Cashing in cheques

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Allu889
Posts: 2
Joined: Tue Jul 04, 2017 4:54 pm

Cashing in cheques

Post by Allu889 » Tue Jul 04, 2017 4:57 pm

Hi,

Could someone tell me which Finnish banks take Australian bank cheques? NAB (National Australian Bank) to be specific.


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Cashing in cheques

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foca
Posts: 739
Joined: Mon Sep 05, 2011 11:38 pm

Re: Cashing in cheques

Post by foca » Sat Jul 08, 2017 2:25 am

Generally speaking, any bank can send your check for collection. Specifically if it is bank or a bank confirmed check . Though collection procedure might be long and expensive . So if the sum is small - no sence in trying.
What do you want from me?????


Flossy1978
Posts: 1386
Joined: Tue Oct 09, 2007 3:38 pm

Re: Cashing in cheques

Post by Flossy1978 » Sat Jul 08, 2017 7:02 am

Can you ger it put into an Australian bank account and have a friend/family member transfer thr funds? That has got tyo be cheaper than trying to get the cheque done in Finland.


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Cory
Posts: 3635
Joined: Wed Jun 18, 2003 11:51 pm
Location: Turku

Re: Cashing in cheques

Post by Cory » Sun Jul 09, 2017 8:29 pm

Many moons ago, my dear great aunt used to send my kids cheques from Canada for Xmas gifts. It was a PAIN in the arse. The Australian bank will have a "sister" bank in Finland. Mine was OP. It was somewhat faster for the cheques to be processed through OP because they had existing connections with the Canadian bank in question. BUT... I finally talked her into just depositing the money into their Canadian bank accounts which they could then use when they visited in the summer. If I remember correctly, if she sent a 50CAD cheque, they go about 20 euro after all the fees were paid. It was a waste of her money really. If possible, have the money transferred via Transferwise, or some such alternative. They charge a minimal transfer fee. For every 300 euro I tranfer to my Can account, I pay about 3 euros. No more bank transfers or bloody cheques! :lol:
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Allu889
Posts: 2
Joined: Tue Jul 04, 2017 4:54 pm

Re: Cashing in cheques

Post by Allu889 » Mon Jul 10, 2017 12:28 pm

The problem is, I don't have an account with the bank I recieved the cheque from.
The cheque is from a pension fund and it's more than 1000€. How much fees are we talking when say the cheque is worth 1000 €?
Does anyone know which bank would be the best for my situation?


DMC
Posts: 1230
Joined: Thu Nov 16, 2006 9:17 am

Re: Cashing in cheques

Post by DMC » Mon Jul 10, 2017 1:53 pm

When I have paid foreign cheques into my Finnish (OP) account there has been a flat fee rather than a percentage. The fee has been 11 or 12 euro from memory. For an amount like 1000 euro I would not consider that significant.


Upphew
Posts: 9910
Joined: Tue Apr 08, 2008 10:55 pm
Location: Lappeenranta

Re: Cashing in cheques

Post by Upphew » Tue Jul 11, 2017 9:25 am

DMC wrote:When I have paid foreign cheques into my Finnish (OP) account there has been a flat fee rather than a percentage. The fee has been 11 or 12 euro from memory. For an amount like 1000 euro I would not consider that significant.
Fitting that first hit about cheques in Nordea's web page was "Pankkimuseo" - bank museum. Next hit told that they hit you 40€ for cashing it.
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