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jonnawib
Reacher
Joined: July 17, 2006
Posts: 218
Status: Offline
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 Posted:
Feb 22, 2007 - 09:13 AM |
 
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| Post subject: Bank of America check? |
OK, mind me for sounding silly but I know nothing about checks. Soon I'll recieve an US$ Bank of America check.. where can I get it cleared? I really know nothing about the check world... |
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CoffeeHawk_0
Board Buddha
Joined: July 14, 2005
Posts: 14460
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Feb 22, 2007 - 10:53 AM |
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Have it depositied into a US bank and use your ATM card to get the funds.
BOC, but not ICBC, will accept foreign checks last time I checked (things may have changed recently, 2007 has many new banking laws/changes), but there will likely be a hold put on the check until it clears, ~30 days, and you'll have to pay a large fee. I don't know but Citibank, since it's a US bank here, may provide a better option if you can find a branch. |
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underh20
Shanghai Royalty
Joined: Sep 27, 2006
Posts: 9935
Location: EOA Seminar
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Feb 22, 2007 - 11:28 AM |
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Coffee is correct. For now, only BOC will accept checks drawn on overseas banks. The hold is between 30 - 45 days and they charge a fee of about 50 RMB or less when you present the check and a 1% currency conversion fee if you choose to receive your funds in other than RMB. |
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بارك الله ، بارك الله |
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