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How do I cash a cheque in another currency?

How do I cash a cheque in another currency?

Old Aug 5th 2012, 7:09 am
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Default How do I cash a cheque in another currency?

I have been given a cheque for some shares that I cashed in, unfortunately it is in Canadian Dollars and I do not have a CAD account. Can I just put it straight into my AED account with ENBD, or can I exchange it for cash, or what do I do? It is made out in my name, but does not appear to be crossed or anything.

Ordinarily I'd probably just stick it in a drawer and forget about it, but I am just about to have a baby so really need the cash .

Thanks.
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Old Aug 5th 2012, 10:03 am
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Default Re: How do I cash a cheque in another currency?

Emirates NBD have been known to accept cheques in otherr currencies, but take ages to cash them. Best to contact your branch and ask them directly.

If they don't know, or don't make sense drop me an email and I'll see if I can find a person with a brain who can help.
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Old Aug 5th 2012, 10:09 am
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Default Re: How do I cash a cheque in another currency?

Originally Posted by Meow View Post
Emirates NBD have been known to accept cheques in otherr currencies, but take ages to cash them. Best to contact your branch and ask them directly.

If they don't know, or don't make sense drop me an email and I'll see if I can find a person with a brain who can help.
Thanks Meow, if I don't have any luck with the bank, I'll let you know.
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Old Aug 6th 2012, 6:28 am
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Default Re: How do I cash a cheque in another currency?

Just for info we received a tax back cheque refund after buying a new suitcase in South Africa. The tax refund cheque was provided at Durban airport in departures in SA Rand currency. On return to UAE, I tried to cash the cheque at Mashreq who were going to send it back to SA for processing - and the whole exercise would have cost more than the cost of 300 SA rand cheque.......
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Old Aug 6th 2012, 6:46 am
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Default Re: How do I cash a cheque in another currency?

Originally Posted by Haggis View Post
Just for info we received a tax back cheque refund after buying a new suitcase in South Africa. The tax refund cheque was provided at Durban airport in departures in SA Rand currency. On return to UAE, I tried to cash the cheque at Mashreq who were going to send it back to SA for processing - and the whole exercise would have cost more than the cost of 300 SA rand cheque.......
Blimey! I took my cheque to ENBD last night, and they told me it would take 45 days to cash. I didn't ask about charges, perhaps I should have...
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Old Aug 6th 2012, 8:20 am
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Default Re: How do I cash a cheque in another currency?

Depends on the amount and effort required - but could you not open an RBC account (in CAD), depeosit the account and then transfer it to your existing account.
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