We have the closing on our newest flip house on Wednesday. Yeah! That WAS exceptionally quick! Ten days from viewing, offer, and close. It was Monday when Hick found out the amount of money due at closing. He had gone by the office of our Realtor. Saw her car, but she wasn't there. A phone call revealed that she was in the city for a routine medical appointment. She called Hick back with the amount.
On our last purchase, Hick wanted one check to present at closing. So we pulled money from our sources, and put it in one account, and drew a cashier's check from that account. This time, Hick decided we should take two cashier's checks, one from each source, because it would be easier. Okay. Not my problem, since he was doing the legwork.
Thing is, last Friday Hick asked a representative of one financial institution if they needed a cashier's check for us to deposit into the account, to draw one cashier's check from it. She said they could take a personal check.
WHAT?
I asked Hick if he told her the amount. Oh. Well. No. He did not. I thought that might make a difference. Even though we've had money there for over 35 years, surely they have a policy in place for the amount of money they can accept from a personal check. So I called to ask. Huh. The gal, upon hearing the amount we would be depositing, said that a cashier's check would be easier to deal with.
Again, not a problem. We just needed to know, since time is of the essence, and with only one day for the transfer, we didn't want to have a hold on the check. So I informed Hick, who said Realtor gave him the bright idea of just bringing TWO cashier's checks, one from each institution.
Off Hick went to the bank. An experience he found off-putting.
"I told them I was there to get a cashier's check for closing on a house, and the gal told me it would cost me ten dollars! I was NOT happy. I asked her why. We've been banking there forever. We have more than twice the amount of that check in our account. You would think that was good enough for them just to give us a cashier's check. They used to do it for no charge, back when we bought the QuickFlip in the summer. I was so mad I almost said, 'Then just give me all my money. I'm taking it out.' But I didn't So we had to pay ten dollars to get the cashier's check."
That's a relief. I hate to think of Hick carting around all that money. It gives me visions of Hick wallowing in it like Scrooge McDuck.
I bank with two banks that are pretty much online only - no in person services. I have to pay every time I need a cashier's cheque! It's a shame they want to charge for every little thing.
ReplyDeleteThis bank wasn't charging that fee six months ago, so it was a surprise to Hick, and set him on edge, thinking he was being treated differently this time. I've also noticed when I check my account on the automated phone line that they are now trying to charge us a six-dollar fee every month for our checking account. However, that fee is waived automatically the next day. Not sure if it's due to our age, or our balance.
DeleteSMH! My banks at least are free from fees like that, and I get unlimited usage of my debit card. $6 to have the account with them is ridiculous, but I am glad they waive the fee the next day. It must be your balance that gets it waived, the banks up here waive it for folks based on balances too
DeleteThey were pushing me to open a savings account when I was there last week. Saying how great it would be for ME. Uh huh. I don't know any business that is overly concerned with helping the customer unless there's something in it for THEM! We've only used this bank for checking, for 35 years, and now all at once they want us to have a savings account.
DeleteOr maybe Hick would have taken all that cash and headed to Oklahoma to the casino!
ReplyDeleteMore likely, Hick would have headed to his favorite pawn shop in Casino Town here, and put that cash into more merchandise to sell at his SUS2.5.
DeleteI am glad you are abreast of everything. I have always paid for cashier's checks. Of course, everything else is free because of my age.
ReplyDeleteI am the detail person. Hick is the dreamer.
DeleteThat $10 is something I really disapprove of. Charging you money to get your own money from the bank! It's like here when you take a cheque from somewhere else to your bank and want to cash it, they'll charge you $25! But if you just put it in your account, you can go to the ATM and get your money free of charge. I guess the banks have to make their trillion $ annual profits somehow.
ReplyDeleteThat's exactly right! Making us pay to get our own money out!
Delete