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Cashing Foreign Checks At Bank Of America

Friday, May 13, 2011 - 4:28 PM
Have you received a check that's payable in a foriegn currency? The blogger Nickel at fivecentnickel.com described his experience depositing a check from the United Kingdom at Bank of America. He didn't have any problem, but he did lose 2.5% of the check's value due to the bank's hidden currency conversion fee.

If you deposit a foreign check, remember that even once it clears, it doesn't necessarily mean the check is good. That could take many weeks.
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Ken TuminKen Tumin5,469 posts since
Nov 29, 2009
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