Handling an Australian Dollar Cheque

fcandmp

I need help processing a cheque made out in Australian dollars, which I expect to be around $20,000. What is the smartest way to do this to pay the lowest processing charge and get the best exchange rate?

Many thanks

grumbler

The smartest way is to forget about a cheque and use a bank transfer instead.
Even better way is to use a currency broker:
https://www.fxcompared.com/money-transfer/Australia-UK?amount=20000&aDir=0&bType=1&ref=filter
http://www.mycurrencytransfer.com/money-transfer-to-UK/20000-AUD



Foreign cheques in UK are PITA.

fcandmp

Grumbler thks, unfortunately the payee (a provincial solici has no facility to offer anything but a cheque. So still need to find the quickest, cheapest option.

grumbler

'Quickest' - maybe, but don't expect this to be really 'quick' (e.g. 4-7 weeks for Barclays).
It terms of the cost, all banks are likely to be about the same, i.e. very expensive.

It's hard to believe that in the 21st century even a 'provincial' solicitor in Australia is incapable of making an international transfer .

agrinnall

grumbler wrote: »

It's hard to believe that in the 21st century even a 'provincial' solicitor in Australia is incapable of making an international transfer .

Agreed, sounds like Aussie Dingo-doo to me.

Gers

agrinnall wrote: »

Agreed, sounds like Aussie Dingo-doo to me.

My Aussie SIL can send me money by bank transfer, though it's usually me sending her money for the children, and that works too.