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Quick Qeustion About Checks & HSBC

2»

Comments

  • tpsaver
    tpsaver Posts: 59 Forumite
    jonesMUFCforever wrote: »
    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?

    I'm thinking of getting in to internet marketing. Most big sites pay by cheque and in dollars.
  • soolin
    soolin Posts: 74,326 Ambassador
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    The last time I asked HSBC about paying in a non sterling cheque they wanted to charge me £12..so be prepared!
    I’m a Forum Ambassador and I support the Forum Team on the eBay, Auctions, Car Boot & Jumble Sales, Boost Your Income, Praise, Vents & Warnings, Overseas Holidays & Travel Planning , UK Holidays, Days Out & Entertainments boards. If you need any help on these boards, do let me know.. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.All views are my own and not the official line of MoneySavingExpert.
  • Bebsie
    Bebsie Posts: 382 Forumite
    I wonder what a 16 year old has been doing to get foreign currency cheques?[/quote]

    Some on-line survey sites send you cheques in Dollards - I've had this before.
  • simongregson
    simongregson Posts: 891 Forumite
    Part of the Furniture 500 Posts Name Dropper
    You might want to try auctionchex.com, as the fee will be less for a small cheque than what HSBC want.
  • jonesMUFCforever
    jonesMUFCforever Posts: 28,898 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    simongregson wrote: »
    You might want to try auctionchex.com, as the fee will be less for a small cheque than what HSBC want.
    Will OP be required to sign terms and conditions at auctionchex.com.
    If so as he is a minor he cannot legally enter into a contract and I go back to my first posting about this?
  • marvin
    marvin Posts: 2,187 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker I've been Money Tipped!
    DanDan123 wrote: »
    You mean a CHEQUE and not a CHECK...........


    Well it is in $ so I suppose the american mispelling is acceptable!

    Google pay in $ by check, sorry cheque but pay in £ by bank transfer. (at least they used to and i have been paid by BT for so long no idea if they still do).
    I started with nothing and I am proud to say I still have most of it left.
  • tpsaver
    tpsaver Posts: 59 Forumite
    soolin wrote: »
    The last time I asked HSBC about paying in a non sterling cheque they wanted to charge me £12..so be prepared!
    £12 for depositing the cheque? or £12 for answering your query?
  • Mikeyorks
    Mikeyorks Posts: 10,377 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Neither. The £12 (variable) is for converting to the same currency as your account.
    If you want to test the depth of the water .........don't use both feet !
  • tpsaver
    tpsaver Posts: 59 Forumite
    Mikeyorks wrote: »
    Neither. The £12 (variable) is for converting to the same currency as your account.
    Hmm, that's a bit steep. Might call them up.
  • Mikeyorks
    Mikeyorks Posts: 10,377 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Not really - it's more or less the going rate. Until we move to a single currency (and the US is unlikely to join!) it's the price you have to pay for accepting funds in other than £Sterling.
    If you want to test the depth of the water .........don't use both feet !
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