Posted by
Gumnut
18 yrs ago
I have just sold a property in Australia and the cheque was sent here. I went to the bank today to deposit it. I was told it will cost $200 to deposit and will take 1 month to clear? This is HK not the centre to war torn Africa, What is going on? There has to be a better option. Any suggestions?
Please support our advertisers:
As your bank if they will "buy" the cheque from you. See what their costs/time line is.
Please support our advertisers:
I had a similar experience. In the end, I sent the cheque back to Australia, got it deposited there into a bank account I kept open, and then transferred the money with internet banking. That's assuming you still have an account open. Otherwise put it into a relative's account and ask them to do a telegraphic transfer for you. But, yes, I thought the same thing.
Please support our advertisers:
Same thing has just happened to us with a cheque from the US. It's to do with money laundering I think.
Nicci
Please support our advertisers:
Thanks everyone, so much for Hong Kong being a big international commercial centre wheeling and dealing on a fast scale. I thought Australia was slow and backwards but this is quite an eye opener for me. I will have to just deposit it and wait the month as I don't have the Aust. option. What a pain. I am not complaining about the fees just the 1 month wait.
Please support our advertisers:
You must be logged in to be able to reply.
Login now
Copy Link
Facebook
Gmail
Mail