US Investment plan terminated - USD cheque sent

*Trouble*

Anyone know how I can cash a US Dollar cheque?

I had some Liberty Global shares, that split and a few went over to the US.... I've now had a cheque advising "??? plan was terminated, and all shares were under a mandatory cash payout.".

They've sent me a US cheque and advised via email that they cannot add a Direct Debit as the plan is now closed.  :'(

TheBanker

Who do you bank with? You may be able to pay it in at your bank, but you'll need to go to an actual branch and pay it in over the counter - not through an app or an ATM. Or you might be able to post it to them. There will be a charge, and it could take weeks for the funds to become available, depending on the value of the cheque and how the bank process it. 

Woodstok2000

Open a HSBC current account

Open a HSBC global money account in app (instant)

Open a HSBC currency account in USD in app (instant)

Go to a branch and deposit the USD cheque into the currency account

Convert it to GBP in the global money account

Transfer it to your HSBC current account

No fees apart from a slightly worse exchange rate.

*Trouble*

Woodstok2000 said:

Open a HSBC current account

Open a HSBC global money account in app (instant)

Open a HSBC currency account in USD in app (instant)

Go to a branch and deposit the USD cheque into the currency account

Convert it to GBP in the global money account

Transfer it to your HSBC current account

No fees apart from a slightly worse exchange rate.

Reading online, this stopped working in December.  :'(

*Trouble*

TheBanker said:

Who do you bank with? You may be able to pay it in at your bank, but you'll need to go to an actual branch and pay it in over the counter - not through an app or an ATM. Or you might be able to post it to them. There will be a charge, and it could take weeks for the funds to become available, depending on the value of the cheque and how the bank process it. 

According to Google.... no UK banks will accept US dollar cheques anymore; I know none of mine do. I tried the Post Office too.

Woodstok2000

*Trouble* said:

Woodstok2000 said:

Open a HSBC current account

Open a HSBC global money account in app (instant)

Open a HSBC currency account in USD in app (instant)

Go to a branch and deposit the USD cheque into the currency account

Convert it to GBP in the global money account

Transfer it to your HSBC current account

No fees apart from a slightly worse exchange rate.

Reading online, this stopped working in December.  :'(

Oh no! It definitely worked before Christmas, but I've not tried it since.

Dicentra

*Trouble* said:

TheBanker said:

Who do you bank with? You may be able to pay it in at your bank, but you'll need to go to an actual branch and pay it in over the counter - not through an app or an ATM. Or you might be able to post it to them. There will be a charge, and it could take weeks for the funds to become available, depending on the value of the cheque and how the bank process it. 

According to Google.... no UK banks will accept US dollar cheques anymore; I know none of mine do. I tried the Post Office too.

That is simply wrong, NatWest current account accepts us dollars cheques, I just pay my cheques over the branch counter and the charges are low.

UncleK

Dicentra would appear to be correct

eskbanker

*Trouble* said:

According to Google.... no UK banks will accept US dollar cheques anymore;

"According to Google" is a largely meaningless phrase, deployed to try to attach bogus credibility to 'I found a website which may or may not be reliable...' or 'I couldn't find a website that...'!

MeteredOut

eskbanker said:

*Trouble* said:

According to Google.... no UK banks will accept US dollar cheques anymore;

"According to Google" is a largely meaningless phrase, deployed to try to attach bogus credibility to 'I found a website which may or may not be reliable...' or 'I couldn't find a website that...'!

I increasingly see "according to google" to mean "according to the AI slop presented to me by google that I've taken at face value as I can't be bothered to verify".

So, there a very good chance the response is a hallucination and downright wrong. As seems to the case here.

kermchem

MeteredOut said:

eskbanker said:

*Trouble* said:

According to Google.... no UK banks will accept US dollar cheques anymore;

"According to Google" is a largely meaningless phrase, deployed to try to attach bogus credibility to 'I found a website which may or may not be reliable...' or 'I couldn't find a website that...'!

I increasingly see "according to google" to mean "according to the AI slop presented to me by google that I've taken at face value as I can't be bothered to verify".

So, there a very good chance the response is a hallucination and downright wrong. As seems to the case here.

Not claiming that my Google question and its answer is any more valid, but when I asked "will lloyds bank accept a us dollar cheque in the uk". The first word of the Google AI answer was "Yes", followed by a longer explanation, and a link.