If someone made a cheque payable to me , but it was a U.S cheque (check)....could I pay it into my bank....doesn't matter if there is a charge..just wanna know if it's possible?
2007-03-21 06:48:42 · 9 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
yea the bank charges are ridiculous i received a cheque from Canada and it worked out at £10 ($20 dollars) and the bank took £6 so i only received £4
2007-03-21 07:00:21 · answer #1 · answered by floss♥ 4 · 0⤊ 0⤋
The last time I received a cheque from overseas the bank wanted £5.00 for their fees that was the year before last, God knows what they charge now.
2007-03-21 13:54:31 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Yes it is possible.....there will be a charge and it may take longer to clear than a cheque drawn in sterling
2007-03-21 13:54:38 · answer #3 · answered by blazing_staruk 3 · 1⤊ 0⤋
yes it is possible, and in point of fact, is done everyday.
you need to make sure that you check currency exchange rates if you are doing a great deal of business with overseas clientele to insure that you are not shortchanged on the purchase, the freight and handling charges for whatever is done.
generally, there is a minimal charge to your account for exchanging the currency from U.S. to Euro.
hope that helped.
2007-03-21 14:00:36 · answer #4 · answered by stonechic 6 · 0⤊ 0⤋
It is possible, you will just have to put up with the bank's exchange rate and a delay.
2007-03-21 13:57:55 · answer #5 · answered by Anonymous · 0⤊ 0⤋
as far as i know - all banks will accept any check for a deposit into your account - but the clearing time varies
2007-03-21 13:58:29 · answer #6 · answered by DoYouKnowMe 2 · 0⤊ 0⤋
There should be no problems paying in any check. (sorry, cheque!)
2007-03-21 13:52:27 · answer #7 · answered by R.E.M.E. 5 · 0⤊ 1⤋
yes it is make sure you take it to a desk first not a window
they will convert it into UK funds there will be a hold on it for a bit to make sure it clears
2007-03-21 13:56:40 · answer #8 · answered by elite_women_rule_the_rock 6 · 0⤊ 0⤋
yes it is
2007-03-21 13:51:22 · answer #9 · answered by Barry Von Leotard III 3 · 0⤊ 0⤋