Paying in a foreign cheque

PlayingHardball

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

xylophone

https://moneytransfercomparison.com/cashing-foreign-currency-cheque-in-the-uk/
https://www.gocompare.com/money/cashing-cheques-in-foreign-currencies/
Not much choice......

jonesMUFCforever

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.

born_again

Expect it to take several weeks to clear as well..