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Can a financial institution charge a non-account holder a fee to cash a check that is drawn on another financial institution?

April 26, 2017cash charge drawn fee financial institution non-account

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Can a financial institution charge a non-account holder a fee to cash a check that is drawn on another financial institution?

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• A. Fees are charged according to language in the deposit agreement between the financial institution and the account holder that is normally provided when the account is opened. Ohio does not have a statute prohibiting a financial institution from charging this fee. The Uniform Commercial Code allows an agreement between the account holder and the financial institution in which it can charge the fees deemed necessary to administer the account.