I am a Natwest customer. A friend in the USA owes me quite a lot of money after we were vacationing together and her cards and passport were stolen and I had to fund her for several days and buy a passport. We are trying to work out a way for her to pay the money without being charged a load for it. I know Western Union would be quick but they would charge her 10% fee and paypal would charge me to accept the payment. Any ideas appreciated.
2006-08-24 05:30:08 · 4 answers · asked by arnoldlayne_uk1980 2 in Travel ➔ United Kingdom ➔ Bristol
I have lived in England, when I wrote dollar cheques on my American bank account and paid it into my English Lloyds account. The fee for a thousand dollars converted into sterling at the bank's rates (NatWest gives the exchange rate on its board inside or outside the bank ) was about 8 pounds, which was the minimum fee, so that a cheque for, say, $20 would leave you with little. I would have a chat with the Foreign Exchange staff of your bank. If your friend wrote you a cheque on her American account it would cost her nothing. You will deposit it into your account, but it will take a week or two for the money to be available to you in pounds. Your bank will want you to set up the arrangement in advance. And these days they will be cautious about all foreign financial transactions, but if your friend has a standard bank account in America that should not be a problem. Good luck.
2006-08-24 05:54:36 · answer #1 · answered by tirumalai 4 · 0⤊ 0⤋
A cheque drawn on a US bank account can be deposited into an account at a bank or building society in Britain. There will be a service charge, but not as high as that of Western Union.
I used to deposit money via US-bank cheque into my wife's account at Kent Building Society every month when we lived in Chatham.
2006-08-24 12:39:14 · answer #2 · answered by sandislandtim 6 · 0⤊ 0⤋
Can she not just transfer the money from her bank account straight to yours,I think what ever way she pays you one of you will loose out with bank charges .I have a halifax account and I have put us cheques in and the bank just converts them on the exchange rate on the day.
2006-08-24 12:35:00 · answer #3 · answered by candyfloss 5 · 0⤊ 0⤋
It could take a few days have her send you a money order deposit it in your bank.
2006-08-24 12:59:44 · answer #4 · answered by moonwalker 3 · 0⤊ 0⤋