Cashing US$ cheques in the UK? - GoFuckYourself.com

Lo Wang · 07-03-2003, 08:22 AM

I just moved to the UK from Canada and I'm having a hard time finding a bank that will allow me to cash my US cheques without paying huge...er, HUGE nogotiation fees.

HSBC will allow minimum 4 cheques at 4GBP each.

Lloyds, I have been told, will do it for 5GBP if the cheque is under 100GBP or 0.20GBP (minimum 8GBP, max 80GBP) per negotiation (save your cheques and bring a bunch in). I just got back from there and have been told by the manager that it's not per negotiation, it's per cheque.

What is everyone else doing?

LW

Brown Bear · 07-03-2003, 08:24 AM

It's all about wires.

Project-Shadow · 07-03-2003, 09:32 AM

I cash mine in @ natwest..

$14's . Which i guess I don't mind considering I never recieve a cheque under $400

The rest I do with paypal, then get that from paypal straight to my bank when the exchange rate is right..
Although the US$ is worse by the day..
Fucking twats

cheekycherry · 07-03-2003, 09:36 AM

I use Lloyds TSB, the thing with them though is, YOU have to tell them how it works!

They will tell you till they are blue in face that it is per cheque, but it's not. It's per currency.

Costs me normally between £8 and about £15. I always wait till I got about $10-$15,000 before converting.

senseidru · 07-03-2003, 09:42 AM

I use HSBC, pay in 1 check under $200 and costs you £8

ldinternet · 07-03-2003, 09:53 AM

I put my trust ONLY in LloydsTSB.

ldinternet · 07-03-2003, 09:56 AM

Oh, and don't even bother with Bank of Scotland, affiliated with Halifax. They tried to STEAL over $15000 from me, and their staff are clueless ignorant dipshits.

volante · 07-03-2003, 10:01 AM

Quote:

Originally posted by Lo Wang

HSBC will allow minimum 4 cheques at 4GBP each.

I've been using HSBC for years - they have a set procedure and charge in a handbook that every staff member should have, but once you get to know them (and they get used to you depositing plenty of US$ cheques) you should be able to come to some arrangement with them. Chat to a small business advisor (there should be at least one in each branch) - they can be very helpful.

gothweb · 07-03-2003, 10:36 AM

I went with Lloyds TSB. I make a deposit either every two weeks or every month. £5 a shot isn't bad.

Darren · 07-03-2003, 10:39 AM

Quote:

Originally posted by cheekycherry
I use Lloyds TSB, the thing with them though is, YOU have to tell them how it works!

They will tell you till they are blue in face that it is per cheque, but it's not. It's per currency.

Costs me normally between £8 and about £15. I always wait till I got about $10-$15,000 before converting.

too true.... we had to tell them how to do it!

Beastiepoo · 07-03-2003, 10:44 AM

If you've moved from Canada do you not still have a bank account there? I moved from the US and kept my US bank account. I send the few cheques I get back to them and draw the cash out at an ATM. I don't do this much though, most of my payments come either via paypal or wire transfer.

Tipsy · 07-03-2003, 10:45 AM

If you have £2k to deposit Citibank will give you two accounts. 1 for GBP and one for USD. Best solution I've seen so far.

07-03-2003, 08:22 AM	#1
Lo Wang Registered User Join Date: Mar 2003 Location: UK Posts: 39	Cashing US$ cheques in the UK? I just moved to the UK from Canada and I'm having a hard time finding a bank that will allow me to cash my US cheques without paying huge...er, HUGE nogotiation fees. HSBC will allow minimum 4 cheques at 4GBP each. Lloyds, I have been told, will do it for 5GBP if the cheque is under 100GBP or 0.20GBP (minimum 8GBP, max 80GBP) per negotiation (save your cheques and bring a bunch in). I just got back from there and have been told by the manager that it's not per negotiation, it's per cheque. What is everyone else doing? LW

07-03-2003, 08:24 AM	#2
Brown Bear Confirmed User Join Date: May 2002 Posts: 4,982	It's all about wires. __________________ Surrender all your independent thinking and Click Here for re-programming.

07-03-2003, 09:42 AM	#5
senseidru Confirmed User Join Date: Sep 2002 Location: UKStyle.UKFlow Posts: 1,767	I use HSBC, pay in 1 check under $200 and costs you £8 __________________

07-03-2003, 10:36 AM	#9
gothweb Confirmed User Join Date: Jun 2002 Location: Back in the USSA Posts: 8,849	I went with Lloyds TSB. I make a deposit either every two weeks or every month. £5 a shot isn't bad. __________________ Photos by Ian X.: Distinctive photos of goth babes. Blood Money:Your traffic, my sites, our money. MojoHost: Still the best.

07-03-2003, 10:44 AM	#11
Beastiepoo Confirmed User Join Date: Mar 2002 Location: In a clog shop thinking about tulips Posts: 1,971	If you've moved from Canada do you not still have a bank account there? I moved from the US and kept my US bank account. I send the few cheques I get back to them and draw the cash out at an ATM. I don't do this much though, most of my payments come either via paypal or wire transfer. __________________ Dammit! My timing SUCKS! Hot body piercing jewellery at discounted prices - Click here! Got Goth traffic?? Make money with it at DarkPassions - Click Here!

07-03-2003, 09:32 AM	#3
Project-Shadow Confirmed User Industry Role: Join Date: Feb 2003 Posts: 7,340	I cash mine in @ natwest.. $14's . Which i guess I don't mind considering I never recieve a cheque under $400 The rest I do with paypal, then get that from paypal straight to my bank when the exchange rate is right.. Although the US$ is worse by the day.. Fucking twats

07-03-2003, 09:36 AM	#4
cheekycherry Confirmed User Join Date: Feb 2002 Location: N/A Posts: 1,703	I use Lloyds TSB, the thing with them though is, YOU have to tell them how it works! They will tell you till they are blue in face that it is per cheque, but it's not. It's per currency. Costs me normally between £8 and about £15. I always wait till I got about $10-$15,000 before converting.

07-03-2003, 09:53 AM	#6
ldinternet Confirmed User Join Date: Apr 2001 Posts: 8,245	I put my trust ONLY in LloydsTSB.

07-03-2003, 09:56 AM	#7
ldinternet Confirmed User Join Date: Apr 2001 Posts: 8,245	Oh, and don't even bother with Bank of Scotland, affiliated with Halifax. They tried to STEAL over $15000 from me, and their staff are clueless ignorant dipshits.

07-03-2003, 10:45 AM	#12
Tipsy Confirmed User Join Date: Jul 2001 Location: See sig Posts: 6,989	If you have £2k to deposit Citibank will give you two accounts. 1 for GBP and one for USD. Best solution I've seen so far. __________________ Ignorance is never bliss.