Payor bank charged large fee for depositing check

Oct 6th, 2006, 03:11 PM

I deposited with my local bank in TX a check drawing on US funds from the NY branch of a Canadian bank. After several weeks of collection, the checks finally cleared. But the payor bank had assessed a large fee on the final settled amount, claiming hundreds of dollars in carrier fees, wire fees, service charges.

I'm not their account holder, shouldn't they be assessing the charges and fees on the payor's account? To me, the payee, the check looked no different than any check I would receive, and I was not at all aware of the large fees associated with the deposit.

Can payor banks assess such fees on the payee? Please help, do I have any recourse in this matter?

Oct 7th, 2006, 10:40 AM

You may object to those fees, and ask your bank to explain and verify etc. as well. Often if you object strongly the fees will be waived--at least this one time.

Oct 7th, 2006, 08:20 PM

I tried. The problem is that the fees are not imposed by my bank (the payee bank). My bank assessed collection fees initially, but they've already reversed those fees for me. And I understand that the payee bank can sometimes charge collection fees for international checks.

I just wonder about the legality of the payor bank charging me the fee. I don't have an account with the payor bank, I'm just trying to draw on the check their account holder wrote me.

Any ideas?

Oct 6th, 2006, 03:11 PM	#1
Unregistered Posts: n/a	Payor bank charged large fee for depositing check I deposited with my local bank in TX a check drawing on US funds from the NY branch of a Canadian bank. After several weeks of collection, the checks finally cleared. But the payor bank had assessed a large fee on the final settled amount, claiming hundreds of dollars in carrier fees, wire fees, service charges. I'm not their account holder, shouldn't they be assessing the charges and fees on the payor's account? To me, the payee, the check looked no different than any check I would receive, and I was not at all aware of the large fees associated with the deposit. Can payor banks assess such fees on the payee? Please help, do I have any recourse in this matter?

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Oct 7th, 2006, 10:40 AM	#2
Unregistered Posts: n/a	You may object to those fees, and ask your bank to explain and verify etc. as well. Often if you object strongly the fees will be waived--at least this one time.

Oct 7th, 2006, 08:20 PM	#3
Unregistered Posts: n/a	I tried. The problem is that the fees are not imposed by my bank (the payee bank). My bank assessed collection fees initially, but they've already reversed those fees for me. And I understand that the payee bank can sometimes charge collection fees for international checks. I just wonder about the legality of the payor bank charging me the fee. I don't have an account with the payor bank, I'm just trying to draw on the check their account holder wrote me. Any ideas?