- Report: #726767
Report - Rebuttal - Arbitrate
Complaint Review: Regions Bank
Regions BankClinton Hwy. Knoxville, TN Knoxville, Tennessee United States of America
Regions Bank $10.00 fee to cash $150.00 - Region Bank Claims: Federal Reserve charges $10.00 per check cashed over $150.00 Knoxville, Tennessee
*Consumer Comment: see
*Consumer Comment: Nope.
*Consumer Comment: Bank Fees
*Consumer Comment: Well
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I was cashing a Regions Bank check written to me by a Regions Bank customer.
Check amount = $170.00 Told me $10.00 will be deducted from the check amount due to Federal Reserve fees incurred by Regions bank. Regions Bank claims the federal reserve Charges $10.00 per check cashed over $150.00 for non Regions Bank customers.
I tore up the check, went back to the person who wrote the check, and requested a new check for $180.00. $10.00 more than the original check to cover the federal reserve fees. She (Regions Customer) was not a happy.
Next week she's withdrawing over $200,00.00 from various Regions Bank accounts and moving a 40k loan from Regions to 1st Tennessee.
The $10.00 is not the issue, it's the corrupt values of a corrupt bank fleecing those who can least afford to pay unfair and ridiculous fees.
Per check Federal Reserve Fee $10.00? I don't think so. Anyone know?
This report was posted on Ripoff Report on 05/07/2011 08:44 AM and is a permanent record located here: http://www.ripoffreport.com/r/Regions-Bank/Knoxville-Tennessee-37918/Regions-Bank-1000-fee-to-cash-15000-Region-Bank-Claims-Federal-Reserve-charges-10-726767. 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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