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Cashing a Foreign Cheque

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  • 14-02-2006 12:31pm
    #1
    eoinkennedy
    Registered Users Posts: 29 ✭


    Hi,
    Can anybody tell me if there is a simple way of cashing a foreign cheque?

    I'm not sure if it's crossed yet (hasen't arrived), but if so, can I still go to a bureau de change and cash it there, or will a bank insist on depositing it into my account?

    If its not crossed, can I go to a b.d.c. and cash it?

    Thanks


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    #2
    eeyore's mate
    Closed Accounts Posts: 17 ✭eeyore's mate


    As far as I know if it's not crossed it can be cashed at today's exchange rates (not the rates on the day the cheque was written)
    Wouldn't recommend a BDC though.. rates are often better in your own bank.
    If you are a student.. make sure you show your student ID so you are not charged for exchange rates!
    If crossed then obviously must go into the bank a/c and wait 5 days unless it's the same bank (sterling cheque issued by ulster bank and you go to an ulster bank branch to lodge) then they can call the originating branch and ask them to clear it for you!
    HTH


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