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U.S. Funds on a Canadian Check

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Question: 
If a customer wants to write a check in U.S. funds on a Canadian check, will writing “U.S. funds” on the check instruct everyone involved in the clearing process to process the check in U.S. funds, not Canadian funds?
Answer: 

Unless the preprinted check indicates that it is a US Funds account, I would not accept it.

First published on 09/19/2021

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