Thursday, February 22, 2018

It’s to prevent fraud*

Bank stops some services to non-customers...

RBC Royal Bank’s managing director Darryl White says the bank’s decision to discontinue some of its services to non-customers was done to protect the bank from fraud.
In a full-page newspaper advertisement yesterday, RBC announced that effective February 20 it will no longer cash cheques, accept bill payments and deposits or buy and sell foreign exchange to non-customers.
It advised customers to visit their primary bank for these services.
RBC stated, however, that it will continue to cash Government and pension cheques for non-clients.
Interviewed by the Express during yesterday’s Energy Conference at the Hyatt Regency, White said:
“Bear in mind that there’s a lot of cheque fraud that has been taking place recently and then when you cash the cheque from a non-client you don’t know the person in front of you. 

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