Is it proper for banks to charge the drawee of a bounced cheque a commission?
Answer:
Yes.and for the same reason the company you gave the check to will charge you a fee.a bounced check causes extra legwork and paperwork for the company and the bank.
Not to mention the fact that the company you gave the check to gets a bounced check fee from their bank too because you passed a bad check!
Banks are looking for places to squeeze as much revenue ("revenue enhancement") as possible.
are you asking if each party should get charged the nsf fee? maybe its not fair but thats the way it works
Yes. It is a penalty for not watching your account close enough. They have to pay people to attend to your over site and therefore are allowed to charge for their 'extra' work.
Yep. It's always been that way. It is entirely appropriate for you to charge this back to the drawer of the cheque. And add your own "fee" if you wish!
If you have any concern if a cheque will be paid, ask your bank if you can present it for collection insted of depositing it to your account. There might be a small fee for this, but it's usually much less than the NSF fee although you pay the fee whether it clears or does not.
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