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How do they figure out the exchange rate and do they charge any fees????
(Bank of America)
thejrichshow85
Restricted User
06-15-08
3342
#2
send it back.
Comment
bettilimbroke999
SBR Posting Legend
02-04-08
13254
#3
They are sent in US dollars. If you want to give it to me I'll pay you half face value and you can have your money instantly
Comment
ico2525
SBR Wise Guy
07-30-08
598
#4
A major bank will not give you a problem with the check. They might place a 5 business day hold on it, but they'll definitely accept it. Good news too is that because of this disastrous US economy, the CAD is worth 95% of the USD.
Comment
dwaechte
SBR Hall of Famer
08-27-07
5481
#5
1) Take it to the bank
2) Give it to the teller
Comment
compaqDikk
SBR Hall of Famer
10-08-05
5699
#6
fwd it to sportsbook.com
Comment
durito
SBR Posting Legend
07-03-06
13173
#7
Cash it and send it to me.
If your bank gives you problems, it is because:
1) It is a shitty bank
2) You are shitty customer
Comment
daggerkobe
SBR Posting Legend
03-25-08
10744
#8
Originally posted by ico2525
A major bank will not give you a problem with the check. They might place a 5 business day hold on it, but they'll definitely accept it. Good news too is that because of this disastrous US economy, the CAD is worth 95% of the USD.
According to Yahoo, they should've paid me $160 more to cover the exchange rate but added only $.01.
Comment
swifty
SBR Wise Guy
02-22-06
672
#9
You can send it to me for a fee of 1 miillion US and I will send you back 10,000
Comment
PuckOff
SBR MVP
02-14-07
2395
#10
Originally posted by daggerkobe
Are they even accepted by US banks????
How do they figure out the exchange rate and do they charge any fees????
(Bank of America)
Why wouldn't they be accepted??
They figure out the exchange rates the same way a Canadian bank figures out the exchange rate for any other country's currency.
Comment
daggerkobe
SBR Posting Legend
03-25-08
10744
#11
Originally posted by PuckOff
Why wouldn't they be accepted??
They figure out the exchange rates the same way a Canadian bank figures out the exchange rate for any other country's currency.
But they short-changed me $160.
Comment
michael777
SBR MVP
09-20-05
1936
#12
i have never had a problem with a canadian check from a book,deposited them and they always cleared in 2-3 days,no questions asked
Comment
mtneer1212
SBR MVP
06-22-08
4994
#13
Does the check say CAD or USD? If the amount is USD, then there is no problem.
Comment
daggerkobe
SBR Posting Legend
03-25-08
10744
#14
Says "Payable through Canadian XXXXXXX Bank......... US Funds (just below the bank address)"
Does that mean USD?
Comment
Shark79
SBR Posting Legend
11-19-07
11211
#15
Check might be canadian ... but money may be USD.
Comment
Shark79
SBR Posting Legend
11-19-07
11211
#16
Originally posted by daggerkobe
Says "Payable through Canadian XXXXXXX Bank......... US Funds (just below the bank address)"
Does that mean USD?
This should be US $$
Comment
dwaechte
SBR Hall of Famer
08-27-07
5481
#17
US Funds means it's in USD.
Comment
dwaechte
SBR Hall of Famer
08-27-07
5481
#18
And actually, if it had been CAD, they wouldn't have short changed you $160, they would've been giving you an extra $160.
