Personal Finance

How to tell if cheque is in USD or CAD?

  • Last Updated:
  • Aug 17th, 2019 1:31 am
[OP]
Deal Expert
Mar 23, 2004
29353 posts
9941 upvotes

How to tell if cheque is in USD or CAD?

I searched and found some threads dealing with depositing USD cheques in Canada but didn't see any mention of how to tell what currency a cheque is in.

I recently received a rebate cheque and I suspect it is in USD but I'm not sure if there's any way to tell. The rebate was offered in both US and Canada but the cheque comes from the US regardless of where you claim. The rebate promo pages/forms also never mention currency.

The cheque I received is from a US bank from the looks of it (came from US, the payee is from MI, and the bank is Comerica Bank). But it just says the dollar amount and no mention of currency. I suspect had I claimed the rebate in the US, I would have received the exact same cheque, so I think it has to be in USD, no?

Is there any way to tell from the cheque what the currency is in, or is it assumed if it's drawn from a US bank and says nothing about currency that it's in USD?
8 replies
Deal Fanatic
Jan 21, 2014
5673 posts
3130 upvotes
From US bank then it’s $US
Deal Addict
Jul 28, 2012
1028 posts
449 upvotes
Trois-Rivières, QC
Another way of checking (no pun intended) is to look at the format of the encoding line at the bottom.

Image
(Source: Digitalcheck.com)
Deal Addict
Dec 16, 2017
2542 posts
1037 upvotes
CND Brain & Hear…
check/cheque is always in DOMESTIC currency unless specified.

you got your answer
Give me a J. I'm a maniac and an African expert.
Penalty Box
User avatar
Dec 16, 2015
2805 posts
2473 upvotes
Toronto
If u rub it and it turned blue you know its USD. If red genie its CAD.
To the moon
[OP]
Deal Expert
Mar 23, 2004
29353 posts
9941 upvotes
Cool thanks guys, matches up with all the stuff saying it is in USD :) Now can I just straight up cash this at my bank for the money in USD or will I need a USD account for that? I mean instead of having to convert it to CAD and having the bank take "their cut" for the conversion.
Deal Addict
Jul 22, 2019
1543 posts
1669 upvotes
ES_Revenge wrote: Cool thanks guys, matches up with all the stuff saying it is in USD :) Now can I just straight up cash this at my bank for the money in USD or will I need a USD account for that? I mean instead of having to convert it to CAD and having the bank take "their cut" for the conversion.
They give you the spot rate of conversion at the moment. I think they also hold the cheques for a couple of weeks until it clears. If you put it in USD account should be fine
Deal Addict
Jul 13, 2007
1068 posts
570 upvotes
Toronto
ES_Revenge wrote: Cool thanks guys, matches up with all the stuff saying it is in USD :) Now can I just straight up cash this at my bank for the money in USD or will I need a USD account for that? I mean instead of having to convert it to CAD and having the bank take "their cut" for the conversion.
In my experience, it depends on how nicely you ask.

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