- Report: #950674
Report - Rebuttal - Arbitrate
Complaint Review: First Fidelity Bank
First Fidelity Bank5101 N. Classen Oklahoma City, Oklahoma United States of America
First Fidelity Bank Charges $5 to cash a check written by one of their customers. Oklahoma City Oklahoma
*Consumer Comment: Try this
A business' first
line of defense
on the Internet.
If your business is
willing to make a
Click here now..
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: http://www.ripoffreport.com/r/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.
If you would like to see more Rip-off Reports on this company/individual, search here:Search Tips
In order to assure the best results in your search:
- Keep the name short & simple, and try different variations of the name.
- Do not include ".com", "S", "Inc.", "Corp", or "LLC" at the end of the Company name.
- Use only the first/main part of a name to get best results.
- Only search one name at a time if Company has many AKA's.
Advertisers above have met our
strict standards for business conduct.