I deposited some traveler's checks drawn on a foreign bank. How long should I wait to be sure they are good?
Untitled
When foreign banks are involved, wait several weeks. Some checks drawn on Canadian banks have taken eight weeks to be returned. Foreign banks are not subject to the same laws that U.S. banks are, and international check collection is not terribly efficient.
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When foreign banks are involved, wait several weeks. Some checks drawn on Canadian banks have taken eight weeks to be returned. Foreign banks are not subject to the same laws that U.S. banks are, and international check collection is not terribly efficient.
