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    mlbiscuit's Avatar
    mlbiscuit Posts: 13, Reputation: 3
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    #1

    Jan 10, 2008, 01:33 PM
    Does usury apply to bank fees
    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's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #2

    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's Avatar
    mlbiscuit Posts: 13, Reputation: 3
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    #3

    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's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #4

    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
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