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Where to cash a sterling bank draft?

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phayes62
phayes62 Posts: 1 Newbie
edited 6 January 2022 at 9:42AM in Budgeting & bank accounts
I got a sterling bank draft as a gift taken out in an Irish bank. I took it to my local bank branch and they told me they don’t accept bank drafts anymore (HSBC). Called their support and was told that was the rule now. Anyone got any suggestion on how or where to cash it?

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  • wmb194
    wmb194 Posts: 4,964 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    phayes62 said:
    I got a sterling bank draft as a gift taken out in an Irish bank. I took it to my local bank branch and they told me they don’t accept bank drafts anymore (HSBC). Called their support and was told that was the rule now. Anyone got any suggestion on how or where to cash it?
    Do you have accounts with any other banks? Personally, I'd try Barclays next.

    https://www.barclays.co.uk/help/payments/cheques/pay-foreign/
  • JJ_Egan
    JJ_Egan Posts: 20,281 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Might be worth trying the Irish banks in the UK .
  • maxsteam
    maxsteam Posts: 718 Forumite
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    edited 7 January 2022 at 3:11AM
    When you say "cash a sterling bank draft", are you wanting to swap it for cash or pay it into your own bank account? I would expect that it is drawn on the UK branch/subsidiary of an Irish bank and I would expect that you would be able to pay it into a personal account with a matching name without any problems other than having to wait for it to clear.

    If you do not have accounts with HSBC or Barclay's you will encounter the same problem. 
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