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Fee for Making Cash Deposits? What is This?

Wachovia bank recently charged me for making cash deposits to an account. Is it the norm, to be charged for cash deposits? Two of those deposits were for $5000, the other for $7000.



Banks are generally free to establish their own schedule of charges. Your bank should have provided you with a schedule of its fees. You can always ask for a current schedule. Charging for cash deposits is not something unknown. It's a fee that is normally reserved for business accounts with heavier cash deposit requirements.

Published on BankingQuestions.com 8/13/09