Do any banks accept foreign cheques?
Re: Do any banks accept foreign cheques?
Have them deposited into a bank account in your home country. Then you can withdraw in other countries with an ATM card.
If you have money sent to a Cambodian bank account, the fees are excessive.
## I thought I knew all the answers, but they changed all the questions. ##
Re: Do any banks accept foreign cheques?
I haven't used the ATM cards from my home country for ages. The fee back home is about EUR 7 per withdrawal, the local fee 5-12 USD (Thailand THB 18-220) and the rate I get sucks. Withdrawal limit from my bank back home is just 500 EUR as well, so total fees end up being 3-4% besides the bad exchange rate.
These days I bring cash USD and change it as I please, or use my Creditcard for purchases. I Always rent a room with a safe though.
These days I bring cash USD and change it as I please, or use my Creditcard for purchases. I Always rent a room with a safe though.
Re: Do any banks accept foreign cheques?
I feel we are getting slightly out of topic here, but concerning money international transfers, what I personally do it this:
There is an online company called ofx.com I used them many many times. The idea is that they have "local" accounts in various countries, so they can give you a great rate with very little fees. So I locally transfer say 10k from my canadian account to a canadian ofx account (you need first to register the transaction on the site, they give you a code for the transfer). Within 2 days, the money is sent to whichever account I want around the world. So in this case, I send it to my Canadia account here in PP. The total fee is about 50USD, and the exchange rate is better than what any bank offers.
There is an online company called ofx.com I used them many many times. The idea is that they have "local" accounts in various countries, so they can give you a great rate with very little fees. So I locally transfer say 10k from my canadian account to a canadian ofx account (you need first to register the transaction on the site, they give you a code for the transfer). Within 2 days, the money is sent to whichever account I want around the world. So in this case, I send it to my Canadia account here in PP. The total fee is about 50USD, and the exchange rate is better than what any bank offers.
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