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Old 07-06-2008, 01:55 PM   #1
teomaxxx
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US sponsor checks being paid fastly in Canada Banks?

I am going to Canada and I would like to convert some of my low amount checks into cold hard cash. How much time it takes in Canada to get paid for US check and what are the fees?

Banks in my country charges at least 10-15usd per check, so it doesnt make much sense to use them for 40-50usd checks and I have a lot of them :-(
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Old 07-06-2008, 01:56 PM   #2
Agent 488
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where are you located? you have a canadian bank account?
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Old 07-06-2008, 02:08 PM   #3
teomaxxx
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Originally Posted by budsbabes View Post
where are you located? you have a canadian bank account?
I am from Czech republic, but my GF is just in Canada and she has bank account there.
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Old 07-06-2008, 02:39 PM   #4
SmutGiant
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depends on you account balance and amount of time you have been dealing with the bank. If this is your first deposit expect the check to be held for 15-21 business days.
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Old 07-06-2008, 04:32 PM   #5
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Most CDN banks will also hit you for about $10 charge for USA checks.
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Old 07-06-2008, 05:25 PM   #6
the Shemp
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Quote:
Originally Posted by teomaxxx View Post
I am going to Canada and I would like to convert some of my low amount checks into cold hard cash. How much time it takes in Canada to get paid for US check and what are the fees?

Banks in my country charges at least 10-15usd per check, so it doesnt make much sense to use them for 40-50usd checks and I have a lot of them :-(
there is no charge at my bank and i can access the money instantly, but i have 11 years of decent history with the bank...
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Old 07-06-2008, 08:52 PM   #7
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Quote:
Originally Posted by the Shemp View Post
there is no charge at my bank and i can access the money instantly, but i have 11 years of decent history with the bank...
same here .. no fees for US or Euro checks ... TD Canada Trust ....
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Old 07-06-2008, 08:59 PM   #8
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never paid once to deposit a usd check.. if they put a hold on em i think its 7 days or sumthin
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Old 07-06-2008, 09:24 PM   #9
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they never hold mine, but been with the bank over 10 years.
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Old 07-06-2008, 10:44 PM   #10
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For someone coming from abroad cashing a check, I'd expect a minimum of a 30 day hold and needing lots of ID.
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