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$8 for a Cashier's Check at my bank...Seem High?
Posted on 4/2/13 at 10:00 am
Posted on 4/2/13 at 10:00 am
Made the decision to pay off "momma an nems" mortgage...being the good son I am and they charged me $8 for a $52K check...They said it would be the same charge for $100.
What the hell is going on in Lousiana that Iberia Bank would have to charge such a high rate? Is your bank different?
What the hell is going on in Lousiana that Iberia Bank would have to charge such a high rate? Is your bank different?
10
Posted on 4/2/13 at 10:03 am to sugatowng
If you've got a decent amount of money in the bank there shouldn't be any charge. My Wells Fargo PMA gives free cashiers checks. Haven't needed one for three or four years so it may have changed, but I doubt it.
I'd be taking a handful of those dum dum suckers for $8.
I'd be taking a handful of those dum dum suckers for $8.
Posted on 4/2/13 at 10:03 am to sugatowng
$5-10 at a bank is about right
Posted on 4/2/13 at 10:05 am to Mizzeaux
quote:
I'd be taking a handful of those dum dum suckers for $8.
I went with Strawberry, Rootbeer and tres leches
Posted on 4/2/13 at 10:08 am to sugatowng
Bank of America doesn't charge for 3 a month if you meet certain criteria.
Posted on 4/2/13 at 10:10 am to sugatowng
all depends on the bank
Posted on 4/2/13 at 10:16 am to UMRealist
What's the point really of such an absurd charge?
Posted on 4/2/13 at 10:18 am to sugatowng
quote:
What's the point really of such an absurd charge?
Step 1: Charge an absurd amount for a cashier's check.
Step 2: ???
Step 3: Profit
Posted on 4/2/13 at 10:21 am to sugatowng
Banks have to make money. fee income for banks is really down since the banking crisis. A lot of banks these days have very very little fee income outside of overdraft charges.
Is the bank you use a small local community bank? If so they probably have to keep some of their fees and generally rely on people not leaving due to loyalty from long time customers.
Is the bank you use a small local community bank? If so they probably have to keep some of their fees and generally rely on people not leaving due to loyalty from long time customers.
Posted on 4/2/13 at 10:25 am to UMRealist
quote:
Is the bank you use a small local community bank?
IBERIABANK, (NASDAQ: IBKC), is a regional bank based in Lafayette, Louisiana. It has 145 branches in 6 Southern states: Louisiana, Alabama, Florida, Arkansas, Tennessee and Texas
IBERIABANK, a 125-year-old subsidiary of IBERIABANK Corporation, has $10 billion in assets (as of December 31, 2010). IBERIABANK Corporation is the second largest bank holding company headquartered in Louisiana and employs over 2,100 people.
Posted on 4/2/13 at 10:27 am to sugatowng
okay that's a pretty big bank. yeah thats weird they would charge a fee on something like that. I guess some banks are just still doing it where they can.
Posted on 4/2/13 at 10:31 am to sugatowng
I think Regions was about $5 when I did one. Same with First Tennessee.
And that's a nice thing to do to pay off their mortgage.
And that's a nice thing to do to pay off their mortgage.
Posted on 4/2/13 at 11:51 am to sugatowng
$6 at my bank
some people forget that a bank is a business, they provide a service in return for money.
Everybody thinks the bank should just give everything for free
some people forget that a bank is a business, they provide a service in return for money.
Everybody thinks the bank should just give everything for free
This post was edited on 4/2/13 at 11:52 am
Posted on 4/2/13 at 11:54 am to Mizzeaux
quote:
I'd be taking a handful of those dum dum suckers for $8.
I'd take all of them. And the bowl they were in.
Posted on 4/2/13 at 11:54 am to sugatowng
They know you will pay it so why not charge a fee.
Posted on 4/2/13 at 11:57 am to MaesterMullen
quote:
$6 at my bank
some people forget that a bank is a business, they provide a service in return for money.
Everybody thinks the bank should just give everything for free
yea but banks forget that they need people to use their bank over other banks or they won't have any money to provide services. I always check on a banks fees and charges that apply to me when i'm choosing where to store money at. I don't use a bank if I look and see they charge a bunch of fees, high priced fees or there is a fee I don't understand.
Posted on 4/2/13 at 11:59 am to sugatowng
You should have threatened to close your account. They probably would have waived the fee.
Posted on 4/2/13 at 12:03 pm to oklahogjr
yeah, pretty much all banks charge fees here and there nowadays. There is always a way to get around them, like getting online statements or using your debit card x amount of times a month, etc
eta: but I'm not thrown off my an official check fee. It costs money to print those checks. If anybody would close out there account just for that I wouldn't want their business anyway
eta: but I'm not thrown off my an official check fee. It costs money to print those checks. If anybody would close out there account just for that I wouldn't want their business anyway
This post was edited on 4/2/13 at 12:06 pm
Posted on 4/2/13 at 12:06 pm to sugatowng
I think when they made changes to overdraft charges and credit card fees, banks were forced to find other sources of fees and these services that were once less expensive or free with a balance became fair game. Sort of like baggage on airplanes.
Posted on 4/2/13 at 12:08 pm to Bellabama
quote:
I think when they made changes to overdraft charges and credit card fees, banks were forced to find other sources of fees and these services that were once less expensive or free with a balance became fair game. Sort of like baggage on airplanes.
This.
Thanks, Obama
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