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<p>[QUOTE="CamaroDMD, post: 1262387, member: 5233"]I don't agree with it...but here is how a bank looks at it. An account holder at a bank has an agreement with the bank. They pay fees and they get various services including accounts which they can write checks off of. When someone who does not have an account comes into the bank (a private business) with a check drawn off that bank...the bank has the right to charge it's non-member for the service of cashing the check. The non-member is using bank resources (paid employees) to complete this transaction and thus the bank believes it should be compensated. I don't think they are dishonoring the check at all when they give you $98...$100 came out of the account (the $2 just went to the bank company). I'm sure they would happily have given the full $100 if you had paid the $2 fee in cash or chosen to become a bank customer.</p><p><br /></p><p>Again, I don't agree with it...but the logic is there. I think it puts a bad face on the bank and when the first impression to a potential new customer (maybe not today...but someday) is negative, you lose that potential customer. I think it's a bad way to try and make a buck. You think $2 is bad...like I said before, the bank I worked for charged $5.[/QUOTE]</p><p><br /></p>
[QUOTE="CamaroDMD, post: 1262387, member: 5233"]I don't agree with it...but here is how a bank looks at it. An account holder at a bank has an agreement with the bank. They pay fees and they get various services including accounts which they can write checks off of. When someone who does not have an account comes into the bank (a private business) with a check drawn off that bank...the bank has the right to charge it's non-member for the service of cashing the check. The non-member is using bank resources (paid employees) to complete this transaction and thus the bank believes it should be compensated. I don't think they are dishonoring the check at all when they give you $98...$100 came out of the account (the $2 just went to the bank company). I'm sure they would happily have given the full $100 if you had paid the $2 fee in cash or chosen to become a bank customer. Again, I don't agree with it...but the logic is there. I think it puts a bad face on the bank and when the first impression to a potential new customer (maybe not today...but someday) is negative, you lose that potential customer. I think it's a bad way to try and make a buck. You think $2 is bad...like I said before, the bank I worked for charged $5.[/QUOTE]
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