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Yes you can deposit it. The same thing applies for all banks. You have to have a valid form of ID. In an overseas bank I would suggest a passport. It may be put on a 5 to 11 day hold, depending on their rules.
Cheques in currencies other than the local currency are accepted as deposits by all banks provided you have a valid identity proof and income proof for the same. Also you might be charged a fee for depositing the money into your account since the transaction is in a different currency. The value of the money deposited will be in local currency based on the prevailing currency conversion rates.
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∙ 14y ago
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Why does the bank freeze checking account after over 100k was deposited from overseas?
They do not have to let you have the funds until they have verified that the deposit is good. If the money came from any bank in the US, it should be available within 3 days, but for a deposit coming from a foreign country it could take a week or more. Homeland Security may also get involved if a large deposit comes from overseas.
Interest rate on recurring deposit in Indian overseas bank?
interest rate of recurring deposit in iob
Can you deposit bank of America check to bank in the Philippines?
no
If cashed a cashier check at the bank when can you get your full amount you deposit?
how long it take to receive your money from the cashier check you deposit in bank of America bank
Is a check deposit a liability to the bank?
No
Do you need a foreign bank account to deposit your lottery winnings?
No
If a check is issued to A B and C can A alone deposit the check in his own bank account only?
Yes. As long as the check is not being cashed, the bank can stamp the check and deposit it.
Can you cash a check issued by JP Morgan chase at Bank of America?
It depends:If you want to get cash directly from the check without having to deposit it into your bank account - NO. You can do that only from JPMC bank branchesIf you are planning to deposit the check into your bank account - YES, you can deposit the check into your account that is held with any bank across USA
Can a bank freeze a new account?
Yes. If the opening deposit is a check, they will probably not let you withdraw very much of it until the check has been accepted by the issuing bank. That could be overnight or a few days if the other bank is in the US, or several days if it is drawn on a foreign bank. If the deposit is a sight draft or other collection item, your account will not even be credited with the deposit until it has been collected. If you open the account with a cash deposit, the funds should be available immediately.
How do you encash checks?
You can do it in many ways:Walk into the bank branch that issued the check and cash it directly by providing a photo identity proofWalk into an ATM and deposit the check into your bank accountWalk into the bank branch (any bank that you have an account with) and deposit the check into your bank account
Can you deposit cash at Indian overseas bank account without having sbi account?
i have put in my money in gulf country and same time transfer in tamilnadu Indian overseas bank account
Is a cashiers check insured by the fdic?
It depends on if the bank is a member of the Federal Deposit Insurance Corporation or not. If you get a cashiers check from a bank that is insured by the Federal Deposit Insurance Corporation, then that check is insured.
