• Report: #950674

Complaint Review: First Fidelity Bank

  • Submitted: Thu, October 04, 2012
  • Updated: Thu, October 04, 2012

  • Reported By: Warren — Edmond Oklahoma United States of America
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

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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: 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.

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#1 Consumer Comment

Try this

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

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.
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