UK Webmasters - Cashing US Cheques

**Scott McD** · 09-28-2011, 09:11 AM

I pay £7 per cheque at the bank.

Can't be fucked looking for other options. Though i probably should...

**Spudman** · 09-28-2011, 09:18 AM

yeah i just use my bank also. small charge but doesn't bother me.

**Jel** · 09-28-2011, 09:19 AM

lloyds £7 per batch, whether it's 1 cheque or 100

**awxm** · 09-28-2011, 09:25 AM

NatWest charge a tenner to process a batch of foreign cheques, usually processed within 5 days although occasionally they are sent off for collection which can take up to 28 days to hit your bank account.

**mafia_man** · 09-28-2011, 09:48 AM

Originally posted by Jel

lloyds £7 per batch, whether it's 1 cheque or 100

That's not bad.

**redwhiteandblue** · 09-28-2011, 10:38 AM

Barclays £9 per batch, usually credited next day (£4 if it's under $100 I think).

**v4 media** · 09-28-2011, 12:17 PM

Yep get a batch deal and just stick them in once a month. Saves a fortune.

**RandyD** · 09-28-2011, 12:20 PM

US $ account at citibank - its free. takes 21 days to clear though.

Or maybe its 14, I can't remember

**Welshmorph** · 09-28-2011, 01:57 PM

Originally posted by Jel

lloyds £7 per batch, whether it's 1 cheque or 100

Same here.

Morph

**wehateporn** · 09-28-2011, 02:21 PM

Auction Chex

**rogueteens** · 09-28-2011, 04:29 PM

I use Auctionchex too, i wish HSBC did cheques by batch

**Cherry7** · 09-29-2011, 01:02 AM

Originally posted by RandyD

US $ account at citibank - its free. takes 21 days to clear though.

Or maybe its 14, I can't remember

Same here, but I think it will take the same to clear in all banks as the cheques have to be sent back the the US to be checked.

**RandyD** · 09-29-2011, 01:13 AM

Used to use auctinchex, which was fine - just they give a really shite exchange rate.

**TheDA** · 09-29-2011, 01:48 AM

LloydsTSB £8 per batch, no limit, for me.

**DamianJ** · 09-29-2011, 02:02 AM

Originally posted by Cherry7

Same here, but I think it will take the same to clear in all banks as the cheques have to be sent back the the US to be checked.

Nope, nat west do mine in 5 days.

They basically assume it will clear, but you have to sign something saying they can take the money back if it doesn't clear when it gets back to the US.

**TheDA** · 09-29-2011, 02:18 AM

Originally posted by DamianJ

Nope, nat west do mine in 5 days.

They basically assume it will clear, but you have to sign something saying they can take the money back if it doesn't clear when it gets back to the US.

Same here. I've had them cleared in 3 days before.

**redwhiteandblue** · 09-29-2011, 02:33 AM

Originally posted by DamianJ

Nope, nat west do mine in 5 days.

They basically assume it will clear, but you have to sign something saying they can take the money back if it doesn't clear when it gets back to the US.

It's called "negotiation". With Barclays, you fill in a form and tick the box for "currency to Sterling negotiation", then they do that the next day (usually) and put the funds in your account, but can take it out again if the cheque doesn't clear. Occasionally they can't negotiate the funds and you have to wait six weeks for it to be collected.

**Barry-xlovecam** · 09-29-2011, 03:49 AM

There is no international equivalent of ACH (automated clearing house) like in the USA.
My bank charges $0.16 cents per ACH transaction and the ACH batch can be input on-line to my account. unmm, this is 2011 -- get with the program.

Amounts can be transmitted bank account to bank account in a matter of minutes here.

The problem is the fragmentation of the banking systems -- in many cases, many banking systems are still in 1987 ...

**mafia_man** · 09-29-2011, 07:30 AM

Date:29/06/2011
Reference:XXXXXXX
Dear Mr xxxxxxxx,

Your understanding is correct, there will be a charge of £5 for any cheque deposited from the month of September 2011 apart from a sterling cheque.

Thank you for your message.

If you have any further queries, feel free to send us a message online or call us on the contact numbers mentioned below.

Yours sincerely,

Craig Williams
Citibank Services

Taken from the MSE forums.

**TheDA** · 09-29-2011, 08:50 AM

Originally posted by mafia_man

Taken from the MSE forums.

I think that was established at the start of the thread.

**mafia_man** · 09-29-2011, 11:05 AM

Originally posted by TheDA

I think that was established at the start of the thread.

What a tool I am.

**247mg** · 09-29-2011, 11:57 AM

I use natwest for batch processing for us bank cheque and they charge exactly £10.50

Canadian bank cheque process separately but charge is still same 10.50£

**Grisey** · 09-29-2011, 12:08 PM

Barclays are the best for $$$ cheques.

Wayne

**maccsta** · 09-29-2011, 12:20 PM

Originally posted by FruitPanda

NatWest charge a tenner to process a batch of foreign cheques, usually processed within 5 days although occasionally they are sent off for collection which can take up to 28 days to hit your bank account.

Thanks I bank with Natwest so I'll give this a go.

Just to expand on what FruitPanda said:

If you you do a payment by negotiation it will clear in 4-5 days as long as cheque is in the local currency of the country on which it is drawn (e.g. US dollars payable in the US) and you sign something.

Otherwise it is done by collection; if the cheque is not in the local currency of the sender's country (e.g. US dollars payable in Greece) it can take up to 28 days.

**sponsornetworks** · 10-01-2011, 04:19 AM

i charged 4$ for cheques
that sucks with 60$ cheques

UK Webmasters - Cashing US Cheques

UK Webmasters - Cashing US Cheques

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