Cheque In American Dollars

[granny grump]

A friend has received a cheque for approximately 12000 dollars from an inheritance that the heir hunters Fraser & Fraser have traced for him FRASER & FRASER have already taken their commission of 5000 dollars His bank

Nationwide say that they cannot accept it How can he get this money into his account without anymore money being deducted from the inheritance Can anyone please give him some advice

[Old_Geezer]

Surely everyone would charge for changing the currency ?

[granny grump]

I don't know old geezer surely there is a way

[woofgang]

I am afraid however he pays it in he will be charged a currency commission charge.

[woofgang]

sorry “currency conversion” commission charge. Part of my late DH’s estate was in dollars and there really is no way around it

[Ellipsis]

A normal bank would accept it. For example, here's what Natwest say:

While we don't usually recommend drafts and cheques, there are some basic principles you can apply to make the process as simple and cost efficient as possible.

- Submit sterling cheques and drafts drawn on banks abroad, or foreign currency cheques and drafts drawn on the UK to be cleared on your behalf
- Reduce costs by including multiple cheques and drafts in the same transaction. These need to be in the same currency, drawn on banks in the same country, for negotiation.

That's from http://www.natwestinternational.com/nw/personal-banking/travel-and-international/g50/international-payments/receiving-international-payments/drafts-and-cheques.ashx#tab-section1

[Buenchico]

From the Nationwide web site:
"Nationwide are unable to provide a Foreign Draft or pay in a Foreign Cheque"
http://www.nationwide.co.uk/~/media/MainSite/documents/support/payments-transfers/P1078_OverseasPayments.pdf

Fraser & Fraser should be asked to accept the return of the cheque and then to make their payment via SWIFT. The information they'll need is listed here:
http://www.nationwide.co.uk/support/payments-and-transfers/specialist-payments/swift-payments#xtab:receive-a-swift-payment

[DTCwordfan]

Lloyds Bank accept US cheques - it takes quite a bit of paperwork to set the deal up.

[granny grump]

Thank you Buenchico

[granny grump]

Thank you all for your help