$ Bankers Draft ..?? Can I Cash It In Dollars??

angeleyes

hI
won money on 888 only $101 but they sent a bankers draft made out in dollars , now going to vegas nxt yr so dont know how these work.??
looking at thebest way so dont lose too much ..
can i cash it and recieve dollars or do I have to pay it into my bank account for them to convert to £'s
thanks in advance

jonesMUFCforever

You will have to pay it into an account.
No bank will cash it for you in any currency.
I don't know if any of the cheque cashing companies would be able to help you.

vikingaero

Depending on your bank you can pay it into your account. It takes far longer than a normal UK cheque. I paid in a $76 cheque into my Halifax account and after costs it was worth a whopping £28 (This was at around $1.46 to the £).

digerati

If the bankers draft in USD is drawn on a US bank then it can't be easily (or cheaply) negotiated in the UK. (Certainly not for USD cash.) If this bankers draft does not have an expiry date (i.e. "valid for six months from date of issue") then you can probably cash it next year in a Las Vegas casino, check casher or bank affiliated with the one on which it's drawn. You may need to wait three to seven days to get the funds cleared. The other option is to open a US bank account when you're in Nevada and deposit the draft. That way you won't get hammered on exchange rates. You can also deposit future gambling winnings into that account to fund future spending sprees in Vegas :-)