What is the fee for issuing a cashiers check to a non-customer?

Study for the Bank Teller Assessment Exam. Explore flashcards and multiple choice questions featuring hints and explanations. Prepare for success and enhance your career!

The fee for issuing a cashier's check to a non-customer typically reflects the bank's policy on services provided to individuals who do not have an account with them. In this case, the fee of 10 is consistent with common practices among many banks, which often charge a higher fee for non-customers to cover the administrative costs and risks associated with providing services to individuals without established relationships.

For customers, banks may offer reduced fees or waivers based on their account standing, but non-customers don’t have those benefits and thus are charged a standard fee that can be slightly higher. This ensures that the bank can manage operational costs while also maintaining an incentive for individuals to open accounts with the institution.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy