Just a query regarding Eurocheques. Mostly for the traders this one, but
any advice welcome...
Typically, I have never had to deal in Eurocheques, as most of the orders I
process for Q-Celt come in via the Uk and I usually get UK personal cheques
or bank drafts, and sometimes cash.
However, I recently got an order, and the customer paid by eurocheque.
On going to my bank (which I WORK for!!) I was told there would be a 15
euro charge for processing the eurocheque, plus I would be open to a charge
from Deutsche Bank also (an unknown amount, but probably something similar
to the one my bank were charging) as it would have to be sent to them for
cashing!!
The cheque was for 48 pounds sterling - and nearly half of this would have
gone on charges if I had cashed it.
Is this correct? How on earth are eurocheques therefore usable at all,
unless dealing in huge amounts? Am I doing something wrong?
Not too sure - the position is obviously different now in Eire to the UK - UK banks will no longer accept eurocheques at all !!
--
Rich Mellor
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