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can a bank impose a service charge on stop payment orders?
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Yes, it costs money to stop payment
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I think every bank Ive been to has a fee for stop payments...
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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.
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Yep and they deduct it right out of your account..how convenient
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Oh....this brings back horrible memories... GLOBILL :321GFY
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