Can Canadians cash American cheques?

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Can Canadians cash American cheques?

Rounding it up

  • You can cash and deposit American cheques in Canada, but only if you find a bank that’s willing to work with foreign currencies.

  • Most major banks in Canada will let you deposit or cash a US cheque if you have an account with them.

  • It’s also possible to cash or deposit a Canadian cheque in the US if you have a US bank account; however, you may have a hard time finding a bank that’s willing to accept foreign cheques.

  • Always verify any fees or hold times you may be subject to for a foreign cheque transaction before you accept a US dollar cheque as a form of payment.

6 min read

Gaby Pilson
#cheques#american#canadian

Gaby Pilson

Gaby Pilson is a writer, educator, travel guide, and lover of all things personal finance. She’s passionate about helping people feel empowered to take control of their financial lives by making investing, budgeting, and money-saving resources accessible to everyone.

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