Quote:
Originally Posted by DamianJ
Nope, nat west do mine in 5 days.
They basically assume it will clear, but you have to sign something saying they can take the money back if it doesn't clear when it gets back to the US.
|
It's called "negotiation". With Barclays, you fill in a form and tick the box for "currency to Sterling negotiation", then they do that the next day (usually) and put the funds in your account, but can take it out again if the cheque doesn't clear. Occasionally they can't negotiate the funds and you have to wait six weeks for it to be collected.