Bank of America Stop Payment Fee for Check Now Costs $30 - Every 6 Months - Forever

Related Topics: Taxpayers, Bank, New York

The Sunday, July 25, New York times carried an article detailing a man's experience with trying to arrange a stop-payment for a check he had written.

The Bank of America employee on the phone explained to the man there would be a $30 fee.

That was valid for only six months. When the man/customer asked about a permanent stop he was told he could renew.

“Yes sir, you can renew your stop payment six months from now. For an additional $30."

“Well, technically, you can renew stop payments indefinitely” she said, as if this were the glimmer of hope I was searching for. “However, you will still have to pay $30 each time.”

So, Bank of America will charge $30, every six months, till death, to cancel a single check.

The article ends with mentioning the $45 billion in bailout money that taxpayers handed over to Bank of America.

article ends mentioningnbspthe 45 bailout money taxpayers handed bank america
. . . . And Higher Prices - Forever ?

Read more: http://finance.yahoo.com/news/Stop-Payment-Now-Sto...

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2009/07/29 02:18:39

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