Payment News and Industry Social Networking - 2008 - Fee for returned checks

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TOPIC: Fee for returned checks

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Fee for returned checks 2 Years, 6 Months ago	Karma: 0
In most instances, the fee for return checks does not cover the cost incurred by the bank on such checks. Why do, then, banks charge a "returned check" fee lower than its costs, especially when the apparent rationale is "higher the fee, higher is the deterrent"?

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