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?

:helpme LW

It's all about wires.

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 :feels-hot

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.

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

I put my trust ONLY in LloydsTSB.

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.

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.

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

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

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.:2 cents:

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.