Can you cash a check from a foreign bank at its US affiliate. I won't use any real names of Banks or Financial Institutions but, for example, The Bettor's Bank of Costa Rica sends you a check and their US affilate is a particular bank such as The Bank of 45th Street in New York. Can I go to The Bank of 45th Street in New York and cash the check in person?
I think its written off a major Canadian Bank....
If I was you guys down there I would be depositing these in the ATM and avoiding as much person to person contact at all....
if there is a hold, there is a hold.... (60 days is ridiculous) but there is not that much you can do because you dont want to draw attention to yourself I guess
correct me if I am wrong, but it is a USD check written off a canadian bank, not a Candian Check as you posted above?
If I was you guys down there I would be depositing these in the ATM and avoiding as much person to person contact at all....
if there is a hold, there is a hold.... (60 days is ridiculous) but there is not that much you can do because you dont want to draw attention to yourself I guess
correct me if I am wrong, but it is a USD check written off a canadian bank, not a Candian Check as you posted above?
I've heard of two weeks before bu 60 days??? I doubt they meant it was likely to take 60 days....unless they are holding it for 60 days....There is so much bank fraud with checks now, its not the banks fault actually.
I doubt you can go to that branch without an account and cash it...it would probably help if you opened an acct at that branch though since its from that bank and reduce the length of time for it to clear...
New accounts usually make you wait longer though.
I doubt you can go to that branch without an account and cash it...it would probably help if you opened an acct at that branch though since its from that bank and reduce the length of time for it to clear...
New accounts usually make you wait longer though.
when you deposit or cash a check unless the check is drawn on an account that is held by that bank it will need to go to an intermediary bank. There are three types of intermediary banks: Federal Reserve Bank, Correspondent bank and a Clearinghouse corporation.
the reason it will take 60 days to clear is because the bank cashing the check for you has no guarentees that they will be paid for the check.
They 'request' the funds, but the clearinghouse waits till it as a large batch of checks to present before actually doing it. Once the clearinghouse has the money they credit your bank and your bank credits you.
the reason it will take 60 days to clear is because the bank cashing the check for you has no guarentees that they will be paid for the check.
They 'request' the funds, but the clearinghouse waits till it as a large batch of checks to present before actually doing it. Once the clearinghouse has the money they credit your bank and your bank credits you.
