Went into my bank and cashed a few "cashier's checks" that were maybe 2 yrs old. The teller manager didn't say?

Went into my bank and cashed a few "cashier's checks" that were maybe 2 yrs old. The teller manager didn't say anything about charges of $6.00 a month for each check over 12 mos old to the date cashed in. In another word the charges start on the 13th month.

The teller gave me 100% of the face amount w/o any charges taken out and later in the day she called me and left a message on my recorder and she said she forgot to deduct the bank charges which came to almost $600.00 for 4-5 cashier's checks that were over 12 mos old. Since I already had the new cashier's checks at the same face amount as the last ones she said she'll just deduct the $600.00 out of my checking account which made me short and 2 checks I wrote bounced with $70.00 charge. The teller tried to tell me that they were charging the $6.00 a month for each cashier's check that were cashed pass 12 months.

The first 12 mos people get the whole amount. She told me it was some kind of government law that they have to do these charges now. Is she right or the bank trying to get extra money from customers?

Please help! Asked by 67pontiacgtowacg 39 months ago Similar questions: bank cashed cashier's checks yrs teller manager Business > Financial Services.

Similar questions: bank cashed cashier's checks yrs teller manager.

Bank charges Well, the bank probably is trying to get extra money from customers, but that doesn't mean that the fees don't exist. Banks don't have to be sneaky to collect fees, they seem perfectly willing most of the time to look you right in the eye and say, "That's right, we're charging you through the nose for this. Like it or lump it."

There's something wrong with the math here, though. You had 4 to 5 checks over a year old? Which is it?

It makes a difference. And they were maybe two years old? Exactly how old were they?

If a bank charges $6/mo. /check starting with month 13, and you have 5 checks that are 24 months old, that's $6 x 12 mo. X 5 checks...or $360.

Not $600. Double check the math because it's possible you were overcharged. If you call the bank and ask to talk to the branch manager, and politely explain that you weren't aware of the fees and you weren't told about them at the time you cashed the checks, and that the fees caused you to overdraw, they may waive the check fees, or they may waive the overdraft.(If you're especially charming and/or pathetic, you might even get both waived.) They probably don't have to, but if you ask nicely, they might.

If you were overcharged, the bank shouldn't have any problem refunding you the difference, and will likely cover your overdraft fees as well. Even if you weren't overcharged, pointing out that had you known about the fees at the time, you wouldn't have cashed the checks (since they would cause an overdraft) could very well get you a refund too. Good luck!

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You did not say what state you are in or if this is a business account or personal. Read your disclosures. That is the fine print pamphlet that comes with every new account and when terms are updated.

If it's a legal procedure, then it will be spelled out there. You can ask for a courtesy reversal of your fees.

Did you ask you need to ask when you not sure about these things Sources: a friend-just me .

1 Contact the bank manager. Tell him/her what you just explained here.

Contact the bank manager. Tell him/her what you just explained here.

2 newbie: Beats me. I really don't see how the banks could stand to loose money( or with the use of a computer) take anymore time and trouble to cash an old check as opposed to a new check. BUT...I bet the law covers them in this.

Just more proof to never forget; regardless of what 'all' business say in private or on tv--money is the only thing they are in business for--NOT to be nice to us, make us their friends, or even care. That's another way of saying, just picture them as the I.R.S. They didn't always add tax on the tax until they started coming up short. BYE!.

Newbie: Beats me. I really don't see how the banks could stand to loose money( or with the use of a computer) take anymore time and trouble to cash an old check as opposed to a new check. BUT...I bet the law covers them in this.

Just more proof to never forget; regardless of what 'all' business say in private or on tv--money is the only thing they are in business for--NOT to be nice to us, make us their friends, or even care. That's another way of saying, just picture them as the I.R.S. They didn't always add tax on the tax until they started coming up short. BYE!

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Does anyone know for sure what happens if you have "cashier's checks" thru a bank that's in financial trouble now.

Does your bank put your account number on a cashed check.

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