Hello Guys, Today I got my first AdBrite $10 check .. but as I am just 17 years old and haven't withdrawn cash from an international check before .. so I need help of you guys. Well, I live in Karachi, Pakistan ... and Today I got my First check ... its written on the check soemething "Silicon Valley Bank'. But I haven't seen this bank in my area .. so guys what should I do now ? My father has an PKR account in national bank of pakistan. Please help me out as soon as possible. thanks
there should be your name printed as payee.. you got to have a bank account .. if you dont have open one ..... then deposit the check to your bank ...... depending on your banks capabilites the check will be cleared in about 3 weeks the amount will be deposited in ur account after deducting the charges that your bank charges for international checkes
The "Silicon Valley Bank" is the bank where Adbrite had the check issued/printed. That is the bank which guarantees your bank that they hold the funds and that's where your bank will direct their claim, once they have cashed the check to you. However, I can see the temptation of being 17 years old and getting a check. Thare are a few complications though. For one thing, cashing an international check comes with a risk and some extra work fgor your bank, so they take out a fee, a fee which is usally fixed per check, not as a percentage. Most banks here in Europe will charge about $20 USD to cash an American check, regardless of the amount. Because they will have to put in some work in contacting the issuiing bank and have them trasnfer money over to their account here in Europe. Ask the bank where your farther has an account, how much they would charge to cash an international check. Then for the funds to clear and show up in your/his bank account, you should as a minimum expect 2 full weeks, that's the speed of most European banks and I would not expect the Pakistani banks to be any faster than that, international transfers do take time and come with a cost.