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If you cash a check at the bank where the account is, then it's not common to be charged a fee for cashing it.

Most banks do not charge you for cashing local cheques (cheques issued in the same city even if it is a different bank) It also depends on the type of account you hold and the place from where the cheque was issued to you.

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Q: If you have a check made out to you drawn upon that branch can they charge you a fee?
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Can a bank charge you multiple times for the same check overdraft?

The bank will charge an overdraft fee for as many times as the check has an attempted deposit. So the individual the check is written to is the person who is initiating multiple attempts to collect and the bank will charge a fee for every attempt made.


How does a bank draft work?

A bank draft is a check issued by a bank. It is drawn on the account for a person who has money deposited with the bank. A bank draft is also called a certified check. It is made out to the business or person the customer of the bank needs to pay.


Why is it not good to go to a check-cashing store instead of a bank?

The main reason it is not good to go to a check-cashing store instead of a bank is the fees that will be assessed by the check-cashing store. Check cashing stores tend to charge you a percentage of the check as a fee - 10% or more, usually. Banks, if they charge you a fee at all, usually charge a flat fee that ranges from $5-15, and usually only on checks over a certain amount ($50 or more). And most banks will not charge you any fee to cash a personal check that is made payable to you (fees typically apply only to checks given to you by a business rather than an individual).


What is the difference between a money order and cashiers check?

Certified checks are rarely used in today's banking world. They formerly signified that a bank was certifying that the funds represented by the customer's check were actually in the account. They are so uncommon that I've had a handful of bankers call me over the last ten years asking about the procedure for creating a certified check! They had never had the occasion to certify one before. A cashier's check is a check drawn by a bank on an account maintained at the same bank. A money order can be a one-shot checking account, or can be the equivalent of a cashier's check, depending on how it is made up, who the drawer is, what it is drawn on.


Demand draft drawn on?

the bank from which the demand draft has been made

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Can a bank charge you multiple times for the same check overdraft?

The bank will charge an overdraft fee for as many times as the check has an attempted deposit. So the individual the check is written to is the person who is initiating multiple attempts to collect and the bank will charge a fee for every attempt made.


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