Re: Bank One "Check Image Fee"

>> > My memory is pretty bad, but then I do have the carbon copies. The
>> > image is needed to prove the check was cashed.
>>
>> Why not just print the checks that where proof is actually requested? In

That's fine if you can print the check shortly after it clears when
you know that it will be requested in 6 1/2 years by the IRS, or
some court demanding proof of child support, or whatever.

I am reminded here of the bank that refused to let me PAY OFF A LOAN
because they had no record of such a loan, along with some sob story
about records being strewn all over Loop 610 due to a truck accident
where the FDIC was transferring records to the bank that had taken
over the one I got the loan from (which failed). I should probably
have let the matter drop, but I'm sure it would have come up again
with lots of penalties.

You cannot depend on banks to keep the records you need and make
them available to you at a less-than-outrageous price (or even at
*ANY* price) when you need them. How many evacuees can get copies
of cancelled checks from last year from a New Orleans bank? Even
if they are willing to wait 2 years to get the copies, how many are
just out of luck?

>> the 20 or so years that I have had a checking account, I have only had
>> to provide such proof, maybe two or three times. I doubt I am atypical
>> in that regard.

If you know WHICH checks you will need proof for years in advance,
you're doing much better than us mortals. Having copies of a few
thousand checks that are never needed is better than NOT having a
copy of the one check you needed but couldn't get.

Contrary to legal wisdom around here, you probably need to keep
cancelled checks at least 7 years beyond the lifetime of *ANYONE*
alive when the check was written and/or cleared, even if that's
not what the law says. I've had to scrounge up records for income
tax from decades before I was born.

>Once, for me. The IRS claimed I hadn't made a quarterly tax payment.

Gordon L. Burditt
.

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