Paying in joint payee US dollar cheque into single account

jonathanjenkins

Dear Experienced savings & invetment folk

I have a closing 'cashiers cheque' from Wells Fargo from our time in Texas. The US bank account is now closed. This cheque expires soon. It is in my name and my wife's maiden name. HSBC took the cheque in and said it would be credited to my solo $ account. I have just received it back saying that they cannot accept it because it is not in both our names, countering their branch advice. HSBC cannot see a way forward but have raised a complaint, which is unlikely to help me in the time left. As I now have just 2 weeks left before the cheque expires, can anyone suggest how I can pay this in?

Thanks so much

sv511

Have you tried asking Wells Fargo to reissue the check with the correct names? 

Hoenir

sv511 said:

Have you tried asking Wells Fargo to reissue the check with the correct names? 

The bank account is now closed. Perhaps too late to amend the account holders details to the correct ones. 

jonathanjenkins

Thanks for your responses but yes, the account is closed. I will try to get them to send a new cheque but I suspect it must be in both names. Bizarrely, they wouldnt transfer electronically. And even then, I had to give a US address to send the cheque to as they wouldnt post overseas....!

wmb194

jonathanjenkins said:

Dear Experienced savings & invetment folk

I have a closing 'cashiers cheque' from Wells Fargo from our time in Texas. The US bank account is now closed. This cheque expires soon. It is in my name and my wife's maiden name. HSBC took the cheque in and said it would be credited to my solo $ account. I have just received it back saying that they cannot accept it because it is not in both our names, countering their branch advice. HSBC cannot see a way forward but have raised a complaint, which is unlikely to help me in the time left. As I now have just 2 weeks left before the cheque expires, can anyone suggest how I can pay this in?

Thanks so much

Can you open a joint account in the correct names?

LHW99

For UK cheques, you used to be able to "endorse" the cheque - see about 1/3 way down here.

https://www.comparebanks.co.uk/banking/how-to-cash-a-cheque-without-a-bank-account/

Whether that still works / would work in this case I have no idea.

jonathanjenkins

I just had a call back from HSBC. The ywill notallow a new joint account to be opened in my wife's maiden name. Even if I went in with her birth and marriiage certificate, they require 'most recent' ID.......Endorsing the cheque an paying out in cash might work I guess - I will ask Wells Fargo. It might need a trip to New York!

sv511

If the amount is large enough to make it worthwhile, they should be able to wire the funds.    If not ....

If you are carrying  over $10,000 in "cash" you must declare this to the US Customs before leaving.    https://www.cbp.gov/travel/international-visitors/kbyg/money


If it is over £10,000 equivelent  you must declare this before entering the  UK. 

If you do not do this, they can confiscate all of it!!!

https://www.gov.uk/bringing-cash-into-uk

retiredbanker1

It will not work - 2 things - either get a new cheque in the correct names or ask them to send the money electronically to your account.