Foreign checks may be accepted at a branch for deposit; however, they cannot be cashed and aren't eligible for mobile check deposit.
If you've received a cheque in foreign currency, you'll need to find banks that accept foreign cheques or a specialized 'international check cashing' service. Plus you should be aware of the potential fees involved, particularly with the currency conversion exchange rate involved.
Most foreign checks are processed within 2 weeks. However, depending on the country and foreign bank it could take up to 6 weeks. Some foreign items need to be sent out for collection and can take anywhere from 3 to 6 months to be returned, depending on the currency and bank.
If you've received a cheque in foreign currency, you'll need to find banks that accept foreign cheques or a specialized 'international check cashing' service. Plus you should be aware of the potential fees involved, particularly with the currency conversion exchange rate involved.
Foreign Currency Checks Your local Wells Fargo branch can accept checks issued in a limited number of foreign countries and currencies. Visit a Wells Fargo branch or call 1-800-678-4653 to learn more.
If you're looking to exchange currency for a trip abroad, major brick-and-mortar banks or credit unions can help you get different currencies at a fair exchange rate.
Foreign Currency Checks Your local Wells Fargo branch can accept checks issued in a limited number of foreign countries and currencies. Visit a Wells Fargo branch or call 1-800-678-4653 to learn more.
If you've received a cheque in foreign currency, you'll need to find banks that accept foreign cheques or a specialized 'international check cashing' service. Plus you should be aware of the potential fees involved, particularly with the currency conversion exchange rate involved.
When you submit a cheque made out in a foreign currency, there are two possible ways the bank may process it. The cheque will be handled either by negotiation or by collection.
On the line next to the word "dollars," write the check amount in words. Whether you write "thousands" or "hundred" is up to you. When you're writing out the amount, use a fraction for any cents, such as 00/100 for a whole dollar amount or 50/100 for 50 cents. Include the cents next to the written-out dollar amount.