Comments on: Blasted Insurance! http://www.theamateurfinancier.com/blog/blasted-insurance/ Thoughts on Money, Investing and Life Sat, 13 Mar 2010 18:23:12 -0800 http://wordpress.org/?v=2.8.6 hourly 1 By: Roger http://www.theamateurfinancier.com/blog/blasted-insurance/#comment-126 Roger Thu, 30 Apr 2009 14:42:57 +0000 http://www.theamateurfinancier.com/blog/?p=406#comment-126 Weakonomist, Sounds like you and your fiancée have quite a few stories to tell. Unfortunately, my bank would charge me for a stop-payment order, so from the perspective of saving money on fees, it's essentially a wash. The most infuriating thing is that a large deposit was credited to my account today, so had the check been cashed one day later, I wouldn't have been hit with any fees, at all. Again, with any luck, things will be sorted out soon; I'll just need to be more careful in the future. Weakonomist,

Sounds like you and your fiancée have quite a few stories to tell. Unfortunately, my bank would charge me for a stop-payment order, so from the perspective of saving money on fees, it’s essentially a wash.

The most infuriating thing is that a large deposit was credited to my account today, so had the check been cashed one day later, I wouldn’t have been hit with any fees, at all. Again, with any luck, things will be sorted out soon; I’ll just need to be more careful in the future.

]]> By: The Weakonomist http://www.theamateurfinancier.com/blog/blasted-insurance/#comment-125 The Weakonomist Thu, 30 Apr 2009 12:31:34 +0000 http://www.theamateurfinancier.com/blog/?p=406#comment-125 I've had similar bad experiences, so has my fiancée with banks. My employer overpaid a bonus by $100 (though it was the amount I was told) and debuted my account through direct deposit. My Chase credit card payment bounced as of a result and I was hit with a $40 bad payment fee and $35 in NSF fees from my own bank (also my employer). My fiancée had her credit card company lose her payment after it was cashed but before credited to her account. The only hole I see in your story was in issuing a stop-payment. This shiuld have voided the original check. I’ve had similar bad experiences, so has my fiancée with banks. My employer overpaid a bonus by $100 (though it was the amount I was told) and debuted my account through direct deposit. My Chase credit card payment bounced as of a result and I was hit with a $40 bad payment fee and $35 in NSF fees from my own bank (also my employer). My fiancée had her credit card company lose her payment after it was cashed but before credited to her account.

The only hole I see in your story was in issuing a stop-payment. This shiuld have voided the original check.

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