has anyone banked a foreign cheque anywhere in egypt?
Posted by Valerie (Member # 6806) on :
Yes..........
Posted by Ki$$7eaven (Member # 7854) on :
and............. Posted by Valerie (Member # 6806) on :
What did you want to know?
Posted by Ki$$7eaven (Member # 7854) on :
Do Egpytian bank accept foriegn cheque ???
Posted by Valerie (Member # 6806) on :
Well...I used Barclays and they took UK cheques but said it will take a month to clear.
If an Egyptian bank they have to be in the 'international' banking group in order that it will be cleared. Some Egyptian banks will only deal with Egyptian people, and then they cannot take foreign cheques, so ask if they have an international section before using them
Otherwise money will have to be transfered via western union
Posted by Ki$$7eaven (Member # 7854) on :
thanks just what I wanted to know....
I wanna give a cheque to an egyptian anyway.... a month to clear is no problem...
you didnt mention anything about fee what will the converstaoin rate be, a lower rate? on the day rate? or a month late rate ?
Posted by Valerie (Member # 6806) on :
I dont know what the charge will be to convert, the rate changes daily, so i should think it will depend on the day its exchanged.........
Posted by Ki$$7eaven (Member # 7854) on :
You used Barclays in Egypt? So did they charge you anything on top? And what conversioon rate you had?
Posted by Valerie (Member # 6806) on :
Has not been cleared yet, so dont know. but when it was banked there was 9.92 EP to £1.00 UK
Posted by Ki$$7eaven (Member # 7854) on :
Ok thanks...
at least I know it's possible....i'll look into it more
Posted by Mimmi (Member # 3606) on :
quote:Originally posted by Ki$$7eaven: Ok thanks...
at least I know it's possible....i'll look into it more
If you want to send money you could use Western Union . easiest and fastest way
Posted by Ki$$7eaven (Member # 7854) on :
Hi,
I dont mind if it takes 2 months to transfer, as long as it get there...
I need the most cheapest method...I hear Western Union fees are outrageous
Cheque sound good so far... Thanks..
quote:Originally posted by Mimmi:
quote:Originally posted by Ki$$7eaven: Ok thanks...
at least I know it's possible....i'll look into it more
If you want to send money you could use Western Union . easiest and fastest way
Posted by Mrs. Doubtfire (Member # 9731) on :
If you send money by Western Union, then you have to pay around thirty quid minimum to send it, and they also pay the same amount at the other end to receive it. The money is converted from Sterling to American Dollars, and then converted again to Egyptian. So you lose out twice on conversion.
So roughly speaking if you send eighty quid from UK to Egypt you pay thirty quid charges, leaving fifty, the receipient gets fifty less another thirty and the conversion charges. In all probability, the recepient will end up with nothing. Posted by Ki$$7eaven (Member # 7854) on :
Posted by Ki$$7eaven (Member # 7854) on :
quote:Originally posted by Valerie: Has not been cleared yet, so dont know. but when it was banked there was 9.92 EP to £1.00 UK
Has it cleared yet Posted by GrumpyGherkin (Member # 4970) on :
Mrs Doubtfire, where do you get some of your information from ?
Yes, Western Union do charge high fees but you are paying for convenience in a quick service. The person sending the money has to pay a fee. This fee is calculated on the amount being sent. If you are receiving the money, it costs no fees to collect and is converted directly into US dollars. Also paid in US dollars.
Posted by Ki$$7eaven (Member # 7854) on :
Fees are about 40 USD
Posted by sonomod (Member # 3864) on :
Can you do EFT from a bank in Egypt to your American bank account?
I would like to forward part of my paychecks to an American bank account to pay bills, like my student loan.
Or does the American Egyptian Bank do that?
Their website doesn't explain much about their services.
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