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05-17-2003, 07:52 PM
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#1
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quotealex
should edit this
Senior Member
Join Date: Mar 2003
Location: Montreal
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Can you deposit your US cheques in your Canadian ATM?
I'm getting tired of waiting in line twice a week just so a bank teller can deposit my US cheques into my US bank account. If you know of a Canadian bank that allow ATM deposit of US cheques, please list it here.
Thanks
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05-17-2003, 08:15 PM
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#2
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Funbrunette
is Travelling the
world!
CORRUPTED ADMIN!!!!!
Join Date: Aug 2002
Location: Montreal
Posts: 8,933
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Re: Can you deposit your US cheques in your Canadian ATM?
Quote:
Originally posted by quotealex
I'm getting tired of waiting in line twice a week just so a bank teller can deposit my US cheques into my US bank account. If you know of a Canadian bank that allow ATM deposit of US cheques, please list it here.
Thanks
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I wouldn't suggest it...
Open a US account...It's the best and fastest way to go! ![Wink](images/smilies/wink.gif)
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05-17-2003, 08:25 PM
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#3
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quotealex
should edit this
Senior Member
Join Date: Mar 2003
Location: Montreal
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Re: Re: Can you deposit your US cheques in your Canadian ATM?
Quote:
Originally posted by Funbrunette
I wouldn't suggest it...
Open a US account...It's the best and fastest way to go!
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I have a US account at RBC. However, I need to go thru a teller to deposit US cheques.
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05-17-2003, 08:27 PM
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#4
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Funbrunette
is Travelling the
world!
CORRUPTED ADMIN!!!!!
Join Date: Aug 2002
Location: Montreal
Posts: 8,933
xBucks: 265,872
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Re: Re: Re: Can you deposit your US cheques in your Canadian ATM?
Quote:
Originally posted by quotealex
I have a US account at RBC. However, I need to go thru a teller to deposit US cheques.
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That's the only way for now...It sucks I know I go through the same thing every time I get a US cheque! ![Roll Eyes (Sarcastic)](images/smilies/rolleyes.gif)
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05-18-2003, 02:29 AM
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#5
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webgurl
should edit this
Senior Member
Join Date: Dec 2002
Location: Canada, Vancity
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I don't know of any Canadian Banks that Will let u make deposits with American Funds . ( Through Machines that is )
What u can do is wait for a bigger bundle of cheques and make the deposits all at once, instead of depositing everytime u get a cheque or 2 that will eliminate the times so u don't have to go so frequently . ![Smilie](images/smilies/smile.gif)
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05-18-2003, 11:31 AM
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#6
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quotealex
should edit this
Senior Member
Join Date: Mar 2003
Location: Montreal
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If only I got one or two large amount cheque per week! Unfortunately, I use a bunch of sponsors (over 100) so I get alot of small amount cheques each week; and the more cheques you bring to the teller, the longer it takes her/him to processs.
Quote:
Originally posted by webgurl
I don't know of any Canadian Banks that Will let u make deposits with American Funds . ( Through Machines that is )
What u can do is wait for a bigger bundle of cheques and make the deposits all at once, instead of depositing everytime u get a cheque or 2 that will eliminate the times so u don't have to go so frequently .
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05-18-2003, 09:25 PM
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#7
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WiredGuy
should edit this
Member
Join Date: Sep 2002
Location: Waterloo, Ontario, Canada
Posts: 48
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I used to use the RBC ATM to deposit checks before I incorporated. Basically, you make sure its absolutely clear that its USD your depositing, circle the currency on the check, on the envelope write USD, etc. etc... You then treat it as a canadian check entering the amount on the check and when they open it, they'd adjust the currecy exchange (this was for depositing USD into a Canadian account). I wouldn't recommend doing this really but it does work...
WG
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05-19-2003, 06:50 AM
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#8
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skillfull
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i heard that royal bank is doing that, but its take around 1 week, maybe you could ask someone from here ?
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05-20-2003, 10:07 AM
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#9
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Easton
is a content producer
Royal Vault
Join Date: Dec 2002
Location: Phoenix, AZ
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Re: Can you deposit your US cheques in your Canadian ATM?
Quote:
Originally posted by quotealex
If you know of a Canadian bank that allow ATM deposit of US cheques, please list it here.
Thanks
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CIBC... dunno if it started yet, but it is coming very soon if it hasn't already begun
__________________
New models booked and shot every week... MILFs, pornstars and teens. Girls for every niche and project.
Looking for high-quality affordable exclusive content? Check me out at Easton Content for all the details.
