I have always insisted on checks that are drawn on U.S. banks.....CitiBank
in NY is pretty common (in other words it will be something like CitiBank of
Tokyo in large print and Citibank of NY in small print)....I have never paid
a fee on those (knock on titanium).
Bruce Kolber
St. Petersburg, FL 33715
USA
----- Original Message -----
From: "Tom Scales" <tscales@xxxxxxxxxxxxx>
To: <olympus@xxxxxxxxxxxxxxx>
Sent: Tuesday, May 15, 2001 11:53 AM
Subject: [OM] [OT] Deposting non-US checks
> I just had a rude awakening. A few weeks ago I deposited a US dollar
check
> drawn on the German bank Volksbank into my credit union. So far, so good.
>
> Just got my bank statement. My credit union charged me $20 to process it.
> Volksbank charged my credit union another $15 to cash their own check!
>
> So, out of a $250 check, I got hit with $35 in fees.
>
> Has anyone else had this problem? It was a first for me. I'm back to
Money
> orders or Cash.
>
> Tom
>
>
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