| Title: | DCU |
| Notice: | 1996 BoD Election results in 1004 |
| Moderator: | CPEEDY::BRADLEY |
| Created: | Sat Feb 07 1987 |
| Last Modified: | Fri Jun 06 1997 |
| Last Successful Update: | Fri Jun 06 1997 |
| Number of topics: | 1041 |
| Total number of notes: | 18759 |
How would we go about addressing a reconsideration on the part of DCU for the amount charged for a stop payment order on sharedrafts? While this isn't a "service" I frequently require, occasionally when a check is "lost in the mail" (not rec'd by payee after a reasonable time period, and not yet cleared), I like to doubly protect myself by requesting a stop payment order, just in case it falls into the wrong hands and is attempted to be cashed or deposited. The last time I had this done, the charge for the service was $15. This seemed rather high to me, although I must admit I haven't a clue as to what it entails on DCU's end. Sometimes $15 is more than the value of the check being voided. Is it possible that this charge can be reassessed and adjusted? Does anyone have comparable fees for this service from other financial institutions? It would seem to me that a charge in the range of $2 to $5 might be reasonable. With the charge set at $15, it almost appears that it's set that way to discourage its use. -Jack
| T.R | Title | User | Personal Name | Date | Lines |
|---|---|---|---|---|---|
| 905.1 | ROWLET::AINSLEY | Less than 150 kts. is TOO slow! | Wed Dec 07 1994 11:32 | 8 | |
Jack, Just a sample data point, the bank I used to use, charged $15 and the stop payment ended after 2 years. Anytime they keyed in my account number for anything, their terminal beeped and they looked in the message area for the message. Bob | |||||
| 905.2 | Some data | WAYLAY::GORDON | in this court of kangeroos... | Wed Dec 07 1994 13:55 | 5 |
The one time I had to issue a stop payment against a DCU draft was 8 years ago and most banks (my only other data points) were charging around $10-$15 at that time. The DCU fee at the time was $5. --Doug | |||||