USD Cheque

Discussion in 'Banking, credit cards, etc' started by pepperds, Jul 30, 2007.

  1. pepperds

    pepperds Registered User

    I have a USD cheque, payable to me, for approx $14k

    Is the only option that I have to gain access to this money by paying it in at my [BOI] branch, in doing this being shafted by their ludicrous FX rates & charges? Or can I (with POI/POA) go anwyehere?

    Any advice greatly appreciated

  2. Bob_tg

    Bob_tg Frequent Poster

    What about you sign the back, and get someone you know from America (we all know someone!!) cash it to their account in the US? They could then do a wire transfer back to you. Aside from the bank's margin of 1-2% on the x-rate, it might cost you Euro60-120 for the transactions for amount - some banks have a cap of 5k euro for a single transfer.

    I'm not sure if this is the best method, but would be curious also to see if anyone has any other ideas....