Just to complete the story, I contacted the two building societies I have dealings with, both don't accept US dollars cheques, even though one also has a banking arm.
So off I went to my bank, where although I had been informed on the phone that I would get a full break down of costs etc in the branch, they could only accept my cheque, give me a receipt and tell me to expect a letter in the post to let me know how long the transaction may take (anything from one week to six!). After pressing for information I was told it would cost £34 for the actual transaction, this cost apparently depends on the amount of the cheque. Who would have known that more noughts equals more cost, I wonder why? I am also aware that the bank doesn't give a very good exchange rate, but what else could I have done, nothing it seems.
Anyway, I have left it with them and just hope that the money market doesn't have any major hiccups between now and the cheque being honoured.
Thanks to the couple of GNs who replied, it got me motivated to act instead of prevaricating.
Gransnet forums
Legal, pensions and money
Join the conversation
Registering is free, easy, and means you can join the discussion, watch threads and lots more.
Register now »Already registered? Log in with:
Gransnet »
