Cheques
#1
Forum Regular
Thread Starter
Joined: Jul 2013
Posts: 61
Cheques
My partner, has received a cheque (uk) he wants to clear it with the royal bank of Canada, has any one done this? Will we invite any charges or anything?
#2
BE Enthusiast
Joined: Dec 2010
Location: Whitby, Ontario
Posts: 732
Re: Cheques
I have done this with TD Bank - they quote you a rate and tell you what your sterling converts too, then it takes a number of days to clear through the system. Found it a very easy, efficient process. Assume it's similar with the other banks. Not sure if I could do the same with a CAD cheque in the UK though?
#3
Joined: Sep 2008
Posts: 12,830
Re: Cheques
Do it regularly. Rate is better than cash, may be a hold on funds, depends on relationship with the bank. Charges depend on your account, we have the VIP account and have no additional charges.
#4
Every day's a school day
Joined: Jan 2005
Location: Was Calgary back in Edmonton again !!
Posts: 2,667
Re: Cheques
I have done this with TD Bank - they quote you a rate and tell you what your sterling converts too, then it takes a number of days to clear through the system. Found it a very easy, efficient process. Assume it's similar with the other banks. Not sure if I could do the same with a CAD cheque in the UK though?
#5
Forum Regular
Thread Starter
Joined: Jul 2013
Posts: 61
Re: Cheques
Lol other way around British cheque into Canadian bank.
#6
Re: Cheques
Which reminds me, I don't think I ever got the tax refund from the last time I visited the UK and told them to refund to the credit card. I'll have to make sure I get cash in future.
#7
Re: Cheques
So I mailed it back to my UK bank. Laughable, really, given the cheque was sent from the UK to begin with.