4 Ways To Transfer Money From Overseas
Many banks in the United States will not cash a foreign check unless it is payable through a bank in the United States. It is expensive. If the American bank accepts the check, they will keep a percentage of the exchange rate. Also, they may charge a foreign-check processing fee. The American bank may impose a hold on the funds. This means the money won’t be available to the recipient until the check clears, which may take days, weeks or months....