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Should I attempt to cash a check in Canada or in Saudi Arabia?

Should I attempt to cash a check in Canada or in Saudi Arabia?

Old Oct 5th 2010, 9:47 am
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Default Should I attempt to cash a check in Canada or in Saudi Arabia?

Greetings:

I just received news that my offshore bank account is being phased out because the Irish bank (i.e., Irish Permanent) I was dealing with is phrasing out their international banking operations (i.e., Irish Permanent International or IPI). It would seem that I am another victim of the Irish banking crisis. The bank has informed me that they are closing my account and will send the balance of my account to me via check. Now here are the questions. I live in Saudi Arabia and the check will be made payable to my address in the Kingdom. However, I also reside in Canada during the summer months so should I tell the bank to instead to send and address the check to my Canadian address which is also on file with them. I am worried about a number of things. First, perhaps I can’t cash the check in Saudi Arabia. What would I do then? Secondly, I am frankly worried about receiving a check via the Saudi Arabian postal system. Finally, however, I also don’t pay any taxes in Canada so is it a good idea to attempt to cash a check a check in Canada? Any advice in this matter would be greatly appreciated.
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Old Oct 5th 2010, 11:03 am
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Default Re: Should I attempt to cash a check in Canada or in Saudi Arabia?

Open another offshore account and get the monies paid directly to that account.

You don't appear to have lost any money so you are not a victim.
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Old Oct 5th 2010, 11:50 am
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Default Re: Should I attempt to cash a check in Canada or in Saudi Arabia?

Originally Posted by Meow View Post
Open another offshore account and get the monies paid directly to that account.

You don't appear to have lost any money so you are not a victim.
Not being an expert in these matters, I'd say Meow gave you the definitive answer; open another Offshore Account and transfer the funds. No-brainer really.
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Old Oct 5th 2010, 12:44 pm
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Default Re: Should I attempt to cash a check in Canada or in Saudi Arabia?

Originally Posted by Meow View Post
Open another offshore account and get the monies paid directly to that account.

You don't appear to have lost any money so you are not a victim.
Well said....
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