Withdraw by cheque for UK members? possible information update?
Points2shop is my specialty
Total posts: 1250
Total Earnings: $2259.86
reply date: 2012-05-31 10:57:12
Having noticed a convo in the shout about cheque/check payments to UK members and the fact that currently the cheques/checks are issued in US currency ($), perhaps you should put a note on the withdraw page for UK members stating this and that they are likely to be charged a handling fee by the bank to convert it to UK currency (£).
I am not 100% sure this effects every bank but when i tried to put a cheque/check that was issued (not from p2s) in US ($) into my bank account the bank wanted to charge me a £8 fee for converting it to UK currency.
Just think it would be helpful to uk members to know this info when considering this option.
PS. I am basing this post on my personal experience in trying to put a cheque issued in dollars in my uk bank account. I am not 100% sure about every other bank etc so if i am wrong i apologise.
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Master Of Posts
Total posts: 10044
Date of Birth: 1981-03-18
Total Earnings: $47.49
reply date: 2012-05-31 11:04:47
I'm quite sure all UK banks will charge costs for cashing checks in USD....