can a bank impose a service charge on stop payment orders? - GoFuckYourself.com

StickyGreen · 05-26-2005, 06:42 PM

?????????????

Snake Doctor · 05-26-2005, 06:43 PM

Yes, it costs money to stop payment

pubenemy · 05-26-2005, 06:45 PM

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

Probono · 05-26-2005, 06:47 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, 06:52 PM

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

RadiantX · 05-26-2005, 06:54 PM

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

05-26-2005, 06:42 PM	#1
StickyGreen . Industry Role: Join Date: Oct 2003 Posts: 13,076	can a bank impose a service charge on stop payment orders? ????????????? __________________ Refer Cam Girls and Take Home 10% of Everything They Make For Life

05-26-2005, 06:43 PM	#2
Snake Doctor I'm Lenny2 Bitch Join Date: Mar 2001 Location: On top of my soapbox Posts: 13,449	Yes, it costs money to stop payment __________________ sig too big

05-26-2005, 06:45 PM	#3
pubenemy Confirmed User Join Date: May 2004 Location: SW FL Posts: 990	I think every bank Ive been to has a fee for stop payments... __________________ ICQ: 22-920-445 Aim: OGpubenemy

05-26-2005, 06:52 PM	#5
Spunky I need a beer Industry Role: Join Date: Jun 2002 Location: ♠ Toiletville ♠ Posts: 133,944	Yep and they deduct it right out of your account..how convenient __________________ *YOUR INFORMATION HERE*

05-26-2005, 06:47 PM	#4
Probono Confirmed User Join Date: Oct 2002 Location: Under the Rainbow Posts: 2,731	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.

05-26-2005, 06:54 PM	#6
RadiantX Confirmed User Join Date: May 2005 Location: FL Posts: 550	Oh....this brings back horrible memories... GLOBILL