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American banks in uk

Discussion in 'General Business' started by dddougal, May 1, 2006.

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  1. #1
    Hi
    Iv just started to trade in the US and my cheques are now coming in dollars, I live in the UK. Can anybody recommend a bank i can use to put the cheques in or any other method that might be better?

    Any advice will be a help

    cheers
    Ste
     
    dddougal, May 1, 2006 IP
  2. mad4

    mad4 Peon

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    #2
    Try using paypal instead, the fees are about 3% but its so much easier.

    HSBC accept $$ cheques no problem. They charged me £10 to bank a $3000 cheque last week.
     
    mad4, May 1, 2006 IP
  3. Blitz

    Blitz Well-Known Member

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    #3
    This is a right bastard at times.

    I get this a lot (from Clickbank/Adbrite), you need to queue in the bank line and spend like 5 minutes filling in some paperwork for them to verify everything. It doesn't cost much for the service, but it's a lot more hassle, I'm too used to instant internet transactions I guess.
     
    Blitz, May 1, 2006 IP
  4. eyes2005

    eyes2005 Well-Known Member

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    #4
    I am in the same boat, like in uk get US dollar cheques.... it is best to be sent a cheque rather than use paypal,

    there have been many paypal complaints of money Stuck in accounts, and being lost in the cyber world, Why risk that ?

    just get sent a cheque!!

    I USE HSBC - Just open up an account witt them, a debit card account. Each time you go there to put in ur $$ cheque, it wil just take about 7 mins as they have some paperwork to do, but who cares?just wait and it feels better that your account is growing....

    Only setback they charge me £5 for every $500 dollars i deposit....... and like the other guy says a £10 fee for $3000 depositit, but if your buisnes is starting out, are you really going to make $3000 ?

    Jus get Hsbc account dddougal......
     
    eyes2005, May 1, 2006 IP