I've been getting a few checks from Canadian companies and I just got a batch of about 5g's returned. They all say "US Funds" or "US dollar account" on the checks. Is my bank erroring by not accepting these checks, or is there a procedure I need to follow. If it is an error, is it out of line if I request some sort of compensation for the hassle?
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your bank is in error
I cash euro/dollar/canadian checks all the time
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I figured. I need to have a serious talk with them. Thousands of dollars in returned checks isn't cool.Originally posted by strobi
your bank is in error I cash euro/dollar/canadian checks all the time
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You don't bank with U.S. Bank, do you (that's the name of a bank, by the way, not bad grammar)? That's where my account it, and they're a bunch of bastards, especially when it comes to anything international.SIG TOO BIG! Maximum 120x60 button and no more than 3 text lines of DEFAULT SIZE and COLOR. Unless your sig is for a GFY top banner sponsor, then you may use a 624x80 instead of a 120x60.Comment
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I have it the other way around. I cash US funds into canadian accounts (have a US account too, but occasionally need it in Can$).
I just make sure to go to the teller and tell them SPECIFICALLY that its US funds. Even when I want it in my US account they screw up once in a while. Luckily the last time it was in my favor. She converted it with the exchange rate, but deposited it as US funds. So I got like 1.39 times the money I was depositing but it stayed US funds.
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Bank errors happen all the time ! You have to stand up for yourself othervise they will walk all over you. If it stated US funds, it should be a negotiable instrument. They should compensate you for any costs incurred, and give you a letter stating it was their fault if any of your checks were returned as a result of this
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And people wonder why I want wires and other forms of payment.
Banks suck when it comes to cheques!Comment
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Make sure you highlight the "US Funds" portion to the teller, or when you deposit the cheques. (And, I literally mean that: take a yellow highlighter to the words.).
Some smaller US banks don't recognize the fact that banks in Canada can deal with accounts in US funds.AdultAdBroker - Buy and Sell Your Flat Rate Banners, Links, Tabs, Pops, Email Clicks and Members' Area Traffic - updated May 2026Comment
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