Hey, So far I have got 2 cheques from my on-line efforts. One was converted into GBP so that was no problem, the other was in USD, I was told it would cost £10 to convert into GBP, but the cheque was for around $100 this would not really be worth doing as it is well over 10%. Does anyone know of a way of cashing these without such high fees. Thanks in advance for your help. Oh, the bank was HSBC.
ask your bank.. natwest charge £10 a cheque, but thats whether the cheque is $1 or $10,000 still sucks balls though
yes this is true... and other banks may charge more.. the best way to do this would be to pop into any hsbc branch and ask to open a dollar account with ur current account.. that means you would have one £ balance and one $ balance.. what you do is fund the dollar account with ur cheques which then means you wont have to pay the £10 charges everytime you deposit. when you would like to withdraw tansfer funds from dollar to pound account all together. this means u can cash 10 cheques without paying £100.. instead you will be charged one percentage fee.. much better for cashing out larger sums in dollar.. hope you understand.
Thank you for your responses, I will let you know how it goes, I will go to the bank tomorrow. Regards.
Lloyds charges me around £6. When there is an option, I chose to be paid by prepaid debit card rather than cheque. Or direct deposits even better.
Also there's a website called Auctionchex which will cash your cheques, but quite high commission. They can wire it to your account but charge £3 one-off fee to set it up the first time.
After speaking to my AM, they have changed payment for Paypal, and also said that they are working to pay in GBP soon. I have a LLoyds account too, so perhaps I will take it there. Thank You
