New fee for cashing a check at Global Bank

[Patrick]

While visiting Global Bank in David yesterday I happened to notice 

a new regulation. Any check from outside Panama will cost $10.70

to process. This will take effect in July. Not aware if anyone posted

this before.

[Pets Want Homes]

I got that notice by email from Global Bank.  That is a pretty steep rate for cashing a check, especially when they feel free to kite deposited checks for 15 or more days.

[Alan Nilsen]

Is this fee only for cashing a check or is it also for depositing one?

[Patrick]

To process - both.

[Tim Leckenby]

Banco General has just changed its fees for receiving an foreign US$ check from $10.70 to $21.40!