Bank fee for cashing that bank's check

[sdawson]

Withdrew $200 from ATM at my bank to save a trip inside.
The machine spit out 4 brand new $50 bills.
I went inside and asked for smaller denominations, tens and twenties please, they refused.

Your own bank, with your own ATM debit card in hand, refused to break a $50!

There is only one move: start the process of moving everything to a new bank or credit union which treats you better as a customer.

 

[isisdave]

This can be fun. I went to the customer's bank one time to cash a check to be sure there were sufficient funds available. They started that stuff with me about you must be a customer, so I said fine, I want to become a customer so, open a checking account and I want to deposit this check in it. I made it very clear that as soon as the check was deposited in my new account, and after I withdrew that amount, I would be closing the account. After several discussions with various people, they decided it would be in their best interest to just cash the check for me without a fee. Their game, their rules. I'll play.

Some banks have a fee for "early closure" if you close within 90 days of opening, or something like that.

 

[jazz4cash]

Your own bank, with your own ATM debit card in hand, refused to break a $50!

There is only one move: start the process of moving everything to a new bank or credit union which treats you better as a customer.

I think I would've deposited the 50's then withdrawn ten 20's or whatever.

 

[mystang52]

Reminds me of a story, somewhat related, several years ago.
Withdrew $200 from ATM at my bank to save a trip inside.
The machine spit out 4 brand new $50 bills.
I went inside and asked for smaller denominations, tens and twenties please, they refused.
Me: "your own ATM outside the door just handed me these, are you suggesting they might be counterfeit?" "Sorry, no can do" AAAARGH!
Next stop, barber (remember them?) handed him a $50 bill for the haircut. He: "are you kidding?"
Double AAAARGH!

My bank will change thise 50's to smaller denominations. But if I withdraw outside of bank hours, I'll do 2 withdrawals of $80 each, if I want to ensure I don't get 50's. But at least in my neck of the woods businesses don't flinch at getting a $50 bill.

 

[RetiredHappy]

We go to BOA and breakup larger notes into $5s because we tip the golf cart assistants with $5s. No issue with BOA doing that for us.

 

[copyright1997reloaded]

I recall as a kid that liquor stores would cash personal checks with a purchase and even give cashback. I think payroll checks could be cashed for a fee as they knew they'd get a sale too. When I worked at megacorp the hourly employees were paid weekly on Friday morning. The bar and grill across from the plant would cash those checks but there would be a line of spouses outside the chainlink fence and many workers would hand their checks over through the fence.

Long ago my dad tried to cash a pay check on his account at a neighborhood bank where they knew their customer (because of banking at the same place for many, many years). Anyway, the cashier refused because the signature (his signature) didn't look right. That was because my mother had signed his name for so many years the cashiers knew HER signature as his.

 

[badatmath]

My bank will change thise 50's to smaller denominations. But if I withdraw outside of bank hours, I'll do 2 withdrawals of $80 each, if I want to ensure I don't get 50's. But at least in my neck of the woods businesses don't flinch at getting a $50 bill.

Can't you select your bill size at the ATM? I can at BOA within limits. I can't remember the choices offhand.

 

[sdawson]

I think I would've deposited the 50's then withdrawn ten 20's or whatever.

You are correct, that would have worked as well.

However, I do not play games with companies like this. It's a sign that they will not support you as a customer. What happens when something bigger than breaking a $50 comes along? Better in the long run to follow up with changing banks.

 

[scrabbler1]

I can select any set of 10s and 20s at my bank's ATM. I don't recall ever seeing 50s appear on the menu, though. I remember once many years ago getting a few 100s at an ATM (without asking for them) then running inside to a teller to break them into 10s and 20s.

 

[ransil]

Long ago my dad tried to cash a pay check on his account at a neighborhood bank where they knew their customer (because of banking at the same place for many, many years). Anyway, the cashier refused because the signature (his signature) didn't look right. That was because my mother had signed his name for so many years the cashiers knew HER signature as his.

sold a car a few years ago, me and the buyer had the same bank and went there to transfer the money . they did not like neither of our signatures as we both had accounts setup 20 plus years prior ,the manager had to approve it, just told us to update our signatures. teller also asked the buyer in front of me if he was being forced to transfer the money.

when I was 18 I worked for a contractor on payday I would take check to my bank to cash, different bank than check was written, they would tell me to take to to the other bank to cash which was half a block away, my cousin worked there so I always had to have her intervein, I had a saving account there for a couple years.

 

[CRLLS]

Heck. Back in the day, on payday, the local tavern cashed checks at lunchtime.

 

[Turbo29]

I recall as a kid that liquor stores would cash personal checks with a purchase and even give cashback. I think payroll checks could be cashed for a fee as they knew they'd get a sale too. When I worked at megacorp the hourly employees were paid weekly on Friday morning. The bar and grill across from the plant would cash those checks but there would be a line of spouses outside the chainlink fence and many workers would hand their checks over through the fence.

I worked for a bank when I was in my twenties. One of our customers owned a liquor store and on Fridays he would come in and deposit a pile of payroll checks that he had cashed for his customers. Then he would withdraw $20000 to $30000 dollars in cash and walk out the door with it. A few hours later he'd be back with another pile of checks and leave with another pile of cash. (This was when $20-30k was worth several times more than it is now.)

