I am trying to figure out how it is legal for a bank to charge me a five dollar fine when someone else has written a bad check TO ME!
I was doing work for a person I assumed could pay me, and they wrote me a 20 dollar check. Without any instructions otherwise, I took it to my Fifth Third bank to deposit it. They said the check was no good, that it was overdrafted, and then charged me five bucks for trying to deposit someone elses bad check!
They then told me if I had only cashed it I wouldn't have been charged the five dollars. So I guess they only penalize their own customers. Well alrighty then.
Is this at all logical?
Now I don't like the overdraft-fee-craze that everyone else discribes, but it is, barring a few particulars, in many ways your own fault when you overdraft your account. But why is it my fault that I am handing the bank a check that isn't good when it has been passed to me as being good.
Don't give me the money, OK, but don't charge me five bucks for not being a psychic.
It is bad enough that I was out the twenty bucks (which the people who wrote the check had the goodness to give me later and then paid in cash from then on) but do banks really have to add salt to the wound by fining me for it?
Could this really be legal?
0 comments