Complaint Review: M&T Bank - E Amherst New York
- M&T Bank 9328 transit rd E Amherst, New York USA
- Phone:
- Web: Mandtbank.com
- Category: Banks
M&T Bank Outrageous check cashing fee E Amherst New York
*Consumer Comment: There is another option
$20 to cash a personal check at M & T Bank is quite extreme and a major rip off. The only way to avoid the fee is to open an account so they can further charge you a fee for said account.
This report was posted on Ripoff Report on 04/03/2017 06:38 AM and is a permanent record located here: https://www.ripoffreport.com/reports/mt-bank/e-amherst-new-york-14068/mt-bank-outrageous-check-cashing-fee-e-amherst-new-york-1365496. 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
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#1 Consumer Comment
There is another option
AUTHOR: Robert - (USA)
SUBMITTED: Friday, April 14, 2017
This fee is easily avoidable. All you need to do is to go to YOUR bank and deposit the check in YOUR account. Since you are an account holder at your bank they won't charge you a fee.
Now, if you don't have another bank because you "choose" not to, then you also "choose" to be subject to the terms of other banks for cashing checks of non-account holders. Where yes, while $20 is a bit on the high side since they appear to charge 2% you were also trying to cash a check for around $1000.
And before you say it, yes while not all banks do this, MOST do. I would bet you would be surprised if you actually asked your bank what they charge.
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