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Receiving regular dollar cheques/checks

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Hello, everyone.

I have just come into the position of receiving a sum of money each quarter from the US - for between $200-$300. I'm in a quandry what to do with it.

Do I open an off-shore dollar account? Then I am still charged for depositing a cheque (£6-25) or for receiving an EFT (£7-15). And some banks charge an annual subscription.

Do I deposit it in my sterling account? Then I pay charges and (usually) lose on the exchange rate.

I don't think I can open an account in the US because I'm not resident there.

So..... Any suggestions would be welcome.

thank you
Xemxie
(Sunny)
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