News1 min ago
Lodging a sterling cheque in Australia
5 Answers
I want to send a cheque to my nephew who is living in Australia. However it was only after I had written the cheque that I started to wonder if it is any use to him in Australia.
What I mean is - can he lodge a cheque for an amount in sterling into his Australian bank account?
Thanks in advance.
What I mean is - can he lodge a cheque for an amount in sterling into his Australian bank account?
Thanks in advance.
Answers
Best Answer
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For more on marking an answer as the "Best Answer", please visit our FAQ.It can be done - but only at the expense of massive fees.
For example, here in the UK, Barclays charges a minimum of £20 (consisting of a £4 'negotiation' fee and a £16 'collection' fee) for accepting a foreign cheque. The charge rises up to a maximum of £100 (£60 for 'negotiation' and £40 for 'collection), dependent upon the value of the cheque.
The best way to send money abroad is frequently discussed here on AB, with most people recommending PayPal as the cheapest secure method:
https://www.paypal.com/uk/webapps/mpp/send
Chris
For example, here in the UK, Barclays charges a minimum of £20 (consisting of a £4 'negotiation' fee and a £16 'collection' fee) for accepting a foreign cheque. The charge rises up to a maximum of £100 (£60 for 'negotiation' and £40 for 'collection), dependent upon the value of the cheque.
The best way to send money abroad is frequently discussed here on AB, with most people recommending PayPal as the cheapest secure method:
https://www.paypal.com/uk/webapps/mpp/send
Chris
I agree with Buenchico , Paypal is quick easy and much cheaper...
Check out the fee here....
http://www.clothnappytree.com/ppcalculator/
Check out the fee here....
http://www.clothnappytree.com/ppcalculator/
-- answer removed --
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