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[email protected] krw@att.bizzzzzzzzzzzz is offline
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Default OT - As promised, Debit card fees

On Sun, 02 Oct 2011 13:14:13 -0400, George wrote:

On 10/2/2011 12:28 PM, zzzzzzzzzz wrote:
On Sun, 02 Oct 2011 09:16:40 -0400, wrote:

On 10/1/2011 7:18 PM, SMS wrote:
On 10/1/2011 7:41 AM, RonB wrote:
On Sep 30, 11:18 am, Red wrote:
BoA heads up a cast of characters.

http://finance.yahoo.com/news/Bank-o...-5-apf-1381425...

Picture Summary:http://oi54.tinypic.com/vx1amv.jpg

Looks like we need to go ahead and get our concealed carry permits so
we can carry more cash.

We walked into a bank earlier this week to get a cashiers check for
$10K for a car purchase. The account we were removing the money from
was NOT small.

They wanted $10 to process a cashier's check.

We tied up two of their people for about 15-20 minutes dragging cash
out of the vault, counting it out to one-another and then to us. I
suspect that cost more than processing the check. I would have been
uncomfortable carrying that much cash but we were depositing it in
another bank 20 minutes away.

If it was a purchase from a dealer it's surprising that the dealer would
not have the ability to do Check 21 processing on personal checks.

If a business wants a bare negotiable or cash why would they want to
deal with personal checks?


Because they don't want to lose a sale?


Making a sale isn't the issue it is making money while making a sale. So
a merchant may say "I may loose some sales but I won't be paying my
attorney to go to the magistrate to try to collect on bad checks"


Read the thread again. The question was why a business who wants cash would
want to deal with personal checks.

OTOH, they may want to pass on the sale because of the risk. Choice is a
great thing, no?