If you’ve ever issued a check only to find that you either don’t have enough money in your account, or the person you’re trying to pay is not so trustworthy, stopping payment is a good method to prevent the payments from going through.

Shinya Suzuki / Flickr | http://www.flickr.com/photos/shinyasuzuki/6182773057/

Shinya Suzuki / Flickr source

If the check has not been processed, there are several ways to put in a stop payment. Some banks charge differently depending on the method you use to stop payment. You can either go directly to a bank teller, or you can speak to someone over the phone if you want the reassurance of an actual representative. For banks that have tiered fees, it might be cheaper to put in a request for a stop payment on your bank’s website, or through an automated phone system. Make sure to check your bank’s fee schedule to see whether there are differentiations in fees.

The stop payment fee is one of the more expensive fees that banks charge. Find below the stop payment bank fees for the ten largest banks across America.

BankFee
Bank of America$30
Chase$30 if done by phone or bank teller, $25 on website or automated phone system
Wells Fargo$31
Citibank$30
U.S. Bank$35
Capital One$35
SunTrust$36
TD Bank$30
PNC Bank$33
BB&T$30

These fees are for the state of New York, and most banks have consistent fees across the country, but always make sure by checking with your bank. Fees are usually found under the Checking Account sections on a bank’s site.

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  • abacab

    According to the New york Times, Bank of America’s Stop payment only last for six months, at which point you have to pay again, presumably until death.