Canada funds check in the US

[misa 2]

TD has a presence on the east coast. I saw a TDsomething somewhere here in VA but only one location in the suburbs.

[Reba 2]

I never had a problem depositing Canadian $ cheques in my credit union account. It takes them a week or more to clear it, but I never get charged extra fees or anything for it. Sounds like someone doesn't know what the hell they're doing.

And yeah, get an account at RBC Centura if you can, they're pretty much all over the place now.

[Colin Wilson 0]

I haven't had to cash one just yet, but I'd imagine my banking setup would work for it...

I have an RBC account and an RBC Centura account. I opened them in Ontario last year and they are linked together. I can put money in either one and exchange between the currencies whenever I wish. Everytime I do an exchange it shows me the going exchange rate and lets me decide to cancel if I wish. I pay no fees for doing my exchanges (most I've done in a day is 2).

Being that it's RBC, I'm fairly confident they will let me deposit a Canadian check, but again, I haven't tested it yet. I know they aren't all over the States yet, but they are popping up all over the south. It's worth checking out if there is a branch somewhat close to you.

Plus there's the perk that I have access to both Interac and Debit with the account setups. And this way I can continue to pay my fiance's Canadian bills after she comes to the States.

Also, I'd be surprised if a few of the other big Canadian banks didn't have a presence down here as well. Maybe TD?

I have not asked my Canadian Bank yet but here is the link to RBC Centra re Canadians..

very Interesting.

http://www.rbccentura.com/personal/snowbirds/index.html

Colin

[Krikit 1,164]

I have had nothing BUT problems cashing Canadian cheques in the U.S. using SunTrust Bank in Florida. The latest fiasco involves the Royal Bank of Canada (RBC) returning my SunLife medical reimbursement (through my former employer) stamped "Endorsement Cancelled" with the notation "incorrecty encoded" on the back of it. So.... 5 months later I am still out-of-pocket for my out-of-pocket medical expenses AND my U.S. bank has levied an additional charge for RBC cancelling the cheque due to THEIR ignorance.

I visit my local SunTrust branch. SunTrust tells me to call SunTrust Customer Service.

SunTrust Customer Service tells me to call RBC.

RBC tells me to call SunLife.

SunLife listings on Canada411.com and SunLife.ca don't have an option to contact them from outside Canada.... they only list national 1-800 numbers. Canadian 1-800 numbers only get you American businesses who have no idea what you're talking about.

I call RBC back. Very nice guy gives me a non 1-800 Canadian number for SunLife.

Call SunLife and speak with no less than 8 different people who transfer me all over what must be acres and acres of office space. Sometimes I get to speak with their co-workers two and three times between transfers, so it must be that their telephone cabling system is really short in their universe and is relayed through a central connection.

Leave a detailed explanation with someone who says they will refer this to their Supervisor who will call me tomorrow.

Call back one week later. See above for same customer service process.

Manage to finally get transferred to same guy who was going to refer me to his Supervisor the week before. Remembers the call and is shocked that no one got back to me. He will have his Supervisor call me tomorrow.

Obviously, these poor SunLife employees are forced to work in encapsulated little bubbles without benefit of interaction between co-workers because SunLife Supervisor leaves me a voicemail one week later telling me to call 1-877-blah blah blah to request the detailed information I left the last two times I called. And.... just in case I wasn't aware.... she really felt that I needed to know that the U.S. banks will hold Canadian cheques until they clear so maybe I was making a mountain out of a molehill.

Oh. Did I mention that 1-877 numbers don't work from the U.S.?

Cass and Craig..... save yourself some bald patches and follow Flames9 advice. Have someone in Canada deposit your cheques into your Canadian account, then transfer the money into your U.S. account. Your hairdresser will thank you for it.

[Kathryn41 3,205]

I kept a Canadian account open for exactly that reason - and my income tax rebate was direct deposited. As I had visited my bank before I left for the States and made arrangements for on-line banking, we also changed to the lowest rate accoutn I could get. The bank said that if I wanted to deposit any checks to the account, just send them directly to my Canadian branch with a 'please deposit in Account # XXXXXXX" written on the back. I established a nice relationship with one of the service reps and she suggested directing everything to her name and she would personally take care of it. It worked great. The rep has since moved to another branch, but the system still works.

[Velvettt 0]

It really does depend not just on the bank you use, but the state you're in. I deposited an $80 Cdn cheque in our bank in San Antonio (Guaranty Bank) with no problem... or so I thought. When our bank statement came in a month later, they had charged us $20 fee for changing currency. Not for the exchange, that was just the fee for making the changeover. According to them, that's standard for Texas. Not sure I believe that, but, hey, so much down here is insane, why not that, too?

Edited April 10, 2007 by Velvettt

[bebop + rocksteady 0]

We ended up taking the check to Chase (where our wedding account is) and having them cash it. We told them it was in Canadian funds, so he did the exchange and deposited the USD amount into my account. Then, two days later, I see on my online statement that they are crediting my account for the difference between the USD amount in the CAD amount. I guess they assumed the CHECK FROM THE CANADIAN GOVERNMENT was in US dollars (smart). I knew they'd figure it out eventually, and two days ago they rewithdrew the difference taking it back down to the amount we originally deposited it before.

Phew, I'm never dealing with that again. We're definitely sending all CAD checks to Craig's parents from now on. Thanks for the advice guys!

Cass (bebop the great)

[CutienPurg 0]

Haven't heard much from you Cass ......how are things going?

[bebop + rocksteady 0]

Oh, I'm glorious. I've been trapped in the glory of wedded bliss. When my cute husband is on the couch telling me to come snuggle, he wins over VJ.

We're filing AOS this week though, so I'll be around much more.

Cass (bebop the great)

Haven't heard much from you Cass ......how are things going?

[CutienPurg 0]

LOLOLOL

cant blame you there at all!!!!!

you guys are still as cute as ever. Good Luck with AOS

[girl 37 7]

We ended up taking the check to Chase (where our wedding account is) and having them cash it. We told them it was in Canadian funds, so he did the exchange and deposited the USD amount into my account. Then, two days later, I see on my online statement that they are crediting my account for the difference between the USD amount in the CAD amount. I guess they assumed the CHECK FROM THE CANADIAN GOVERNMENT was in US dollars (smart). I knew they'd figure it out eventually, and two days ago they rewithdrew the difference taking it back down to the amount we originally deposited it before.

Phew, I'm never dealing with that again. We're definitely sending all CAD checks to Craig's parents from now on. Thanks for the advice guys!

Cass (bebop the great)

That happens to me all of the time... You just need to make sure they stamp the front of the cheque with their currency conversion stamp, where they fill in the amount in CAN$, the conversion rate, and the resulting amount in US$.

Edited April 17, 2007 by girl 37