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Reply #7: Check for another bank, and before opening an account, I'd ask [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
napi21 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-18-08 10:35 PM
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7. Check for another bank, and before opening an account, I'd ask
what THEIR policy was on # of checks per day! I've NEVER heard of such an insane policy and I've been involved with the banking industry for over 40 years. THAT'S crazy!

I would also contact the current bank and find out if this is their policy or a Telecheck policy. Allbeit I've never heard of such a thing, Telecheck guarantees the merchant the funds if they've authorized a check that turns out to be bad. Maybe THEY have had a rash of bad checks and changed THEIR policy!
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