how do you cash in a USA dollar cheque?

jonesMUFCforever

central wrote:

mmmm, probably not the wisest thing you have ever posted:eek:

Why? Did I miss something out?

auslaender

celtic: I was the first one to respond to your post and genuinely wanted to help you but I am not sure if you got any concrete information or not.

Yes, I am a foreigner. Did I specifically mention UK banking system anywhere in my posts? And I am the only one who is complaining about the banking system. Right ?

If anybody goes through this forum, he/she will know the satisfaction levels of citizens / residents with the banking system. The facts are right there. Did I initiate all these posts ?

And apologies for what ? For calling the game as it is ?

Biggles

I'm sure there are exceptions, but I have to agree, from experience, that counter staff at most High Street banks don't have a clue about foreign exchange and the only way you will get an answer that will be any help is to ring up the head office/call centre.

And, as regards for 'if he/she is not happy with our banking system', maybe this has escaped your notice but most inhabitants of the UK are unhappy with our banking system! LOL

Tiger00

Use http://auctionchex.com/ to deposit US dollar cheques.

I've used it many times until I opened a CitiBank US dollar current account.

Basically you endorse the cheque in your name on the back and send it to Auctionchex by mail and you get a cheque in Sterling back by mail.

jonesMUFCforever

auslaender wrote:

celtic: I was the first one to respond to your post and genuinely wanted to help you but I am not sure if you got any concrete information or not.

Yes, I am a foreigner. Did I specifically mention UK banking system anywhere in my posts? And I am the only one who is complaining about the banking system. Right ?

If anybody goes through this forum, he/she will know the satisfaction levels of citizens / residents with the banking system. The facts are right there. Did I initiate all these posts ?

And apologies for what ? For calling the game as it is ?

Apologise to the people who give good advice on here for a start.
Secondly your first post on this thread mentions Barclays bank. Perhaps you do not know that they are a British bank.
Perhaps you could enlighten us how good the banking system is in your country!

auslaender

You gotta be kidding now!! I have to join Biggles...lol

competitionscafe

In 2000 I was running a business where most of the revenue was in $ US dollars (commission payments) - the misinformation provided by my bank (saying that dollar cheques would clear on a certian date) meant that the business came very, very close to going bankrupt. I had several different dollar cheques waiting to clear and was told that they would definately clear by a certain date - the person assigned to my account admitted that the information they provided was totally incorrect and the actual time for clearance was unknown (and turned out to be twice as long as the period given). This resulted in complaints to the head office of the bank and to my MP who said the banks actions /information was so misleading that although it was not normally something a member of parliament would get involved with he would make an exception in this instance. Despite having $40,000 in US $ cheques waiting to clear (from 10 different companies) the best that the bank could offer was an overdraft of £100 (against £30,000 worth of cheques!). The person involved (at the bank) was "moved to a new position" shortly afterwards but my point is that, yes sorry but some people at the banks are clueless.

garry_s

Went to RBS (£9 BILLION PROFIT) to get advice about Cuba currency. Their teller told me that I needed Euros because Cuba was part of the Canary Isles! When I argued that Cuba was on the other side of the Atlantic she just smiled and asked(in that patronising way) if there was anything else? Got my currency at Havana airport because the British banks didn't have a clue, So yes their tellers (not all) are useless

garry_s

Went to RBS (£9 BILLION PROFIT) to get advice about Cuba currency. Their teller told me that I needed Euros because Cuba was part of the Canary Isles! When I argued that Cuba was on the other side of the Atlantic she just smiled and asked(in that patronising way) if there was anything else? Got my currency at Havana airport because the British banks didn't have a clue, So yes their tellers (not all) are useless

jonesMUFCforever

Funnily enough I have just experimented and gone into my bank's travel order website (Not RBS) and it too suggests Euro as an alternative currency!
I know you can't buy or sell Cuban currency in the UK and it has always been the case that they will not cash AM EX dollar travellers cheques.

So I think another apology is due here because if you Google it states and I quote;

''All payments in the establishments operating in foreing exchange in Cuba must be made with convertible pesos.

Convertible pesos will remain at par with the US dollar at an exchange rate of one for one.

You may exchange EUROS, Canadian dollars pounds sterling or Swiss francs for convertible pesos. The exchange rates for those currencies are set in accord with the exchange rates on the international market.

You may also exchange US dollars for convertible pesos, but a service charge of 10 percent will be leived, to protect Cuba's economic interests.

You may exchange convertible pesos for US dollars at par (at the exchange rate of one to one) or for other convertible currencies in any of the money-exchange offices in Cuba.

EUROS will still be used in the following tourist resorts: Varadero, the Jardines del Rey Archipelago, Holguin, Santa Lucia Beach in Camaguey, Covarrubias Beach in Las Tunas, and Cayo Largo del Sur.''