Cheque in Dollars

aj9648

I have been given a cheque in US dollars for $1000. I was wondering if I can easily deposit this into my normal Barclays bank account? If so how much do they charge for this?

Thanks

DawnW

Why not ring, or go in to a branch, and ask them? I have to get cheques made out in foriegn currencies sometimes (like the other way round to what you want to do), and the bank does charge for this service. It was about £30 for a cheque worth about £400 (approx figures, can't remember exact amounts) last time if that is any help at all. My bank (A&L) have a foriegn transactions department that deals with this kind of thing.

purplepixi

Why not use Auctionchex.com.

Great site for those who regularly have checks in dollars. This is the link to the about page: http://auctionchex.com/about-s.html

Bascially you pay 95p per batch of cheques, then endorse the back of the cheque (sign the box on the back, which is for US cheques), and send it to them.

They then send you back a cheque (or have it put directly into your account), less their charge for 95p and you cash it.

Very reliable and highly recommended!

I use it for ebay cheques from america, as well as other things like american affilate programs that I use on my site, it's much easier than loosing all your money through bank charges!

Laura

padders_2

Banks will cash foreign cheques and it is not normally very expensive. If auctionchex uses the exchange rates they publish here: http://auctionchex.com/excalc-s.html I would avoid; it will be a lot cheaper to go through your bank for a $1,000 cheque.

scottp_2

Your bank should know what to do with the cheque if you go in.

I work for RBS and all we do is send it off to our Foreign Clearing centre and they do the rest of the work. You can either have a negotiation, where they give you the money straight away but ask for it back if the cheque turns out to be fraudulent or is returned unpaid (this is subject to a credit check on you) or a collection, where they wait until the american bank sends us the money. The rates tend to be okay too and there is no charge to the beneficiary. I would have thought most banks have a similar procedure.

Hope that helps!

Scott

SeanW

With HSBC it used to cost around £8 for under £500, but shot up overnight to around £15 on small value cheques.