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Discussion in 'Payments' started by dcristo, Apr 25, 2005.

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  1. #1
    For those who have requested to receive a cheque in their local currency which you can now do, do you know if this applies to the cheque payment about to go out?
     
    dcristo, Apr 25, 2005 IP
  2. SpeedyDomainRegistration

    SpeedyDomainRegistration Peon

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    #2
    As far as I remember from Google's announcement, it will be in local currency starting earning for March. This would mean this check.
     
    SpeedyDomainRegistration, Apr 25, 2005 IP
  3. dcristo

    dcristo Illustrious Member

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    #3
    Cool, thanks for that.
     
    dcristo, Apr 25, 2005 IP
  4. sarahk

    sarahk iTamer Staff

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    #4
    I hadn't picked up on that but the kiwi banks have no problems with banking US$ so I don't think I'll worry. I wonder if Google use a standard exchange rate or if they round in their favour?

    Sarah
     
    sarahk, Apr 25, 2005 IP
  5. dcristo

    dcristo Illustrious Member

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    #5
    You'd be better off getting cheques in your local currency so as to avoid high bank fee's for depositing international currency cheques.
     
    dcristo, Apr 25, 2005 IP
  6. SpeedyDomainRegistration

    SpeedyDomainRegistration Peon

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    #6
    How about EFT?
    This may be better then getting cheques.
    Do you have that option in your account?
    Depending on your country of residency, you may not have this option.
     
    SpeedyDomainRegistration, Apr 26, 2005 IP
  7. dcristo

    dcristo Illustrious Member

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    #7
    Yes I do, however I didnt go with the option as its only in beta development and I remember it stated if they muck the payment up you would have to wait another month for payment. Cheques are all good though, only take about a week to reach Australia with normal delivery.
     
    dcristo, Apr 26, 2005 IP
  8. Arnie

    Arnie Well-Known Member

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    #8
    Not always right. I pay for my dollar cheque 5 dollars to clear and get a very good exchange rate. I don't have to wait for clearance. It's called negociating your cheque. Most of the countries need $$$ to pay their foreign bills, petrol etc..
    - It's a bank issue. It took me 2 month to find a suitable bank.
     
    Arnie, Apr 26, 2005 IP
  9. maverick

    maverick Peon

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    #9
    I am paying $5-7 (local currency) for encashing my check!! :(
     
    maverick, Apr 26, 2005 IP
  10. galacnet

    galacnet Guest

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    #10
    I have encashed quite a number of Google cheques before and the rates are around $10 to $20 USD per transaction.
    But I don't know if its because its of the foriegn dollar or because its an overseas bank that they charge per transaction......

    Because they have to send it back to the USA for verification and stuff, so rates may still stay the same..... But once you have done your first cheque, I found that my local bank clears them faster upon subsequent encashments. :)
     
    galacnet, Apr 26, 2005 IP
  11. norfstar

    norfstar Peon

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    #11
    I get charged a £9 (roughly $17) fee for negotiating USD cheques - but the money clears into my account in 1-2 days, which is much faster than a domestic cheque would.
     
    norfstar, Apr 26, 2005 IP
  12. Arnie

    Arnie Well-Known Member

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    #12
    Banks can verify the cheques online with the issuing bank and usually banks that buy the cheques get the interests from the day of veryfication.
    Smaller or medium sized banks have better services, while the bigger ones are a kind of sharks.
     
    Arnie, Apr 27, 2005 IP