


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.


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


lrhall41

Submitted by Teleport on Wed, 05/17/2006 - 09:08

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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.


lrhall41

Submitted by Lorri on Sat, 06/03/2006 - 21:42

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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!


lrhall41

Submitted by erzeke1 on Sun, 06/04/2006 - 13:16

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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.


lrhall41

Submitted by Lorri on Sun, 06/04/2006 - 18:33

( Posts: 1721 | Credits: )


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.


lrhall41

Submitted by LCW on Sat, 07/29/2006 - 20:38

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Fifth Third are the greediest of the greedy. I have 2 checking accts., a credit card and my mortgage with them, and they are just fee happy. There are times when I have gotten so mad that I just wanted to close everything and tell them to pi** off! Obviously it's not so easy to do that with your mortgage, eh?

I can money orders at some check cashing place for 25 cents, which isn't too bad.


lrhall41

Submitted by Tiffany99 on Tue, 08/15/2006 - 10:00

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