USD Cheque back to the UK

rvg400

I am attempting to pay the cheque into a joint personal account.

rvg400

Have received more information this morning. I did endorse the cheque correctly and FD processed as they usually do. The cheque was returned stating it was submitted under URC 522 rule, please resubmit following New York State collection guidelines.

FD are going to talk to HSBC New York for update and next steps!!!

rvg400

You will have seen my previous post about the saga with my cheque from the USA and getting it paid into a UK bank account.

Having called First Direct every day I a being told it is being returned unpaid due to regulations. Probing deeper I get told:

"unable to process under URC522 provisions, kindly resubmit on collection process following New York state laws".

But they are not willing to do anything else.

Has anyone ever heard of this before? How did you get round it?

I will call the issuer of the check tomorrow to see if there is anything they know or can do to help.

The check itself is being drawn on Deutsche Bank Trust Company Delaware iif that has any baring!!!

Any help/advice will be greatly appreciated.

eskbanker

To be honest you'd probably have been better continuing with your existing thread rather than starting a new one where you'll probably get asked repeat questions about the backstory that you'll already have answered over on https://forums.moneysavingexpert.com/discussion/5698887

rvg400

Thanks for the comments, you are probably correct. I don't mind answering the same questions again as I need to get some resolution on this issue.

xylophone

In your other thread you said

FD are going to talk to HSBC New York for update and next steps!!!

presumably to establish what is required under "New York State rules".

Have FD done this?

What has happened to the cheque?

In answer to your previous post I suggested that you should contact the drawer of the cheque - presumably an official on behalf of Fidelity - have you done this?

alanq

eskbanker wrote: »

To be honest you'd probably have been better continuing with your existing thread rather than starting a new one where you'll probably get asked repeat questions about the backstory that you'll already have answered over on https://forums.moneysavingexpert.com/discussion/5698887

Threads merged.

rvg400

FD keep saying that the cheque has been returned and want to send the cheque back to me. I have asked them to keep hold of it and will be calling Fidelity tomorrow to understand if there are any issues that have meant the cheque cannot be paid.

Interestingly I spoke to a neighbor who looked through the URC522 rules and he reckons that these relate to business/trade cheques and this may be the reason i.e. HSBC in New York didn't treat it as a personal cheque.

I have asked FD to call me again Friday when I will have more information

jonesMUFCforever

rvg400 wrote: »

FD keep saying that the cheque has been returned and want to send the cheque back to me. I have asked them to keep hold of it and will be calling Fidelity tomorrow to understand if there are any issues that have meant the cheque cannot be paid.

Interestingly I spoke to a neighbor who looked through the URC522 rules and he reckons that these relate to business/trade cheques and this may be the reason i.e. HSBC in New York didn't treat it as a personal cheque.

I have asked FD to call me again Friday when I will have more information

This is why I asked in a previous post if it was paid into a personal or business account.
It could be that FD tried to negotiate the cheque rather than collect.
This means that you will have to wait approximately 6 weeks for the US bank to pay.
If you have correspondence from the sender to corroborate your case this might be acceptable to them if FD can send it to the US bank.
Good luck!

xylophone

It could be that FD tried to negotiate the cheque rather than collect.

The OP paid a US dollar cheque drawn on Fidelity's (clearly business) account into his sterling personal joint current account with FD.

According to FD's published T&C's (post 5), they do not negotiate a foreign currency cheque in these circumstances.

Of course it's not impossible that an error occurred.

I am assuming that even in New York State, there are occasions when Fidelity needs to draw a cheque ( a business cheque) in a personal customer's favour and that the customer has no difficulty in crediting the cheque to his personal account.


FD undertook to check the nature of New York State's rules through the good offices of HSBC New York - they don't appear to have done so.

And the OP should contact Fidelity to see what light they can throw on the matter.