Sterling Cheque

[fin]

Can anyone tell me how long I would need to have a sterling cheque lodged within a bank in Pattay before it would clear, it is for a fairly large sum of money

[Butterfly]

Can anyone tell me how long I would need to have a sterling cheque lodged within a bank in Pattay before it would clear, it is for a fairly large sum of money

I think 6 months

[ThaiAdventure]

It varies from bank to bank ( I was quoted 45 days). It is better to wire the money if you want it quick (4-5 days)

[Axel]

45 days it is for checks and good for the poor banks to earn something off your money.

I used to buy Baht-checks from HSBC IN Hong Kong issued by a local source and as such cashed immediately as local check. Not sure, if HSBC in UK can do it.

Otherwise, do transfer by wire.

[ThaiAdventure]

45 days it is for checks and good for the poor banks to earn something off your money.

I used to buy Baht-checks from HSBC IN Hong Kong issued by a local source and as such cashed immediately as local check. Not sure, if HSBC in UK can do it.

Otherwise, do transfer by wire.

No such thing as a poor bank

UK HSBC cannot issue THB cheques......you cannnot even get a foriegn currency account in Baht.

If you have a sterling current account you probably have a switch/Maestro/cirrus card. You can withdraw through most ATMS up to your limit.

[fin]

This cheque is from an insurance company in the UK and the person who is trying to cash it is in Thailand, they have been told it would take 7 days to clear once they have opened an account in Thailand which they have done but not sure if this is true or not.

[dr_Pat_Pong]

7 to 10 days should do it.

[george]

Bangkok Bank promises 45 days, but it normally takes 3 weeks to clear a foreign check.

[p1p]

Certain American Express cards will guarantee cheques drawn on US and UK accounts allowing instant payment of funds. This is my preferred method to draw down from overseas.

[dr_Pat_Pong]

Bangkok Bank promises 45 days, but it normally takes 3 weeks to clear a foreign check.

Telegraphic tranfer from Australia to Bangkok Bank takes 36 hours. From senders account into the BBL account with cleared effects.