View Full Version : Does usury apply to bank fees
mlbiscuit
Jan 10, 2008, 01:33 PM
My daughter bounced a $17 check and moved out of state and didn't realize it. Now she is back home and wanted to open an account at her old bank but they said she owes $800 in fees. Is this legal? They aren't willing to negotiate. Is there any other way to remedy this?:eek:
Fr_Chuck
Jan 10, 2008, 02:40 PM
I would have to ask how it got to that point. How long has it been.
He would have gotten notice of the bounced check, a bank statement every monty showing it over drawn??
mlbiscuit
Jan 10, 2008, 05:12 PM
She was 18 and moved out on her own to another state. Her father promised to forward her mail but never did before he died. It has been over a year since she apparently bounced the $17 check. Isn't there a cap to their charges?
Fr_Chuck
Jan 10, 2008, 06:16 PM
My post did not come across exactly right, But basically no that is why you need to shop around for the right bank, There are some that charge a daily fee for every day you are over the limit, there are others that do not