What do I do with a Canadian check?

**thejrichshow85** · 08-07-08, 02:35 PM

send it back.

**bettilimbroke999** · 08-07-08, 03:00 PM

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

**ico2525** · 08-07-08, 03:01 PM

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.

**dwaechte** · 08-07-08, 03:01 PM

1) Take it to the bank
2) Give it to the teller

**compaqDikk** · 08-07-08, 03:09 PM

fwd it to sportsbook.com

**durito** · 08-07-08, 03:09 PM

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

**daggerkobe** · 08-07-08, 03:17 PM

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.

**swifty** · 08-07-08, 03:18 PM

You can send it to me for a fee of 1 miillion US and I will send you back 10,000

**PuckOff** · 08-07-08, 03:20 PM

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.

**daggerkobe** · 08-07-08, 03:25 PM

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.

**michael777** · 08-07-08, 03:25 PM

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

**mtneer1212** · 08-07-08, 03:40 PM

Does the check say CAD or USD? If the amount is USD, then there is no problem.

**daggerkobe** · 08-07-08, 03:43 PM

Says "Payable through Canadian XXXXXXX Bank......... US Funds (just below the bank address)"

Does that mean USD?

**Shark79** · 08-07-08, 03:44 PM

Check might be canadian ... but money may be USD.

**Shark79** · 08-07-08, 03:45 PM

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 $$

**dwaechte** · 08-07-08, 03:45 PM

US Funds means it's in USD.

**dwaechte** · 08-07-08, 03:46 PM

And actually, if it had been CAD, they wouldn't have short changed you $160, they would've been giving you an extra $160.

**daggerkobe** · 08-07-08, 03:49 PM

Alrighty.

Thanks everyone for clearing that up.