Hello OCT members. Can anyone help. I have a cheque issued to my company from by my bank in Panama. My other company accounts in U.K. will not accept the cheque so I am looking for a bank which can accept the said cheque. The Panamanian bank will not do a transfer so the balance can only be sent through the cheque.
Cheque from Panama
- Thread starter chuckyD
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Will be difficult. Unless it is a lot of money, it must likely won't be worth the troubles. Some Latam banks can do it but as you don't already have an account there, I don't think it is worth checking.
Then, it is worth some troubles. Which bank are you using? I think HSBC is still able to do it for about £28
https://www.hsbc.co.uk/ways-to-bank/branch-banking/
While Barclays stopped doing it last year
https://www.barclays.co.uk/help/payments/cheques/pay-foreign/
NatWest and Lloyds may be able to help as well.
Is this a recurring business? If yes, you may want to open a local bank account in Panama as I would expect all banks in Europe to stop cheque processing in the long run, especially foreign ones.
https://www.hsbc.co.uk/ways-to-bank/branch-banking/
While Barclays stopped doing it last year
https://www.barclays.co.uk/help/payments/cheques/pay-foreign/
NatWest and Lloyds may be able to help as well.
Is this a recurring business? If yes, you may want to open a local bank account in Panama as I would expect all banks in Europe to stop cheque processing in the long run, especially foreign ones.
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