Can I deposit a USD check in India?

Every Indian bank can accept and clear a USD currency check. So they can revert to you with an answer that you can’t deposit other currency checks in your savings account. If any bank’s any branch gives you such a response, visit the main branch in your city to deposit the foreign currency check.

Can I bank a cheque in dollars?

Can you cash a foreign cheque in the UK? Yes, it can be possible to cash a foreign cheque. Some UK banks will allow you to cash the cheque depending on where the cheque comes from, what bank it is drawn on, which currency it’s in – and how long you are willing to wait.

Can I bank a cheque in a foreign currency?

There are two ways a bank can process a foreign cheque, either by a negotiation or collection service. The method they use to pay the money into your account will depend on where the cheque comes from, and what currency it’s in.

Can I deposit a foreign currency cheque HSBC?

We may, at our discretion, credit a foreign cheque to your account without waiting for it to be paid. If the foreign cheque is subsequently returned unpaid, we may deduct the amount credited (or re-converted if converted into another currency) from your account together with a return fee of £25.

How can a foreign cheque be cleared in India?

Cash Letter Arrangement (CLA): In this process Indian banks send the cheque to their foreign correspondent banks in the respective country. When the amount is credited by correspondent bank, it is credited to the account of the presenting bank in that country which is known as NOSTRO accounts.

How long is a US dollar cheque valid for?

Technically speaking, cheques don’t have an expiry date. But, in practice, banks will usually reject a cheque if you try to pay it in or cash it more than six months from the date of issue – that’s the date written on the cheque.

Can you deposit a US cheque online?

With Mobile Deposit, there’s no need to go to the branch or ABM. Instead, you use your smartphone or tablet to take a picture of your cheque and deposit it into your chequing or savings account.