I have been sent a dollar cheque for $166, and I have 180 days in which to cash it. Any suggestions as to the cheapest way of doing this? I have current a/cs with NatWest, Nationwide and Co-op.
d-t
I have been sent a dollar cheque for $166, and I have 180 days in which to cash it. Any suggestions as to the cheapest way of doing this? I have current a/cs with NatWest, Nationwide and Co-op.
d-t
It'll cost a bit however you do it but I've found that, of the accounts we happen to have, Nationwide is the least expensive for paying in this sort of amount fo dollars.
Thanks. I know I'll lose out (not to mention the pitiful value of the dollar! - haven't decided whether to risk holding out for a better exchange rate). NatWest was always the best for me to transfer money out, but I've never had to pay in a foreign cheque before.
If it's a one off then just bite the bullet at the nationwide. Else open an account at (I think) Abbey National who offers free $ cheques input.
Thanks. Yes, it's a one-off (I hold some Ahold shares, and this is the result of the Class Action in the US). Pity about the timing of its arrival!
d-t
Don't forget to keep all the info on the transaction for your tax return too :)
I believe Citibank is cheapest for checks[sic]. Nationwide is cheapest for debit and credit card transactions abroad.
On that few dollars, given the costs involved , any exchnage rate differences will be trivial, you might be talking about five pounds.
...
Sure, I realise that. I was curious to know if there were significant differences in the extra 'bank interchange' charges.
d-t
And I meant re waiting for 6 months to see if the rates improved :-)
You might as well do it now, given there is an evens chance your ?80? will be worth 75 or 85 in 6 months time.
Fair point!
d-t
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