You simply wrote your currency code (GBP, FF, DM) and the amount in the foreign currency on the cheque and sent it off. A family member who worked in AIB at the time cursed the cheques, as there was a fairly manual clearing system that required a fair pile of work for the teller at each end of the transaction.ClubMan said:[*]How did eurocheques work in the absence of a single currency and a single cross border cheque clearing system?
There were charges built into the rate shown on your statement when the cheque eventually cleared. I remember querying charges on 3 GBP cheques that hit my account on the same day for what appeared to be different rates, but AIB explained that there was a flat fee per cheque in addition to the normal rate. Can't remember what scale the charges were, mind you.ClubMan said:[*]
[*]What charges (in particular over an above those for a "normal" cheque and including forex charges) used to apply?
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