Best way to bank $ cheques in the UK

jorhayes

My bank, NatWest, charges a bomb if I want to pay in a dollar cheque to my sterling account - not to mention the interesting conversion rate they appear to use.

So, can anyone recommend a different way of accepting these payments from the US ?

The cheques tend to be small denomination (they're US royalty payments from Amazon, who won't issue a sterling cheque for UK book sales in the USA - don't you just love them !!!)

Thanks to anyone who can help

[Deleted User]

post office or cheque broker?

jonesMUFCforever

Can they not wire the money to your account?

barak

jorhayes wrote: »

My bank, NatWest, charges a bomb if I want to pay in a dollar cheque to my sterling account......The cheques tend to be small denomination.....

How about opening a US$ account to pay the dollar cheques into and only converting to sterling when you have accumulated a larger amount, which should cost less? There must be several possibilities and although I don't know the Terms & Conditions such as whether you need a minimum balance, perhaps something like -
http://www.citibank.co.uk/personal/banking/international/eurocurrent.htm

D1zzy

You can also pay dollar cheques into a citibank stirling account without charge.
see this resurected thread https://forums.moneysavingexpert.com/discussion/10656

dzug1

Auctionpix offer a cost effective way of accepting small value $US cheques

http://auctionpix.co.uk/

The exchange rate is not that good but the fee is peanuts - last time I looked (admittedly not recently) it was 95p per batch of cheques.

[Deleted User]

+1 for Citi.