How can I cash an Indian cheque in the US?

Question

Hi, a company in India paid me with an Indian cheque in Rupees and I need to cash it in the US, is there some way I can do this?, banks tell me that you cannot cash Indian cheques outside of India, is this true, or is there some way I can pay something with it (pay off a credit card, buy travellers cheques in the US, etc)

Thanks

14

Hi guys, sorry, I think I didn't explain myself well enough, I do have a bank account in the US, and I've tried to cash the cheque, but the bank returned it saying that banks outside of India can't cash Indian cheques, that's why I'm asking whether someone knows a way I can cash it from the US

Answer 1

Banks mostly only cash checks for people that have an account with them. You could try a Federal Reserve Bank or if you have a friend that has an account somewhere see if they will deposit your check into their account. The bank will most likely put a hold on their account for the amount of the check until your check clears in India.

Try the State Bank of India, United States Operations
http://www.statebank.com/

Answer 2

It depends on the Bank as well as the Federal Law. For instance The government will not allow transactions if the money or bank is in a specific country, such as Iran/North Korea, etc. But in order for you to cash that check you will need a US bank account. And no you can not start one with that check. Once you have an established bank account you can go in there and make a deposit. Now they will do a conversion for you and in that conversion is a fee. Meaning the exchange rate they give you will suck. Also it may take up to a month before the money ever goes into your account. The reason is foreign checks can return as NSF or Fraud at any time, where as a US Check only takes about 2-3 weeks at the longest to come back. So good luck.

Answer 3

Go to the largest bank you have Toa large bank, this might benothing unusual, buta small bank just might not want to be involved.

Answer 4

go a Bank of America and open an account.looks like they open accounts for just about any body with/without a socail securtiy card.

Answer 5

you can take it to most major banks - they will charge you a fee for it being from a different country

try the bigger international banks...

Answer 6

go 2 the bank!

Answer 7

take it to your bank for deposit and they will do the exchange for you. ya might have to wait awhile to draw on the funds.

Answer 8

ARE YOU SERIOUS??? You came to the US with no US DOLLARS?????????????????????????????????????????????????????????????????????????????????????