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  Home >> Special Situations >> Foreign Customers  
Cashing a Foreign Business Check

I received payment from a Mexican customer with a check drawn on a Mexican bank, but in US dollars. Will my business bank cash it?

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This is the kind of question you should ask your bank about, but it will probably require that you either deposit the check or leave it with them for collection. They will probably not cash it for you, but it will depend on the bank's own policy, whether it is drawn on a U.S. office of the Mexican bank, and other variables. If your bank won't accept it for deposit, ask if it can collect it for you and deposit the proceeds of the collection to your account when they are received.

Published on BankingQuestions.com 7/20/09