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Can I cash a sterling cheque for sterling? BoI customer with funds to cover cheque.

  • 22-12-2016 11:50AM
    #1
    my3cents
    Closed Accounts Posts: 9,762 ✭✭✭


    I've been sent a sterling check for Christmas from relatives in the UK. I'm back in the UK fairly soon so it would be simpler to get the UK pounds rather than cash it for euros and then buy pounds again.

    I've a normal euro current account so is there direct way of getting the cheque cashed in pounds without going through two currency exchanges (pounds to euro then euro back to pounds)?

    I doubt there it can be done but if you don't ask you don't know.


Comments

  • #2
    Bank of Ireland: Elaine
    Closed Accounts Posts: 1,367 ✭✭✭Bank of Ireland: Elaine


    Hi my3cents, 

    Thank you for getting in contact with us here on Boards.ie.

    I'm afraid it is not possible to cash a foreign currency cheque on an ROI account. It would need to be lodged to your account and would then be subject to the standard foreign cheque clearance time frame of up to 6 weeks. However, as you've mentioned that you are travelling to the UK soon, it might be worth contacting the issuing bank there to see if they will cash this cheque for you. 

    Sorry that this is not the outcome you'd hope. 

    Elaine 


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