Today I had the pleasure of working with US Bank’s, Justina, after my daughter recently incurred a returned deposit fee. Justina was excellent and forthright in explaining US Bank’s fee and that they will not verify a personal check before a customer attempts to deposit it. She said US Bank will verify cashier’s checks, but not personal checks. This is a note to self and others: stop accepting personal checks for payment from others unless you want to expose yourself to liability that includes your banker’s returned deposit fee.<\/p>\n
Interestingly, deposits can also be returned if the personal check has incurred too much damage. I asked Justina what constitutes damage and she explained that damage to numbers on the check may warrant a returned deposit fee – if a deposited check rolls through US Bank’s teller machine and is unreadable, they can assess you a returned deposit fee.<\/p>\n
I’m curious what else meets US Bank’s criteria for customers incurring a returned deposit fee. For instance, if the check’s paper has too much moisture and slips in the teller’s machine, what moisture to paper ratio warrants a returned deposit fee? Ha, this inquiry will wait for another day. In the mean time, don’t handle personal checks.<\/p>\n","protected":false},"excerpt":{"rendered":"
Today I had the pleasure of working with US Bank’s, Justina, after my daughter recently incurred a returned deposit fee. Justina was excellent and forthright in explaining US Bank’s fee and that they will not verify a personal check before … Continue reading