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Paying in a foreign cheque
PlayingHardball
Posts: 761 Forumite
Can anyone help me, I have a cheque in Canadian dollars to pay into my UK bank...I line in UK. I'm trying to find out the most favourable way of maximizing the rate I receive, any suggestions very appreciated
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If you want to pay in to a bank account - you have to have an account with them. If you open a new account just to pay this cheque in, you will not have any track record with them so it will in all probability be sent for collection - so will take 6 weeks or more before you get the money.0
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Expect it to take several weeks to clear as well..Life in the slow lane0
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