Free Republic
Browse · Search
General/Chat
Topics · Post Article

Skip to comments.

Sun Trust bank now charges customers $7 to cash business checks drawn on Sun Trust Accounts

Posted on 09/28/2012 7:37:16 AM PDT by CThomasFan

I have an acquaintance that works at a Sun Trust bank in Richmond, VA who told me yesterday that Sun Trust charges $7 to cash a business check drawn from a SUNTRUST account. That is a lot of money for a day laborer! That is highway robbery. The bank is holding the business's money AND charging the customers to have access to it. Unbelievable.


TOPICS: Business/Economy
KEYWORDS: bankfees; banking; banks; suntrust; vanity
Navigation: use the links below to view more comments.
first previous 1-2021-36 last
To: CThomasFan; All

I am sure some Business Socialist will have some interesting spin on why someone should be charged for getting money from someone who authorized them to get the money

A lot of credit unions have business accounts now...be foolish for any small business to do any business with a bank

Hey, lets do another Bank Bailout!


21 posted on 09/28/2012 8:45:26 AM PDT by SeminoleCounty (Political maturity is realizing that the "R" next to someone's name does not mean "conservative")
[ Post Reply | Private Reply | To 1 | View Replies]

To: CThomasFan

Real jag-offs, SunTrust Bank is. They won’t allow my mother to close an account even though she has moved out of their territory. They insist that she appear at one of their branches in person to close the account.


22 posted on 09/28/2012 8:48:51 AM PDT by Vigilanteman (Obama: Fake black man. Fake Messiah. Fake American. How many fakes can you fit in one Zer0?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: CThomasFan

Immediately close the account, remove all the money and go elsewhere. Don’t even take a breath before doing this.


23 posted on 09/28/2012 9:07:05 AM PDT by Banjoguy (The Mayor of San Antonio is the smoothest liar I have ever seen.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: CThomasFan

My bank does the same thing. Know what my solution was?

I had my employees endorse their paychecks over to me, then at quitting time they followed me to the bank with the endorsed paychecks. I cashed the $#%^ing checks one at a time sans shyster fee and had the teller put the cash in separate little envelopes and I put each employees name on each envelope and then handed out the envelopes.

Stupid banks.


24 posted on 09/28/2012 9:15:21 AM PDT by mamelukesabre
[ Post Reply | Private Reply | To 1 | View Replies]

To: CThomasFan

Last time I checked, Walmart cashes checks free of charge. Chances are that anyone that gets one of their checks is closer to a WM than a branch.


25 posted on 09/28/2012 9:16:06 AM PDT by Go_Raiders (The wrong smoke detector might just kill you - http://www.theworldfiresafetyfoundation.org)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Vigilanteman

So, they will allow it, but it just has to be in person...that is standard bank procedure in any bank I have used and have had to move and close my account.


26 posted on 09/28/2012 9:31:00 AM PDT by representativerepublic (...loose lips, sink ships)
[ Post Reply | Private Reply | To 22 | View Replies]

To: Mr. K

Perfectly legal. Went thru this about five years ago when I went to cash a $200 expense reimbursement check at Wells Fargo and they charged me $5. I pointed out that the instrument instructed them to pay me $200, not $195.

Anyway, looked it up in the banking regs and it’s perfectly legal. Unethical, IMO, but legal.

BTW, it applies only for checks that are cashed, not those that are deposited. Which seems odd.


27 posted on 09/28/2012 9:57:42 AM PDT by Sherman Logan (Perception wins all the battles. Reality wins all the wars.)
[ Post Reply | Private Reply | To 12 | View Replies]

To: Sherman Logan

deposit it, then withdraw it
:D


28 posted on 09/28/2012 10:13:24 AM PDT by Mr. K ("The only thing the World would hate more than the USA in charge is the USA NOT in charge")
[ Post Reply | Private Reply | To 27 | View Replies]

To: CThomasFan

Wells Fargo will not let you use more than $1500 a day with their debit card! No matter how much you have in their account! I am looking for another bank.


29 posted on 09/28/2012 10:16:30 AM PDT by Yaelle
[ Post Reply | Private Reply | To 1 | View Replies]

To: CThomasFan
A surcharge like this will cause a lot of businesses and individuals to move their accounts elsewhere. There is no law that says you have to do business with Sun Trust.

It looks as if the leadership of Sun Trust banks think, like most liberal/progressive/socialist/dimocrats that they can charge whatever they want for their “valued services” and no one will adversely respond to it.

30 posted on 09/28/2012 10:20:23 AM PDT by Nip (TANSTAAFL and BOHICA)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Yaelle

Wells Fargo has all kinds of ridiculous limitations on account transfers, etc, because they took over Wachovia Bank for a pittance and Wachovia had been laundering money for the drug cartels. So Wells Fargo now treats all of their customers like potential traffickers. And, as a Federally Protected Bank, they are acting like TSA screeners at the airport - pushing to test how much the public is willing to put up with.


31 posted on 09/28/2012 10:25:48 AM PDT by Mr. Jeeves (CTRL-GALT-DELETE)
[ Post Reply | Private Reply | To 29 | View Replies]

To: Mad Dawg; EDINVA; VA_Gentleman; seekthetruth; COBOL2Java; Perdogg; kabar; Gabz; Wage Slave; ...

VA Ping!

If you want on/off the VA Ping List, please freepmail me. Thanks!


32 posted on 09/28/2012 10:28:20 AM PDT by randita
[ Post Reply | Private Reply | To 1 | View Replies]

To: rightly_dividing
Thank you Barney Frank for screwing the little guys.

Don't forget Mr. "Waitress Sandwich"...


33 posted on 09/28/2012 10:36:07 AM PDT by COBOL2Java (I'm not voting for Obama, so therefore I must be helping Romney!)
[ Post Reply | Private Reply | To 7 | View Replies]

To: rightly_dividing

Did you have to use that term? Mental picture!


34 posted on 09/28/2012 11:15:50 AM PDT by ilovesarah2012
[ Post Reply | Private Reply | To 7 | View Replies]

To: CThomasFan

The fee is for going into the lobby (or drive thru) as I understand it, with non-account holders using bank personnel time. If the check recipient simply deposits the check into his/her account, there is no fee. Most banks have a policy to allow them to collect the fee, but few actually do it.


35 posted on 09/29/2012 11:01:05 AM PDT by EDINVA
[ Post Reply | Private Reply | To 1 | View Replies]

To: CThomasFan
I had this happen to me at a Chase bank. I had moved back from New Mexico and rejoined the family business, so I had what amounted to a payroll check, Chase wanted me to open an account or give them 10 bucks to cash a check written through them to me.

I informed the manager who was frankly a smart A** that the reason I didn't have a personal account there was because Chase always had one hand in your pocket.

The next week, we moved 3 business accounts and 10 personal accounts plus loans to Huntington.

We all to a person explained why as we moved the money, 2 years later they are still trying to get us back.

36 posted on 09/29/2012 11:34:06 AM PDT by Kakaze (I want The Republic back !)
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-36 last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
General/Chat
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson