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Long story made short.
Boss pays me by check. I go to cash the check AT HIS BANK.
Bank will only give me cash if I let them charge a $4.00 fee or if I have an account with them.
To my knowledge a bank has no authority under the Uniform Commercial Code to charge fees for cashing a check that is good and properly payable on their books.
The bank's legal department refuses to cite on what authority they can do this. They say I have to show them proof that they can't do it.
Without researching the UCC, I know that cashing a check and paying it is part of the duty of dealing with commercial paper. No fee is allowed for doing that duty as it is the duty of the bank when presented with a check for payment that is properly payable, but I don't know what UCC citation that would be off the top of my head.
Likewise, I do not know if any such change to the UCC has since been made allowing such an outrageous practice to be done.
Any help? I'm going to see what I can find, but I have other work I need to take care of. UCC statutes specific to Virginia would be best, but since most states accept the UCC as generally published, any citation would help.
Boss pays me by check. I go to cash the check AT HIS BANK.
Bank will only give me cash if I let them charge a $4.00 fee or if I have an account with them.
To my knowledge a bank has no authority under the Uniform Commercial Code to charge fees for cashing a check that is good and properly payable on their books.
The bank's legal department refuses to cite on what authority they can do this. They say I have to show them proof that they can't do it.
Without researching the UCC, I know that cashing a check and paying it is part of the duty of dealing with commercial paper. No fee is allowed for doing that duty as it is the duty of the bank when presented with a check for payment that is properly payable, but I don't know what UCC citation that would be off the top of my head.
Likewise, I do not know if any such change to the UCC has since been made allowing such an outrageous practice to be done.
Any help? I'm going to see what I can find, but I have other work I need to take care of. UCC statutes specific to Virginia would be best, but since most states accept the UCC as generally published, any citation would help.