Quote:
Originally Posted by borg23
check didnt actually bounce
the bank said as a courtesy they credit up to 5,000 dollars in foreign checks to the account when they are deposited. since the 2 checks totaled 6000 dollars they took the money for one of them out of the account and are waiting for it to clear which they say takes an average of 18 business days.
In addition to the long collections hold
For the 3000 dollar check that was immediately credited to my account I was charged nothing
For the 3000 dollar check that there was a hold on, it cleared today.
However I was charged a 45 dollar collection fee from my bank (rhymes with race) which I got waived by calling them.
Additionally I was charged another 40 dollars on the check as follows
Intl Coll COIB004277747 I3159 YRTRAN 07/08/13FAmt 3000.00/USD Fees 40.00
My account was credited with 2960.00 instead of 3000.00.
that fee they did not waive and claimed it is a charge from the other bank.
The whole thing is strange as I was never charged any fee for depositing a check before, so apparently for checks they put a hold on the fee gets charged and for checks they don't there is no fee. Just a warning for anyone cashing these checks at this bank.