Quick Qeustion About Checks & HSBC

tpsaver

I'm 16 with a HSBC account, and have never got a check before and don't know what to do when(if) I get one. Also, what happens if the check is in a different currency?

gordonstights

You take a cheque to the bank and they credit your account with the money.

tpsaver

Do you need a paying in slip, or your card or something?

What about checks in different currencies?

tpsaver

Please help me someone, I really need to know this! The most important issue is about accepting checks in dollars.

ShelfStacker_3

They'll want you to fill out a paying in slip. I recommend you call HSBC to find out whether they'll take a cheque in dollars, it'd certainly be quicker than waiting for an answer here

cifpower

There are lodgment slips in HSBC branches which you fill in, place with your cheque in a lodgment envelope and deposit in the lodgment machine. That's how it works in my branch anyway.

If you have a foreign currency cheque, see a cashier in branch as there will be a charge.

DanDan123

You mean a CHEQUE and not a CHECK...........

Scousebird_2

DanDan123 wrote: »

You mean a CHEQUE and not a CHECK...........

Don't be mean!!

Just to let you know hun, explain when you get to the counter that you've never had a cheque before and they will take the time to explain it. They may ask you if you want them to negotiate it for you depending on the value-don't panic...they will explain it all to you.

For future, if you ever get a normal 'sterling'-UK cheque, then you just put it in the bank and then approx 5 working days later, the money will go into your account to draw the money out.

With an USD (American Dollar) Cheque, the funds may take a little bit longer to reach your account. So you may have to wait longer before you draw it out of your account or before the money reflects in your balance.

Any cashier behind the counter will explain it all to you so don't worry!

jonesMUFCforever

A minor cannot legally endorse a cheque (or anything else) so he/she may have problems with paying in a foreign currency cheque.
The fees for small amount may also be prohibitive.

I wonder what a 16 year old has been doing to get foreign currency cheques?

cifpower

I got a $100 cheque when I was around 16 or 17. I won an online lottery thing.

jonesMUFCforever

You mean you entered illegally and weren't found out?