At many banks once you stop payment on a specific check, it’s dead forever. Bank of America has a different policy, though, the New York Times reports. Once you stop payment on a check, that’s just the beginning of a lifetime ordeal. You’ll have to renew your stoppage every six months, otherwise the check is fair game to be cashed or deposited once again.
Worse, every time you renew the validation you’ll have to pay another $30.
BofA customers, are any of you paying $60 a year to stop a rogue check from sapping your bank account?
Stop Payment. Now Stop It Again. [The New York Times via Yahoo Finance](Thanks, Chiko!)