Is it legal for banks to charge non-customers fees when encashing check payments?

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Is it legal for banks to charge non-customers fees when encashing check payments?

2007-07-11 04:49:29 · 3 answers · asked by budingding2 1 in Politics & Government ➔ Law & Ethics

3 answers

Yes, it's legal. If you don't have a bank account, 20 minutes of your time spent opening a free checking account would probably be worth less than paying the fee over and over. :)

2007-07-11 05:00:55 · answer #1 · answered by Xander Crews 4 · 0⤊ 0⤋

Who has more money to hire lobbyists, you or the bank? Who has more money to bribe senators and judges, you or the bank?

Yes it is legal... but that doesn't make it ethical.

2007-07-11 11:58:39 · answer #2 · answered by Anonymous · 0⤊ 0⤋

Yes, it absolutely is legal. There are numerous statutes that allow it.

2007-07-11 11:52:00 · answer #3 · answered by cyanne2ak 7 · 0⤊ 0⤋