mikekn: (Fnord)
mikekn ([personal profile] mikekn) wrote2004-08-06 10:54 pm
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Banking Weirdness

I do almost all of my banking electronically and I never visit a bank teller.  So when I want to get cash I hit an ATM, usual one which does not charge a fee (most do but a few don't).  When I need to deposit a check, I go wherever is convenient and deposit through the ATM. 

The other day I was had a check to deposit so I visited one of the banks I use, but their ATM was being serviced.  So I drove to the next bank I could think of, which turned out to be a Commerce Bank not too far away.  I was very surprised to discover that they charged the same fee for deposits that they do for withdraws ($1.50).  Since I was in a hurry I said ok to the fee and went on my way.  Much to my surprise, when I checked my account Commerce Bank had not taken a $1.50 out of my deposit, and had in fact added an extra $1.50 to my total.  So instead of getting $119.24 (my actual deposit) or $117.74 (deposit minus $1.50) I got $120.74.

I'm thinking of trying an experiment and depositing $5 cash to see if I get the extra $1.50 or not.  If I do, then I've got this big stack of $2 bills which I could deposit one at a time - hell of a return at that rate :)

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