can a bank impose a service charge on stop payment orders?

**Snake Doctor** · 05-26-2005, 05:43 PM

Yes, it costs money to stop payment

**pubenemy** · 05-26-2005, 05:45 PM

I think every bank Ive been to has a fee for stop payments...

**Probono** · 05-26-2005, 05:47 PM

Yes, more significant is that a stop payment has limited value. I learned the hard way about something called holder in due course under the UCC. If the payee takes the check to a check cashing place and they accept the check you will need to pay it regardless of a stop payment unless the person who cashes the check commits fraud or forgery regard the act of cashing the check.

**Spunky** · 05-26-2005, 05:52 PM

Yep and they deduct it right out of your account..how convenient

**RadiantX** · 05-26-2005, 05:54 PM

Oh....this brings back horrible memories... GLOBILL

can a bank impose a service charge on stop payment orders?

can a bank impose a service charge on stop payment orders?

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