We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Paying foregin cheques into current account
boxter_2
Posts: 8 Forumite
I'm an account holder with HBOS, and every month pay in a cheque issued by a US bank in US dollars.
I've been paying them in for 2 years now with no problems, but HBOS still tell me that cheques of over 1000 sterling will need to be sent for collection (6 weeks) as opposed to negotiation (5 days or so).
Some tellers at HBOS have allowed me to cash >1000 sterling by negotiation, and I feel it's down to the tellers discretion. Regardless, I'm not happy waiting 6 weeks for them to cash.
I've opened an RBS account and am going to enquire about paying them in there. Can anyone give me any advice or comments on getting these cheques cashed by negotiation as opposed to collection? Six weeks is too long to wait, and I'm really unhappy with HBOS.
I've been paying them in for 2 years now with no problems, but HBOS still tell me that cheques of over 1000 sterling will need to be sent for collection (6 weeks) as opposed to negotiation (5 days or so).
Some tellers at HBOS have allowed me to cash >1000 sterling by negotiation, and I feel it's down to the tellers discretion. Regardless, I'm not happy waiting 6 weeks for them to cash.
I've opened an RBS account and am going to enquire about paying them in there. Can anyone give me any advice or comments on getting these cheques cashed by negotiation as opposed to collection? Six weeks is too long to wait, and I'm really unhappy with HBOS.
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.3K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards