Ripoff Report Needs Your Help!
X  |  CLOSE
Report: #950674

Complaint Review: First Fidelity Bank - Oklahoma City Oklahoma

  • Submitted:
  • Updated:
  • Reported By: Warren — Edmond Oklahoma United States of America
  • Author Confirmed What's this?
  • Why?
  • First Fidelity Bank 5101 N. Classen Oklahoma City, Oklahoma United States of America
  • Phone: 405-416-2222
  • Web:
  • Category: Banks

First Fidelity Bank Charges $5 to cash a check written by one of their customers. Oklahoma City Oklahoma

*Consumer Comment: Try this

Show customers why they should trust your business over your competitors...

Is this
Report about YOU
listed on other sites?
Those sites steal
Ripoff Report's
content.
We can get those
removed for you!
Find out more here.
How to fix
Ripoff Report
If your business is
willing to make a
commitment to
customer satisfaction
Click here now..

A local company wrote me a $500 check on their First Fidelity Bank account.  The bank was around the corner from the business so I decided to stop in an cash the check.  I was informed that the bank charges $5 to cash a check unless the person cashing it is a bank customer.

I was dumfounded that a bank would charge me to cash a check that one of their customers wrote to me.  I spoke with a manager and was told that the bank had done a study and it costs the bank about $5 in time and effort to cash a check for a non-bank customer.  Of course, they would be happy to open an account for me.  I declined and the manager asked why I needed cash, and asked me if I had to cash the check because I was overdrawn at my own bank.  What a turd! 

I did not cash the check but went and deposited it in my own account. 

What a horrible business practice.  It seems to me that this policy targets the poor and those who don't have bank accounts.  If I did not have a bank account to deposit the check, I would have had very little choice but to pay the one percent fee just to get MY money.  What if the check had been for $100?  A $5 fee would be five percent of the check value.  Although this was not a loan, the term "usury" comes to mind.  

This report was posted on Ripoff Report on 10/04/2012 07:26 AM and is a permanent record located here: https://www.ripoffreport.com/reports/first-fidelity-bank/oklahoma-city-oklahoma-73118/first-fidelity-bank-charges-5-to-cash-a-check-written-by-one-of-their-customers-oklahom-950674. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

Search for additional reports

If you would like to see more Rip-off Reports on this company/individual, search here:

Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?

Updates & Rebuttals

REBUTTALS & REPLIES:
0Author
1Consumer
0Employee/Owner

#1 Consumer Comment

Try this

AUTHOR: Robert - (U.S.A.)

POSTED: Thursday, October 04, 2012

This is actually standard practice with just about every bank out there.  $5 is about average, and you will usually see rates in the $2-$10 range.

So try this little experiment.  Go to your bank and ask them how much they charge non-customers to cash a check written on their bank.  Let us know what you find out,  and if they say they won't charge you a fee you should post the bank name here as it may be enough to get many people to become customers.

Respond to this report!
What's this?
Featured Reports

Advertisers above have met our
strict standards for business conduct.

X
What do hackers,
questionable attorneys and
fake court orders have in common?
...Dishonest Reputation Management Investigates Reputation Repair
Free speech rights compromised

WATCH News
Segment Now