Skip to content
BOL Conferences
Learn More - Click Here!

Thread Options
#1152723 - 03/27/09 02:34 PM On us check payable in Canadian Funds
thomasj Offline
Power Poster
Joined: Mar 2001
Posts: 5,063
Pennsylvania
We have never had this happen and we do not know how to handle this. I was asked this question as a last resort as it is far outside my area of responsibility.

We have a commercial customer who is traveling to Canada and they need a check payable in Canadian funds, like a check on their account or a cashier's check/money order. How do other banks handle this? Can they issue a check on their account and indicate "Canadian Funds" in the amount? Would the Canadian bank accept it and encode it as such? I am totally stumped. We have all seen Canadian checks payable in US Funds, but I have never had a customer request this before.
_________________________
Knowledge is knowing what to say. Wisdom is knowing when to say it.

Return to Top
Operations Compliance
#1152771 - 03/27/09 02:54 PM Re: On us check payable in Canadian Funds thomasj
edAudit Offline
Power Poster
edAudit
Joined: Jul 2008
Posts: 4,796
You are here
In the past we offered "Foreign Drafts' issued from a correspondent bank
_________________________
Opinions can be considered as coming from anywhere but my employer.

CAMS


Return to Top

Moderator:  Andy_Z, John Burnett