Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts

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 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.
Ken TuminKen Tumin5,472 posts since
Nov 29, 2009
Rep Points: 125,708