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Originally Posted by BusterPorn
I was on my to FedEx and needed a cashiers check for $1000. The teller tells me I need a Wells Fargo acct. and that I cannot just giver her cash to get a cashier's check and pay the cashier's check fee. What a bunch of retards. The next bank I stopped at thought it was odd that Wells Fargo said that too. Guess they dont want to make money!  |
The policy started due to money laundering and counterfeiters. Counterfeiters would take the cashier?s check and bleach the names and amounts out and increase the value. If you don?t have an account with them they have no recourse. It?s probably not that big of a problem anymore, but ultimately all they care about are their customers. The cashier?s check fee just covers overhead, they don?t do it because of the huge profit margin.