QUESTION: Does your Bank charge you fees when you deposit too much cash during a banking cycle?
Our Bank (Bank Of America) decided to charge us a “Fee” for depositing too much cash during a banking cycle.
This is the first time in over 4 years that we have been charged a “Fee” for depositing too much cash.
We just spoke to the Bank and they “reversed” the fee.
But really…you are a Bank…with cash…and you thank me for depositing cash…because you really need the cash to give to other Bank Clients…but you then turn around and charge a fee for depositing that cash. Am I living in the Twilight Zone?
Is there anyone else out there whose Bank charges a “Cash Deposit Fee”?
I understand that cash is not necessarily the best form of payment (a little more risky getting the payments to the Bank).
Thus, we prefer Money Orders.
However, when you have cash, you would think a Bank would be the first ones who would want it…I guess not.