Just curious. Why would an airline pay that amount to anyone:)? Are they mailing you the cheque?queenofhearts wrote: ↑ Hi all. After much run around with Turkish airlines they are sending me a cheque issued in Euros. It’s only a small amount (11 euros)but before I give them the go ahead, I want to know if this is easily done at any bank? Or do i have to a special currency exchange? If it ends up being more hassle than it’s worth, I’ll demand they pay me in Canadian funds.
It may not be worth your while to deposit it as the cheque would need to be sent “on collection” and banks charge for this service, which would cost greater than the value of the cheque. Your best bet would be to check with your bank.queenofhearts wrote: ↑ Ok thanks. I’ve read on other sites that some people have had a a time but that was for large amounts. I’ll check with my own bank just to make sure.
Ok. Will do. As it is right now …I’ve let Turkish airlines know I want Canadian funds . But am wondering about some of these foreign currency exchange places?they reputable ?
Forex places won't take a foreign cheque issued in your name. They only deal with cash, drafts (payable to them), or wires.queenofhearts wrote: ↑ Ok. Will do. As it is right now …I’ve let Turkish airlines know I want Canadian funds . But am wondering about some of these foreign currency exchange places?they reputable ?
Be careful - I only have experience with cheques from France, but when banks tell you that the foreign cheques need to go "on collection" with a big huge fee, that is potentially wrong. There is another, cheaper way of doing it, at least with TD and CIBC. Interestingly, TD staff seemed less trained about it than CIBC staff so they were more likely to talk about collections, etc. But I remember one supervisor at CIBC, I think, saying to a confused teller "oh, these, you just do them like a US cheque but key in EUR here instead of where it would normally say USD"
This depends on the cheque and the coding. If the Euro cheque is draw on a "Canadian" or "US" domiciled-bank, then it is fairly easy for the bank to deposit without sending to collections. Have to be careful here because foreign banks also have Canadian branches.VivienM wrote: ↑ Be careful - I only have experience with cheques from France, but when banks tell you that the foreign cheques need to go "on collection" with a big huge fee, that is potentially wrong. There is another, cheaper way of doing it, at least with TD and CIBC. Interestingly, TD staff seemed less trained about it than CIBC staff so they were more likely to talk about collections, etc. But I remember one supervisor at CIBC, I think, saying to a confused teller "oh, these, you just do them like a US cheque but key in EUR here instead of where it would normally say USD"
(Now, one other interesting quirk is that in France, the post office operates a bank. For whatever reason that might have something to do with interbank networks, etc., I have never heard of a Canadian bank accepting a cheque from the French postal bank. But the other more normal banks, sure)
Thanks for all the info. I have yet to receive the cheque cause I haven’t agreed to it. They are giving me 50 euros back when I paid 70 US dollars. They said they I can use it towards another ticket but if I want it cashed I can contact my local ticket office ,..good luck with that! So I’m still in a back and forth with them and I have clearly stated …I paid in US currency and live in Canada. I have no need for a check in Euros. Pay me either US or Canadian funds. It’s taking forever because their “complaint system “ is all through their website’s “feedback portal”. All done on line!xgbsSS wrote: ↑ This depends on the cheque and the coding. If the Euro cheque is draw on a "Canadian" or "US" domiciled-bank, then it is fairly easy for the bank to deposit without sending to collections. Have to be careful here because foreign banks also have Canadian branches.
@queenofhearts Look at the cheque you received. What bank is it issued by? If it is foreign, look at the numbers on the cheque.
If you see something like #####(5 digit)-###(3 digit)-#s[varying amount], it is likely a Canadian-cheque meaning clearing is easy
If you see a #########(9 digits) then a colon, and then a varying length number, this is a US cheque. Should be fairly easy to clear.
Anything else may require sending to collections. A lot of airlines send cheques in local banks or currency. Surprised they sent it in Euros though.
I had a refund from SAS a while back. They sent it on a cheque issued by DeutscheBank, but it was Canadian dollars from a Canadian based account.
The cheques I was talking about were personal cheques written by individuals in France on Societe Generale or Credit Lyonnais accounts. Not sure if there was a third bank, those are the main two I remember. Whatever those banks' Canadian presence may be (and I know SocGen, at least, has a small presence for corporate stuff), we are talking the ordinary personal cheques provided to ordinary retail banking customers in France... and these cheques definitely do not need to go through collections, no matter what some poorly-trained people at TD may occasionally think.xgbsSS wrote: ↑ This depends on the cheque and the coding. If the Euro cheque is draw on a "Canadian" or "US" domiciled-bank, then it is fairly easy for the bank to deposit without sending to collections. Have to be careful here because foreign banks also have Canadian branches.
@queenofhearts Look at the cheque you received. What bank is it issued by? If it is foreign, look at the numbers on the cheque.
If you see something like #####(5 digit)-###(3 digit)-#s[varying amount], it is likely a Canadian-cheque meaning clearing is easy
If you see a #########(9 digits) then a colon, and then a varying length number, this is a US cheque. Should be fairly easy to clear.
Anything else may require sending to collections. A lot of airlines send cheques in local banks or currency. Surprised they sent it in Euros though.
