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The Water Cooler
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Bank Of Oklahoma Fees and Humor
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<blockquote data-quote="HMFIC" data-source="post: 2092982" data-attributes="member: 7539"><p>It's a fee they charge to cash checks written on business accounts that don't have the higher level paid type accounts. It happens when you try to cash a check in person written on a BOK account for a business that doesn't have the higher level account. It used to be $6.00 I think? Keep in mind this is only when you try to cash in person. </p><p></p><p>Anyway... I think it's BS. I would have thought that a check written on an account is payable by that bank no matter what level of account the writer has and I'll bet that banking law will eventually rule in favor of the person cashing the check.</p><p></p><p>To be fair though, I'm not sure if other banks practice this or not... could be everyone, my experience has only been with BOK though.</p></blockquote><p></p>
[QUOTE="HMFIC, post: 2092982, member: 7539"] It's a fee they charge to cash checks written on business accounts that don't have the higher level paid type accounts. It happens when you try to cash a check in person written on a BOK account for a business that doesn't have the higher level account. It used to be $6.00 I think? Keep in mind this is only when you try to cash in person. Anyway... I think it's BS. I would have thought that a check written on an account is payable by that bank no matter what level of account the writer has and I'll bet that banking law will eventually rule in favor of the person cashing the check. To be fair though, I'm not sure if other banks practice this or not... could be everyone, my experience has only been with BOK though. [/QUOTE]
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