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Cashing cheques made out in Euro's
philco_3
Posts: 1 Newbie
We've recieved three cheques made out in Euro's for wedding presents.Seems most high street banks and building societies charge about six pounds a cheque to get the money changed to sterling and into our account. Just wandering if there is a better way of sorting it.
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Comments
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No alternative, unless you've got a Euro account.British Ex-pat in British Columbia!0
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We've recieved three cheques made out in Euro's for wedding presents.Seems most high street banks and building societies charge about six pounds a cheque to get the money changed to sterling and into our account. Just wandering if there is a better way of sorting it.
£6 a cheque is cheap - £20 is common.
http://auctionchex.com/exchangeep-s.html may be of help - haven't checked he details recently but there used to be next to no fee but a bit of a hit on the exchange rate0 -
Daughter had refund cheque from well know budget airline, Cheque made out in euro`s ... 1,000 euro`s to be precise ...
The only place she could find to cash it was at "David Dickinson" recommended "The Money Shop" ... Internet exchange rates were showing at 1 Euro = 0-83p
So in my calculations she should have got around £830-00 pounds. (less fees of course)
In the morning at "The Money Shop" she was quoted £729-76 going by there exchange rates ... Then they said there were fees to deduct so she would be offered her £667-46 ... ... Not happy, she went home ... after investigating alternatives on the internet (no others found) She went back to said shop 2 hours later and whilst getting it processed they deducted a further £24-66 !!!!! ... This is not fair practice, More like legalised extortion!! ... Better than the major banks though as they could not give exchange rate but said leave it ... it takes 4 to 6 weeks and we will calculate exchange rate at the actual time we process it ... "She Didn`t Fancy Playing Russian Roulette!!" ... So went with the legalized extortion of the money shop instead!! ...0 -
This thread was started 4 years ago!0
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