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Re: Banks
I can't speak for American banks cashing Canadian cheques but I know that here in Canada at most banks it takes 28 *business* days to cash an American cheque/money order/... As I work for an American company this was clearly unacceptable for me and after much wrangling I had a message placed on my account by a senior bank officer dictating that USD funds should not be held. So, I'm sure if you know someone well placed in your bank you too may be able to enjoy immediate access to funds which are rightfully yours. Of course the whole situation is ridiculous. This is the year 2003. Surely it this day and age of PayPal and Hyperwallet allowing 'reasonable' cross border transfers the banks themselves would have progressed a little with cheque clearing.. FYI: My bank, RBC (a Canadian bank), owns a bank in the US, RBC Centura, and transfers from my RBC Centura account to my RBC account take 48 hours. So, it even takes an unreasonable amount of time when the banks are all owned by the same parent company. There are responses to this message:
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