Fee for a mistake in the cheque

Dear Mr. Tan
I agree with your views about the outdated manner of writing cheques. I made a small correction to the amount in figures on my cheque but forget to initial the correction. The bank returned the cheque to me and charge a fee of $25. I called the bank and made a complaint. They finally agreed to waive this fee. Why should the fee be so high, just to return the cheque?


REPLY
The bank imposed a high fee for many types of small mistakes. This helps them to make billion of dollars of profit. It is outrageous for the fee to be so high. MAS should step in and put a stop to these excessive overcharging.

Some time ago, my bank sent me a letter that the fee for a late payment of a credit card is $50. I cancelled the card immediately. Consumers should not accept this type of unconscionable charges.