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05-20-2003, 12:56 PM
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#10
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quotealex
should edit this
Senior Member
Join Date: Mar 2003
Location: Montreal
Posts: 260
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Re: Re: Can you deposit your US cheques in your Canadian ATM?
Quote:
Originally posted by Easton
CIBC... dunno if it started yet, but it is coming very soon if it hasn't already begun
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I don't think they did, at least not in Montreal. My girlfriend as a US account there, and she goes to the same bs as I do. At lease she likes going outside during the day while I prefer to stay in my home until sunset ![Smilie](images/smilies/smile.gif)
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05-20-2003, 01:00 PM
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#11
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Easton
is a content producer
Royal Vault
Join Date: Dec 2002
Location: Phoenix, AZ
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Re: Re: Re: Can you deposit your US cheques in your Canadian ATM?
Quote:
Originally posted by quotealex
I don't think they did, at least not in Montreal.
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then it's coming... this summer - you'll see
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05-20-2003, 01:29 PM
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#12
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dyonisus
is Supreme Soul Rider
Soul Rider
Join Date: Nov 2002
Location: Surf City USA
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I deposit weekly into my acount through ATM and nothing goes wrong, the conversion happens a few days later when the funds are released.
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05-20-2003, 03:07 PM
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#13
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PaulSweet
should edit this
Senior Member
Join Date: Nov 2002
Location: Vancouver, Canada
Posts: 109
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I have deposited american checks through ATM no problems. I don't try to calculate the exact amount in canadian though, I've just deposited them in and the bank adjuststhe amount. I've also had no holds on them.
I've never done this for anything more then $100 cheques though.
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05-20-2003, 03:54 PM
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#14
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Ronaldo
is only editing this
because Chris is a
jackass
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Quote:
Originally posted by PaulSweet
I have deposited american checks through ATM no problems. I don't try to calculate the exact amount in canadian though, I've just deposited them in and the bank adjuststhe amount. I've also had no holds on them.
I've never done this for anything more then $100 cheques though.
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If I was going to deposit through the ATM, I probably WOULD make a calculation just so the tellers would look twice at the currency on the cheques.
But, I've been told I can't deposit them other than through the teller or through the night deposit.
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05-20-2003, 04:30 PM
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#15
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Easton
is a content producer
Royal Vault
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anyways, it won't matter soon... you're gonna wish sponsors pay in C$
LOL ![Big Grin](images/smilies/biggrin.gif)
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05-20-2003, 05:10 PM
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#16
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quotealex
should edit this
Senior Member
Join Date: Mar 2003
Location: Montreal
Posts: 260
xBucks: 6,413
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Quote:
Originally posted by Easton
anyways, it won't matter soon... you're gonna wish sponsors pay in C$
LOL
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I think it is time for me to start looking for more offshore sponsors paying in euros ![Big Grin](images/smilies/biggrin.gif)
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05-23-2003, 01:27 PM
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#17
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quotealex
should edit this
Senior Member
Join Date: Mar 2003
Location: Montreal
Posts: 260
xBucks: 6,413
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I just had a meeting with my bank rep at RBC. According to him, we will be able to deposit US cheques at the newer ATMs starting this September. ![Smilie](images/smilies/smile.gif)
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05-23-2003, 01:55 PM
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#18
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StuartD
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I use Royal Bank and ALWAYS put my US checks into the ATM machine... it goes in at the value I enter, and then a day or two later there'll be an update to my account that converts it from US to Canadian funds.
I've never had a problem doing it that way... I always do and still do it that way.
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05-23-2003, 02:03 PM
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#19
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Phoenix
should edit this
Senior Member
Join Date: Oct 2002
Location: Toronto
Posts: 236
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Quote:
Originally posted by Easton
anyways, it won't matter soon... you're gonna wish sponsors pay in C$
LOL
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it is sad that i hope you wre wrong...but most liekly now...i think the dollar will remain strong..and settle near 1 us = 1.23 cdn
wild guess..not based on factual info
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05-23-2003, 02:04 PM
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#20
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quotealex
should edit this
Senior Member
Join Date: Mar 2003
Location: Montreal
Posts: 260
xBucks: 6,413
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Quote:
Originally posted by StuartD
I use Royal Bank and ALWAYS put my US checks into the ATM machine... it goes in at the value I enter, and then a day or two later there'll be an update to my account that converts it from US to Canadian funds.
I've never had a problem doing it that way... I always do and still do it that way.
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I have talked to a few reps about depositing US cheques in a US account via an ATM and they all told me it can't be done because the machine is not set to handle US funds. But starting this september, they will get new ATM/software that will make it possible to deposit (and possibly withdraw) US funds and even exchange between US and Canadial dollars.
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