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A Cheque in dollars
deb76
Posts: 139 Forumite
I have just rec'd a cheque but it is made out in dollars, will the bank charge me when i bank it to get it converted, if so how much?
0
Comments
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You would be better using auctionchex to cash it: http://auctionchex.com/exchangedp-s.html0
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yes- the banks generally levy a set fee for the first set amount and a percentage thereafter.
when my kids were small( a decade ago) it was around a fiver- harsh when they got small birthday cheques in dollars- i almost felt they would end up owing the bank for bringing it in and not get anything at all back.
banks then also set the exchange rate...0 -
The exchange rate, in my expreience, is quite good. The banks make most of their money, esp for smaller cheques, from the flat-rate charge.
If it's under £50-100, go to someone like Auctionchex, otherwise check with your bank what their charges would be.0
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