question about checks

[makethings]

If I pay my bill balance with a check with a substantial amount. Could the creditor certify it themselves but a resulting charge will appear on my chequing account?

I am curious about some pre authorized debit charges that appeared on my account on the same day several checks were cashed. I suspect they certified and I got charged. The transactions do not list where the charges come from, merely "PREAUTHORIZED DEBIT REGISTRATIONFEE CANADIAN SECURITIES" and when I call up the bank's customer service , the guy didn't know and he had the same words as on my computer screen and nothing more. He told me to go to my bank branch to find out more details

are my suspicions right?

[gman]

If I pay my bill balance with a check with a substantial amount. Could the creditor certify it themselves but a resulting charge will appear on my chequing account?

I am curious about some pre authorized debit charges that appeared on my account on the same day several checks were cashed. I suspect they certified and I got charged. The transactions do not list where the charges come from, merely "PREAUTHORIZED DEBIT REGISTRATIONFEE CANADIAN SECURITIES" and when I call up the bank's customer service , the guy didn't know and he had the same words as on my computer screen and nothing more. He told me to go to my bank branch to find out more details

are my suspicions right?

1. They can't certify it.
2. There is no point for them to certify it. Why would they want to certify one? It is either they can cash the cheque or cannot. How much was the charge anyway?

[Hellfire]

Wrong, they CAN certify it. However, they should be paying the charge not the OP.

And there is a point in certifying it. If the cheque was for a large amount would you really want to carry that much cash? As well, the charge for cashing cheques might be higher than certifying it.

By certifying the cheque the bearer knows it guaranteed funds. In certifying the cheque the bank will debit the persons account and transfer the funds to another account the bank owns.

[Jacklad]

Even if they certified the cheques, why would it list as "registration fees" for "Canadian Securities"?

It sounds more like title search fees - http://www.csrs.ca/index.htm.

[iliveinmycantina]

it sounds like they put it through as a pre-auth instead of clearing the cheque.

[makethings]

I made a mistake, I did not end up pasting the entire transaction detail properly. It says "PREAUTHORIZED DEBIT REGISTRATIONFEE CANADIAN SECURITIES REG SYS ON"

So it looks like the Canadian Securities Registration System in Ontario? I have never heard of them before today... So I definitely never authorized any payment to them. But since the charges were on the same day as the checks being cashed/taken out of my account, I am wondering if there is a connection between the two. I will still be going to the bank on Monday to find out. It's just the wait makes me anxious.

What are title search fees?

The only thing I have been doing is making large check payments >$3K to pay off some balances. Then 1 week prior to that, I got a LOC and got 2 GIC's to serve as collateral. I would certainly hope I wasn't being charged for those.

EDIT: the Reg Fees were 2 of them totaling over $70

[Jacklad]

What are title search fees?

The only thing I have been doing is making large check payments >$3K to pay off some balances. Then 1 week prior to that, I got a LOC and got 2 GIC's to serve as collateral. I would certainly hope I wasn't being charged for those.

EDIT: the Reg Fees were 2 of them totaling over $70

A title search checks to see whether a property (real or chattel) has a registered owner and/or a lienholder. Were any of your large payments used to pay off a car or property loan? If so, those could be fees to register the items in your name and release the lienholders.

But what I'm thinking is that the fees are actually to register the bank as lienholders on your GICs.

[makethings]

The payments were for retail credit card balances...

If it were the GIC thing, could I contest it? I thought there are no fees associated with getting a GIC. I would assum the cost of having a GIC is included in the rate they give me.

[Jacklad]

The payments were for retail credit card balances...

If it were the GIC thing, could I contest it? I thought there are no fees associated with getting a GIC. I would assum the cost of having a GIC is included in the rate they give me.

The cost would not be for getting the GICs, but for registering liens against them so they could be used as security (collateral) for the LOC. If that's what it is, and if they didn't mention these fees to you, I'd contest it just on principle.