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Writing a cheque for a friend in USA.
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ZZzzz | Report | 24 Feb 2013 14:30 |
If I pay a cheque to,my friend in USA how can I be sure that will be an accurate or maybe a bit more exchange rate to the £ please? |
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Kay???? | Report | 24 Feb 2013 14:37 |
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ZZzzz | Report | 24 Feb 2013 14:43 |
Thanks Kay I shall look into that. |
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SheilaSomerset | Report | 24 Feb 2013 14:45 |
Your friend will probably have to pay a fee to his/her bank to process this as it's a foreign cheque. You can do a 'wire' transfer between banks, if you get her account details, again this may incur a charge. |
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eRRolSheep | Report | 24 Feb 2013 14:53 |
The Post Office runs a service which doesn't charge a fee and is quite competitive. I think it is only for sums over £250 though. |
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ZZzzz | Report | 24 Feb 2013 15:00 |
Thank you everyone for your help, it won't be for that much ErrolSHeep but I don't mind paying more so she isn't losing out. :-) |
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+++DetEcTive+++ | Report | 24 Feb 2013 15:17 |
If she uses Amazon, would she be willing to accept a Gift Certificate? You can buy those in USD via the Amazon.com site rather than the .co.uk one. |
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GRMarilyn | Report | 24 Feb 2013 15:20 |
I don't think that USA banks will cash a UK Cheque . |
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eRRolSheep | Report | 24 Feb 2013 15:21 |
I don't think it is considered wise sending a cheque from a security point of view |
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Margaret in Sussex | Report | 24 Feb 2013 15:30 |
I go to the post office & buy dollars on a money transfer to son,,, He collects at Walmart. Small fee for you. None for recipient. You fill in a form ...They will explain fully to you the options |
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OneFootInTheGrave | Report | 24 Feb 2013 15:54 |
A few years ago before I retired, the company I worked for, used to receive a lot of cheques in various currencies from foreign banks and we had to complete a form for our bank here in the UK to negotiate payment of any cheque in a foreign currency, and they charged a fee for that service, so it probably the same method that foreign banks use for cheques from the UK. |
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OneFootInTheGrave | Report | 24 Feb 2013 15:57 |
Western Union can be dodgy, if the money goes to the wrong person, no redress, its gone and that is it :-( |
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OneFootInTheGrave | Report | 24 Feb 2013 16:07 |
Sending funds through the Banking System:- |
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Susan10146857 | Report | 24 Feb 2013 17:16 |
Best to ask your Bank. They may have a far simpler way to transfer money and also be able to give advice |
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*$parkling $andie* | Report | 24 Feb 2013 17:44 |
Safest is to go to your bank and wire it (international money transfer) via your bank account to theirs. I always do that with my sis, and she to me. |
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OneFootInTheGrave | Report | 24 Feb 2013 17:53 |
May be slightly off topic, but all the main banks in this country have systems in place for international transfers to be done, on line, to the majority of banks any place in the world. |
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vera2010 | Report | 24 Feb 2013 21:30 |
I wired money to someone in Australia. Needed their bank details. You can do it yourself if you have internet banking. The sender gets charged not the receipient. |
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ZZzzz | Report | 24 Feb 2013 21:32 |
Thank you once again everyone, I think I will send it through my bank :-) |
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*$parkling $andie* | Report | 24 Feb 2013 22:02 |
ZZzzz~~ |
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SylviaInCanada | Report | 24 Feb 2013 23:04 |
From long personal experience ................ grandparents and others sending money to grandchildren here in Canada. |
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