Best currency conversion for US$ cheque

Dicette

Registered User
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68
I have a cheque for $14K (US$).
This is a one-off occurrence from the sale of shares.
I have looked at the key post on currency conversion – but my understanding is that currency brokers don’t accept cheques.
In order to get the best rate of conversion, is my only option to negotiate with my bank?
 
You could open a US bank account, lodge the cheque to that, then use an online broker to transfer.

Several large US banks allow non-residents to open fee-free accounts, e.g. Bank of America.
 
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