I Got A Cheque Question!!
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I just received a cheque from United States.
It means, the currency will be in USD rite? Not SGD?
So when I give the bank to cash in, it will be converted to Sgd rite? -
you will have to pay them some transaction fee..
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at the spot rate
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ermm ok i dun mind the fees, im just asking.. the cheque is in USD rite? since its from US?...so i will be getting the converted amt then?
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the teletubbie just told you.. Spot Rate..
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ookies.. so its in USD then... woohooo!! im rich im rich!!wahahah
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bai jia zi
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must be one of his boyfriends over there send him stuff
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how u noe?Originally posted by the Bear:must be one of his boyfriends over there send him stuff
either its the cutesy neighbour
or the curious firemen
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give the cheque to me, since you don't know the rate
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btw...if i queue up...how long will it takes for it to be cashed in?? and wad do i need? bankbook?
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cheque clearing... mon - fri...Originally posted by mhcampboy:btw...if i queue up...how long will it takes for it to be cashed in?? and wad do i need? bankbook?
if got cross... and b4 2pm, the next day aft 2 can take $$ liao...
juz write ur bank acct no. and ur contact behind the cheque and drop in the box... -
Was it a personal or a business/corporate check (cheque)? US banks generally do not clear personal checks cashed overseas.Originally posted by mhcampboy:I just received a cheque from United States.
It means, the currency will be in USD rite? Not SGD?
So when I give the bank to cash in, it will be converted to Sgd rite? -
its a corporate check... not personal...Originally posted by Meia Gisborn:Was it a personal or a business/corporate check (cheque)? US banks generally do not clear personal checks cashed overseas.
and got no cross also... -
Here's a suggestion: if the amount of the check is substantial and you don't want to get hit with admin fees, commission charges and/or an unfavourable exchange rate when you convert it to S$, consider opening a foreign currency account in US$ at a local bank. You should then be able to deposit the check right into the account at its face value, less a small clearing fee since the check was drawn on an overseas bank.Originally posted by mhcampboy:its a corporate check... not personal...
and got no cross also... -
ermm.. well.. its not tat BIG amt...Originally posted by Meia Gisborn:Here's a suggestion: if the amount of the check is substantial and you don't want to get hit with admin fees, commission charges and/or an unfavourable exchange rate when you convert it to S$, consider opening a foreign currency account in US$ at a local bank. You should then be able to deposit the check right into the account at its face value, less a small clearing fee since the check was drawn on an overseas bank.
but i really dun mind the fees....
just wanna know.. how long would it takes for it to clear if i queue up and cashed it in... and wad must i bring? -
Not sure about the length of time (it would probably be a few days more since it involves an international transaction), but as for identification documents, I'd imagine you'd just need to bring the same stuff needed to cash a local check. That's just a guess.Originally posted by mhcampboy:ermm.. well.. its not tat BIG amt...
but i really dun mind the fees....
just wanna know.. how long would it takes for it to clear if i queue up and cashed it in... and wad must i bring? -
I hate cheques from foreign banks. ggrrrr
If they dun have agent bank in sg, it will take min 1 month to clear the stupid cheque. If they have agent bank in sg still not so bad.
after deducting admin fees and whatnots, the sum you get is often pathetic.
anyway that was 6 years ago when i was banking in US, Israel, Euro, Aussie cheques. Maybe the banking system is better now but i seriously doubt it.
U should have asked your boyfren or pimp to TT (telegraphic transfer) the funds to you instead.
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TT got high admin charge
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i think it's less than clearing a foreign cheque.. but then, i've not been in banking since 1996
places like Western Union charges a reasonable rate..Originally posted by laurence82:TT got high admin charge
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go western union..nice rates for clearing overseas cheques and money orders...cleared most of my overseas cheques from there..
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Master ar.. nice sigg you have.
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Erm... You serious in clearing the cheque?
Where did it come from.
Tried to clear a cheque for an ebay transaction before and it costed around 100+...
Then it turned out to be a fake cheque...
Wasted 100plus in the end. Which make me not to receive payment in forms of personal cheques but paypal only. -
Originally posted by the_don:I hate cheques from foreign banks. ggrrrr
If they dun have agent bank in sg, it will take min 1 month to clear the stupid cheque. If they have agent bank in sg still not so bad.
after deducting admin fees and whatnots, the sum you get is often pathetic.
anyway that was 6 years ago when i was banking in US, Israel, Euro, Aussie cheques. Maybe the banking system is better now but i seriously doubt it.
U should have asked your boyfren or pimp to TT (telegraphic transfer) the funds to you instead.
really ar one month?? sian... -
singapore got western union??Originally posted by the Bear:i think it's less than clearing a foreign cheque.. but then, i've not been in banking since 1996
places like Western Union charges a reasonable rate..