HSBC and Foreign Cheques

Mita

I inherited Hong Kong shares 25 years ago and dividends (usually approx £350 annually) are always paid in Hong Kong dollar cheques. Barclays stopped taking foreign cheques so I opened an HSBC Global money account but they’re going to be stopping international cheques from 12 December. The Hong Kong company have said they can’t do bank transfer and I l’d have to open a bank account in Hong Kong which I don’t want to do.  Any advice will be welcome including how I can sell them as the banks / platform can’t help. Many thanks

gt94sss2

A Foreign Currency Account at HSBC will accept cheques.

https://www.hsbc.co.uk/international/currency-account/

You can then transfer the funds to your Global Money account before using them.

wmb194

Mita said:

I inherited Hong Kong shares 25 years ago and dividends (usually approx £350 annually) are always paid in Hong Kong dollar cheques. Barclays stopped taking foreign cheques so I opened an HSBC Global money account but they’re going to be stopping international cheques from 12 December. The Hong Kong company have said they can’t do bank transfer and I l’d have to open a bank account in Hong Kong which I don’t want to do.  Any advice will be welcome including how I can sell them as the banks / platform can’t help. Many thanks

Another option is to sell the shares and the issue goes away.