Maybe Nattie can help clarify this please.
Ive been advised that a Euro Bank cheque when paid into a sterling account can take 6 to 8 weeks to clear.
Have been informed that such cheques need to go to collections, and the clearance time depends on how quickly the foreign bank processes the cheque.
As the foreign bank in question received payment before issuing the cheque I dont understand why 6 - 8 weeks has been quoted.
What is the process for converting euro cheques, and crediting a sterling account.
Ive been advised that a Euro Bank cheque when paid into a sterling account can take 6 to 8 weeks to clear.
Have been informed that such cheques need to go to collections, and the clearance time depends on how quickly the foreign bank processes the cheque.
As the foreign bank in question received payment before issuing the cheque I dont understand why 6 - 8 weeks has been quoted.
What is the process for converting euro cheques, and crediting a sterling account.
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