But that is nice and easy to correct - If someone at the bank just writes "US Funds" on the cheque then it matches their deposit batch perfectly. She defaced the check by writing "US Funds" on it. This seems like a pretty dumb fraud to commit. The cops are unlikely to actually do anything but it will make it easier for you to argue the charge if it gets put through again.
Is that not fraud? However the receiver writing "US Funds" on the cheque is obvious fraud in the they could go to jail for it sense and it is really unlikely your bank is going to pull that money back out of your account now that they have refunded it.
We have absolute proof that "US Funds. If I send a Canadian cheque to a person depositing it in the US there bank does the conversion and it gets deposited to them as an equivalent in US funds IE: One cannot usually write a cheque in a currency that is not the same as the account the money is being drawn from.
My first assumption would be the person who wrote US Funds on the cheque would be a bank or clearing house employee who was struggling to make it all balance so they could go on lunch.
You should expect them to cover all the expenses of their act, including fees you have to pay to reverse the check or similar. What does is what is written on the cheque. They might do it, they might not.
Your bank knows you intended to write the check in Canadian dollars, and should not have honored the transaction for the US bank otherwise. To clarify - it was unquestionably understood by the American and I beforehand that Canadian funds would be sent and that the currency exchange would be covered.
Not Canadian" was written on the check by the American. I would try to settle up via money order or some other more secure device than a personal cheque just to keep it clear that you are not attempting to take advantage. Canadian check to US bank. September 22, Your bank should be able to recommend a more secure method of payment for you.
There in the US where the only place you can do anything with a foreign currency is the FX counter at the airport. Both banks have this proof as well. My first guess in this situation would be that the bank happily took the cheque assuming it was in American funds.
Basically what occurred with your cheque. The receiver can of course still come after you for what you owe. Do you think the payee did this on purpose or that they got confused somehow?
All because, in my experience, bank employees are not usually the sharpest knives in the drawer. Dollars" writing a US to the left of the dollar sign in order to make it explicit and avoid this sort of mess.If the check is drawn an a Canadian bank, and does not specify the currency, then it is assumed to be in Canadian dollars.
Edit: To identify a check clearing through the US Federal Reserve system, every check will have three numbers on the bottom of it: A routing number, an account number, and a check number.
Jun 26, · To write a check, fill in the current date on the line in the upper right corner, the name of the recipient in the "Pay" field, the numerical Writing checks is an easy and important skill every adult should know%(). Get live exchange rates for Canada Dollar to United States Dollar.
Use XE's free calculator to convert foreign currencies and precious metals. XE: Convert CAD/USD. Aug 05, · I am American. If I send someone in Canada a check for $75, made out how I normally write a check, what will happen?
Will they get 75CDN or the CDN equivalent of 75USD on the day they cash it or will they not be able to cash it?
I have always just made out my US check for the USD equivalent. In the amount field I. Convert 60 Canadian Dollar (CAD) to US Dollar (USD) Exchange rates used for currency conversion updated on 26th September (26/09/) Below you will find the latest exchange rate for exchanging Canadian Dollar (CAD) to US Dollar (USD), a table containing most common conversions and a chart with the pair's evolution.
Sep 22, · Not Canadian" is meaningless on the check both because you didn't write it and because the proper way to indicate a US funds check is to write the check in USD rather than dollars (which are assumed to be Canadian dollars).Download