I had to Tell My Banks To Stop Sending Those Balance Transfer Checks

OneEyedDiva

OneEyedDiva

SF VIP
Location
New Jersey
At first I called Wells Fargo. I told the representative that I was recording her. She said "No you can't do that!" I said "Why not? The bank records me when I call". I stated my purpose for calling with the voice recorder still going. When she was ready to proceed, I complied, letting her know that I now have a record of calling to request the discontinuation, then let her know I had stopped the recording.

WF sends those checks out quite frequently and as I've mentioned before, our mail sometimes winds up in the wrong boxes. For all I know, somebody across town may get those checks. I've gotten mail for people who lived in completely different zip codes...even a different town! I let the representative know this. She transferred me to someone in the appropriate department to complete the request.

When I called TD bank, the agent had no problem with me recording the conversation. Both TD and WF sends out a block of about 4 checks. I deal with three other financial institutions and never get those checks from them. Maybe I already requested that they stop, but I don't remember doing so. The added PITA is that I have to take time to shred them. Do you get those checks?
 
I've never received such a thing, never even heard of them.

Are they what they sound like? Balance transfer checks used to transfer money from one account to another? I can't imagine many would use such a thing in this day of online banking.
 
I think @OneEyedDiva is referring to a credit card bank? I used to get those with the CC statement every month. I believe it was to be used to pay off another credit card, thereby transferring that debit balance to the one which issued the check. I called them and asked them to stop sending them. Haven't received any since then. Was it because I asked them not to? Or was there some other reason?

With the high cc debt now, it seems a risky thing for the bank to do. No credit check in advance? Because that is a loan. IDK. But I am glad they stopped sending them.
 
Nathan said:
Years ago some financial company would send a bunch of blank checks, with the chronic mis delivery of our mail, that was a big concern. Finally got them to stop that unscrupulous practice.
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I used to be able to have my new, blank checks sent to the bank branch and I'd go in and get them because we have a lot of mail theft around here. But they won't do that anymore, said if I'm that worried about blank checks being stolen out of my mailbox that I should get a post office box. The waiting list for a p.o. box, however, is a mile long. And the nearest place with boxes is a considerable drive away anyway. So I have the checks delivered to my mailbox and worry 'till they get here. Thank goodness I don't use that many checks anymore anyway; it's mostly cards.
 
C50 said:
I've never received such a thing, never even heard of them.

Are they what they sound like? Balance transfer checks used to transfer money from one account to another? I can't imagine many would use such a thing in this day of online banking.
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Same here- never heard of them..

All I receive- upon request- are small packs of regular checks. Anymore, all I use checks for is to pay my rent.
 
I haven't heard of them So I don't get them. With the way our finances are set up would not need to transfer money.
I do have checks only because property tax once a year charges a 8% fee to process credit card payment.
 
I get them about twice a year from Discover. I just got online with their chat and they should stop sending them now. Never really thought about them getting lost in the mail, but I do know how the USPS works. I have no balances to transfer anyway so they should stop sending the checks.
 
OneEyedDiva said:
The added PITA is that I have to take time to shred them. Do you get those checks?
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Yes, I get blank cash access checks (maybe called direct deposit cash advance now?) from my Bank of America Mastercard account. I loathe getting them, with all the security the credit card usually requires it is insane they send an easy way for a thief to get cash from your credit card.

This thread is motivating me to try to opt out, there is no method to opt out on their website so I'm waiting on hold (for a long time already, sighhhh) to talk to a customer support person.
 
I believe what Diva is referring to is the blank checks that you can fill out to transfer a balance from one credit card to another. I must get them from my credit card company every month and I make sure to cut them up. But if they go to someone else, that's a different ballgame altogether.

They're ridiculous. If I wanted to transfer a balance to another credit card I could easily do it online, but I think the credit card companies think their customers view a blank check as "money".
 
seadoug said:
I believe what Diva is referring to is the blank checks that you can fill out to transfer a balance from one credit card to another. I must get them from my credit card company every month and I make sure to cut them up. But if they go to someone else, that's a different ballgame altogether.

They're ridiculous. If I wanted to transfer a balance to another credit card I could easily do it online, but I think the credit card companies think their customers view a blank check as "money".
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Oh thank you. I never receive those. They make email offers but I never use them.
 
It’s been years since I got those similar blank cheques. They would be a gold mine for a thief, even if there’s nothing to actually borrow on. Maybe they were outlawed.
 
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