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Re: Tuesday, June 24, 2003
The transaction time for "foreign" cheques is probably the same whether it's a Canadian or Dutch or whatever cheque. It has been my impression that the US is rather self-contained and self-sufficient. This leads to a rustiness when it comes to interacting outside of its boundaries. Based on this premise, the proximity of Canada to the US is irrelevant. In Canada, processing of a cheque drawn on a US bank account takes five business days. If you live in places like southern Ontario you can often find bank machines that will give you US cash and take US cheques.
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