 cash deposit fee at BOA (by Alex [FL]) Aug 17, 2017 9:14 AM
 cash deposit fee at BOA (by Laura [MD]) Aug 17, 2017 9:22 AM
cash deposit fee at BOA (by S i d [MO]) Aug 17, 2017 9:39 AM
cash deposit fee at BOA (by WMH [NC]) Aug 17, 2017 10:21 AM
cash deposit fee at BOA (by Ken [NY]) Aug 17, 2017 11:30 AM
cash deposit fee at BOA (by Alex [FL]) Aug 17, 2017 11:48 AM
cash deposit fee at BOA (by Nicole [PA]) Aug 17, 2017 7:24 PM
cash deposit fee at BOA (by Chris [CT]) Aug 18, 2017 5:52 AM
cash deposit fee at BOA (by TenantWhisperer [MA]) Aug 18, 2017 9:17 AM
cash deposit fee at BOA (by Pmh [TX]) Aug 18, 2017 1:32 PM
cash deposit fee at BOA (by Pmh [TX]) Aug 18, 2017 2:37 PM
cash deposit fee at BOA (by Alex [FL]) Posted on: Aug 17, 2017 9:14 AM
Message:
I have my tenants deposit the rent in my Bank of America account every month. Most months they deposit more than the limit on monthly free cash deposits that the bank allows, so I get charged a fee. The nice officer at my banking center waves it when I ask. Is there someone out there who figured out how to avoid such fees and, or hustle? --45.29.xxx.xx |
cash deposit fee at BOA (by Laura [MD]) Posted on: Aug 17, 2017 9:22 AM
Message:
My tenants make a monthly deposit into my BOA account, I have never been charged nor have they. I get 5 digit monthly cash deposits wth the rental payments.
I never heard of a Max monthly cash deposit limit. --108.28.xxx.xx |
cash deposit fee at BOA (by S i d [MO]) Posted on: Aug 17, 2017 9:39 AM
Message:
Does the limit apply just to cash or any form of payment? If just cash (i.e. greenbacks), have your tenants pay using money orders, money grams, debit card, etc.
How much is this charge? $20/month is worth it, in my view. $50...getting a little steep. Mountain, mole hill?
If all else fails, try a local bank. They are often the most customer friendly choice. Mine doesn't charge me anything for serving as my payment processing center. --173.19.xx.xxx |
cash deposit fee at BOA (by WMH [NC]) Posted on: Aug 17, 2017 10:21 AM
Message:
Wells Fargo charges my business account for ANY cash deposit, it's a percentage of some sort because some months it's $4 and some it's $15 or whatever. Most of my tenants do not use cash anymore so that's good. --173.22.xx.xx |
cash deposit fee at BOA (by Ken [NY]) Posted on: Aug 17, 2017 11:30 AM
Message:
That is ridiculous,no way would I pay a bank for too much being deposited in the account.Open a second account at the bank and have half of the tenants start depositing in the new account --24.25.xxx.xxx |
cash deposit fee at BOA (by Alex [FL]) Posted on: Aug 17, 2017 11:48 AM
Message:
It is different every month. If i recall correctly it's 1% fee for anything over 10k of cash deposited.
Opening another account is a great idea. Thanks Ken{NY} --45.29.xxx.xx |
cash deposit fee at BOA (by Nicole [PA]) Posted on: Aug 17, 2017 7:24 PM
Message:
I only deal with regional/local banks/credit unions. I would not ever deal with one of these mega banks. When I read about situations like this, it reaffirms my decision. --72.95.xx.x |
cash deposit fee at BOA (by Chris [CT]) Posted on: Aug 18, 2017 5:52 AM
Message:
This is why I don't deal with BOA, they are crooks. --24.45.xxx.xx |
cash deposit fee at BOA (by TenantWhisperer [MA]) Posted on: Aug 18, 2017 9:17 AM
Message:
BOA must be the very worst bank you could deal with. Change banks, I did.
--66.30.xx.xxx |
cash deposit fee at BOA (by Pmh [TX]) Posted on: Aug 18, 2017 1:32 PM
Message:
some confusion. bank & cu fees are based on volume of transactions and also $ average balances. each bank has its own fee tiers. They are NOT charging a % over $10k deposits. They are also NOT charging for cash deposits. We have accounts with tens of millions and no fees. we have accounts with hundreds k $ and little activity and small fees. We have accounts with hundreds k $ and a lot of activity and higher fees. I do agree BOA is the absolute worst. We have accounts with WFB, Chase, Union, First Republic & Bof the West. Best bank is Wells. --104.218.xxx.xx |
cash deposit fee at BOA (by Pmh [TX]) Posted on: Aug 18, 2017 2:37 PM
Message:
I should clarify. NOT my personal accounts (I wish) but those owned by private investor I work for. For my (much smaller) accounts I have at local bank, local cu and with wfb. --104.218.xxx.xx |
Reply:
|
|