Now I'll be the first to admit that sometimes I'll write a check and the money won't be in the bank until the next day. The problem is once I wrote a check to Walmart and the money didn't arrive in the bank on time for walmart to get their money.
I do have 400 overdraft protection, so the check was probably cashed anyway. If it wasn't, the next time it was put though it was cashed and I paid the 32 dollar bounce fee. The problem I have is not only are you penalized by the bank, walmart has to report you to telecheck. And even though they got their money, you're supposed to suck telecheck's *** in order to write a check there again.
I don't know what they charge but I think it's like 35.00 per check. and they won't tell you at the register before you cash the check, they have to wait until you have a full cart full of stuff to tell you that the check won't go through so that all the people behind you see you walking away with your cart full of stuff still sitting there and the cashier having to put it all back. Not only is this humiliating enough, you have to call your bank to find out that the check was cashed and paid. All you have while you sit there with your mouth open is a slip of paper given to you by the cashier to call telecheck.
I just called them. The paper says open 24 hours a day. It's 10:30 and they are closed. There's your sign right there.
They're a bunch of money grubbing liars who latched onto Walmart and other stores so they can charge you more than your own bank does for a bounced check. The thing that really *** me off is that your bill with Walmart is squared away. Your bounce fee with the bank is taken care of. Everything is fine except for TELECHECK!!!!
Once you get a hold of them I'm sure they will tell you that you have to send them a money order or certified check in order for them to clear your name and checking account. How did we get this far America! I can understand trying to stop someone from writing checks from your account if they steal your purse, but all you have to do is call the bank and close the account. Same thing with your debit or credit card.
Just call the bank and close the account. It's harder to fix your own checking account than to be ripped off by a perfect stranger. And body are they raking in the money. They get more money for a bounced check than the bank gets.
More than the store gets. I tell you what I'm really sick of Telecheck. I think I'm going to boycott places that use telecheck in the future. It's just too much of a hassle.
Ok so I bounced a check. I'll pay for it out of my account. I'll also pay the bounce fee. That's enough.
I don't need for this incident to go any further. We've become so obsessed with our credit scores that we can't even write a check at the local grocery store without it affecting our credit score. Wake up people. It's really not that important.
It's not gonna effect whether or not you get that new Dodge Ram or not. It's just making people at Telecheck richer and putting the rest of us through ***.
Product or Service Mentioned: Walmart Cashier.