At another bank we had a lot of municipal workers cashing their checks. The workers would invariably just cash their pay check, then fill out a deposit slip for an amount less than the check they just cashed and deposit it into their account. Why go through this rather than just deposit the check with cash back requested on the deposit slip? Well, you see, this bank returned the deposit slips along with the monthly statement. The customers didn't want their spouses to see a deposit slip with the amount they were really making listed on it.

 

[disneysteve]

Can't you select your bill size at the ATM? I can at BOA within limits. I can't remember the choices offhand.

Our BOA ATM gives $10, $20, and $100. When I need small bills, I stop at the ATM first and withdraw a few hundred dollars and then walk inside and get the change I need from the teller.

 

[jazz4cash]

Our BOA ATM gives $10, $20, and $100. When I need small bills, I stop at the ATM first and withdraw a few hundred dollars and then walk inside and get the change I need from the teller.

If you have to walk inside to a teller anyway, why stop at the ATM?

 

[GrayHare]

Heck. Back in the day, on payday, the local tavern cashed checks at lunchtime.

I recall my father being paid via an envelope containing cash and coins. Eventually they switched to checks.

 

[disneysteve]

If you have to walk inside to a teller anyway, why stop at the ATM?

Honestly? Because I'm not quite sure how one makes an in-person withdrawal these days. Do you need a slip like you used to or do you just walk up to the teller? It's been many, many years since I've done it.

 

[GrayHare]

If you have to walk inside to a teller anyway, why stop at the ATM?

Withdrawing cash via a teller usually precipitates a series of time consuming ID verification steps. Maybe I look dishonest?

 

[badatmath]

Honestly? Because I'm not quite sure how one makes an in-person withdrawal these days. Do you need a slip like you used to or do you just walk up to the teller? It's been many, many years since I've done it.

Put your card and pin in the reader inside and tell the teller what you want. No other verification has been needed for me.

 

[jazz4cash]

Honestly? Because I'm not quite sure how one makes an in-person withdrawal these days. Do you need a slip like you used to or do you just walk up to the teller? It's been many, many years since I've done it.

It varies but usually I give them a bank card and ID and tell them what I want. The credit union does not use withdrawal or deposit slips. I think some banks might give you something to sign.

 

[disneysteve]

Put your card and pin in the reader inside and tell the teller what you want. No other verification has been needed for me.

I suspected it was simple but just never did it.

 

[big-papa]

A friend received a health care related refund check. The account is with Truist bank, so he went to a teller at Truist to cash the check. The teller said there is a charge of $8 to cash a check for someone without an account at Truist. What? An $8 fee to cash a check at the bank that holds the account? The bank has the money, so what costs would they need to recover? Perhaps it is a warped method to gain account holders? Anyone experience this type of fee to cash a check?

I don't think I'm that much younger, if at all, than most of this crowd, but for my entire adult hood this has pretty much been the norm for people who don't have an account at the bank where they're trying to cash a check, even if the check originated at that bank. At least everywhere I've lived.

Cheers

 

[Original Wally]

Reminds me of a story, somewhat related, several years ago.
Withdrew $200 from ATM at my bank to save a trip inside.
The machine spit out 4 brand new $50 bills.
I went inside and asked for smaller denominations, tens and twenties please, they refused.
Me: "your own ATM outside the door just handed me these, are you suggesting they might be counterfeit?" "Sorry, no can do" AAAARGH!
Next stop, barber (remember them?) handed him a $50 bill for the haircut. He: "are you kidding?"
Double AAAARGH!

Had similar - did not WANT those $50 bills. Went in, got the same story. SO I shrugged, said then please deposit them to my account. AND I would like a withdrawal for the same amount. No problem. Shrug,

 

[scrabbler1]

Anyone here ever do a "split deposit," where you deposit a check and withdraw some, but not all of its value as cash? Bank deposit slips always included a line for the customer to include some cash back. But when my bank got rid of deposit slips a few years ago, this feature disappeared. Instead, the check deposit and cash back are now handled as 2 separate transactions. The teller instructs me to enter my debit card and enter my PIN before the deposit but not before the cash back, presumably because that data is held over from the check deposit.

 

[disneysteve]

Anyone here ever do a "split deposit," where you deposit a check and withdraw some, but not all of its value as cash?

I have not made an in-person bank deposit for probably 10 years or more. I used to make all of my deposits at the ATM until mobile deposit came along - best thing ever. Now I don't even need to leave the house to make deposits. Even 10 years ago, the only time I went in person was on the very rare occasion that I got a check that the ATM wouldn't scan.

 

[Turbo29]

Anyone here ever do a "split deposit," where you deposit a check and withdraw some, but not all of its value as cash? Bank deposit slips always included a line for the customer to include some cash back. But when my bank got rid of deposit slips a few years ago, this feature disappeared. Instead, the check deposit and cash back are now handled as 2 separate transactions. The teller instructs me to enter my debit card and enter my PIN before the deposit but not before the cash back, presumably because that data is held over from the check deposit.

The slips had a line labeled, "Less cash," where you entered the amount of cash back you wanted.