Can I deposit a check from a foreign bank or issued in foreign currency? (2024)

FAQs

Can I deposit a check from a foreign bank or issued in foreign currency? ›

Can I deposit a check from a foreign bank or issued in foreign currency? Yes, you can. However, this option isn't available for mobile check deposit so we'll need to see you in person. Please have your government-issued ID and the check available.

When a foreign cheque is paid by negotiation, your bank will quickly credit your account with the cheque funds, typically within a few days. However, if the cheque subsequently bounces, the money can be debited from your bank account.

If your pockets are jingling with foreign currency and you want to deposit it into your bank, you'll have to exchange it into U.S. dollars first. If you live in a major city or have an account at a larger bank, you may not have too much trouble accomplishing this.

A foreign draft is a type of check issued by a foreign bank. It's also issued in a foreign currency. A foreign check is issued by a customer or business. It's drawn on a foreign bank and issued in a foreign currency.

Deposits of US$ checks can be made directly to any Bank of America branch; departments should not deposit foreign checks and/or foreign currency and should contact Cash Receipts for further guidance. Deposit slips are available at the bank branch. The necessary account details for deposit are stated below.

A bank may hold a check longer if it's an unusual deposit, such as if you've never deposited a check from that payer before. A check may take also longer to clear if it's for a larger amount or is from an international bank. Checks from foreign banks usually require longer hold times because they take longer to verify.

Cashing the check in another bank

If you live in a country where checks cannot be cashed, you may be able to open an account in a neighboring country. For example, many Dutch people have the possibility of opening an account just across the border and then cashing American checks.

Most banks will charge currency conversion fees when you deposit foreign currency, both for cash deposits and wire transfers. The fee can come in the form of a markup on the exchange rate or a separate charge.

All cheques made payable in a foreign currency will be presented to the relevant foreign bank through our processing agent Convera. If successful, Great Southern Bank will deposit the Australian Dollar (AUD) amount received from our agent into your account.

We also accept checks issued in a number of foreign countries and currencies. To speak with a representative about foreign checks, visit your local Wells Fargo branch or call 1-800-678-4653.

Can you deposit foreign currency into a Bank of America ATM? ›

Bank of America strives to make funds available as quickly as possible for our customers. Can I deposit foreign checks or foreign currency into my Bank of America account at an ATM? No, we do not accept foreign checks or foreign currency at ATMs.

Using your bank's ATM, or an ATM in its network, and exchange providers like Travelex are common options. Another option is to use companies such as Wise, which specializes in currency transfers and offers a debit card.

Yes, you can.

An international item is considered any check, draft, cashiers check, or money order that meets at least one of the following criteria: Item drawn on any bank not physically located in the US. Item payable thru any bank not physically located in the US.

There are two ways a bank can process a foreign cheque: a negotiation or collection service. Which method they use will depend on where the cheque comes from and what currency it's in. Cheque negotiation lets you use the money before the cheque has cleared.

JPMorgan Chase allows customers to deposit foreign currency into their accounts, but there are some requirements that must be met. First, the customer must have a Chase Premier Plus Checking℠ or Chase Sapphire℠ Checking account. Second, the customer must complete a Foreign Currency Deposit Request form.

Foreign checks

We also accept checks issued in a number of foreign countries and currencies. To speak with a representative about foreign checks, visit your local Wells Fargo branch or call 1-800-678-4653.

Foreign checks

Deposit checks drawn on an international bank in either U.S. dollars or foreign currency. In some cases, you may be eligible for immediate credit of funds to your account. Foreign checks must be deposited in person.

The Federal Reserve's Regulation CC permits banks to place a hold of up to nine days on foreign items if they are new accounts, though most aim to clear them within two business days.