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Paying in foriegn currency cheque - cheapest bank please?
emujuice
Posts: 930 Forumite
Hi,
does anyone know which bank is cheapest for paying in a cheque in a foreign currency? I have one in Singapore dollars that's worth about £200 - but don't want to be stuck with high fees - I have accounts with most banks. Any suggestions welcome!
Thanks
does anyone know which bank is cheapest for paying in a cheque in a foreign currency? I have one in Singapore dollars that's worth about £200 - but don't want to be stuck with high fees - I have accounts with most banks. Any suggestions welcome!
Thanks
0
Comments
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Most will charge around £10 for a negotiation.
If they say they will collect the funds then expect the charge to be much higher and you could be waiting up to 6 weeks for the money.
I would use the bank you consider to be your main account where your credit rating is good.0
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