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-   -   can a bank impose a service charge on stop payment orders? (https://gfy.com/showthread.php?t=472923)

StickyGreen 05-26-2005 06:42 PM

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

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 :321GFY


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