Business 22.08.2013 Victor Lavrenko
How to cash a personal check quickly and cheaply
Before I tell you about the most simple and convenient way to cash personal checks, I recommend that you familiarize yourself with the list of banks that are all over the Internet listed as banks accepting checks for collection. In fact, there are much fewer such banks than you can see on other sites and forums. In most cases, information from other resources is already outdated and most banks that once accepted checks for collection have long abandoned this service.
As a result of long ordeals, a small list of banks has been compiled so far, about which it is known for sure whether they cash or not personal checks. If you don’t live in Moscow, then you don’t even have to waste time on local regional banks, in 99.9% of cases these banks do not accept checks of foreign banks for collection.
Banks that do not accept registered checks for collection
This list has been put together to ensure that you don't waste your precious time at banks where you will definitely not be able to cash your checks. In order to find out if the bank accepts checks for collection, a letter was sent to all of the banks listed below or a question was asked by phone of the support service with a question about the possibility of cashing checks, as well as about the conditions and fees charged.
Sberbank— does not accept any checks for collection.
Alfa Bank- does not cash checks of foreign banks (one can say it does not cash checks at all, because Russian nominal checks most likely do not exist at all in nature).
Raiffeisen Bank, he is ImpexBank Doesn't cash checks.
Uniastrum Doesn't cash checks.
Mosoblbank— — does not cash checks.
Rosbank- once cashed out, now does not cash out.
Uralsib- just like RosBank, it no longer cashes checks. From banks:
Promsvyazbank
Bank of Moscow
no response was received, so it can be safely assumed that these banks also do not cash personal checks of foreign banks.
Banks cashing checks
VTB 24— cashes checks on which the phrase “pay to the order of” is present. Usually, such a phrase is indicated on nominal checks. However, VTB24 decided to keep silent about the conditions and tariffs and offered to come with checks to the bank branch.
Citibank— the only bank that provided all the necessary information on cashing personal checks. However, the conditions for cashing out are acceptable only if the amounts of your checks are sufficient to pay back for each check without regret. minimum commission at 25$!
CitiBank terms and conditions for accepting checks for collection:
- CitiBank will cash your checks only after you open an account with CitiBank.
- The check must be in your name.
- Check currency must be in US dollars or euros.
- The check must be issued by a European or US bank.
- The check must be valid for no more than 6 months.
Citibank fee for accepting checks for collection:
- Checks in US dollars - 1% of the check amount, but not less than $25 and not more than $300
- Euro checks — 1% of the check amount, but not less than 20€ and not more than 220€
As you can see, cashing checks through banks is not a good idea. First, you must first find a bank that accepts checks for collection. And even if you are satisfied with, say, CitiBank, then you will have to go to Moscow or to one of the few cities in which there are branches of this bank. Secondly, the commission is rather high to put it mildly and you are unlikely to find banks for more favorable conditions. And finally, thirdly, the number of restrictions and conditions forces us to look for more acceptable options for cashing checks. And thank God there are such options. Read on for one of these options.
It turns out that in order to cash a personal check, you do not need to run around the banks and wait for several months for your money. Half of the work can be done without leaving home, with the help of online service ePayServices and it consists in sending scans of checks via the Internet to this company. The second half of the job is to send the original checks to her physical address by mail, or provide the checks at the company's office.
EPayServices is a payment system that, along with other services, provides check cashing services. EPayService cashes personal checks, checks Google Adsense, Amazon and other companies. Through this payment system you will be able to cash checks of banks in the USA, Canada, Europe, Asia, Latin America in different currencies - Canadian and American dollars, euros, pounds sterling (which, as practice shows, not a single Russian bank can boast of). The service is available to both citizens of Russia and Ukraine and has offices in both countries, in St. Petersburg and Kyiv, respectively.
At ePayServiece, you can cash a check in 1 hour by contacting one of the company's offices.
To cash checks through ePayServices, you must apply for registration in the service. The registration form will ask you where your funds are coming from and who the sender of the checks is to make sure the company can cash your checks and whether it makes sense to open an ePayServices account for you. You will also need to enter your phone number, which will be used for each authorization, just like in online banking. In addition, it will be necessary to indicate passport data and, if desired, data from other documents. Within a day after submitting the application, if everything is fine, you will receive an e-mail notification about opening an account with ePayServices, in which your login details will be indicated.
As soon as you log into your account, you can immediately send scans of checks to the site to accept them for cashing. For this operation, go to the iCheck section. On the page for uploading scans, you will see all the requirements for uploaded checks and the conditions for their processing. Once the scanned copies of receipts are accepted, you will be notified and you will need to send the original receipts by registered mail to the company's office, the address of which is also indicated in the iCheck section.
Terms of cashing checks in ePayServices
Terms of cashing checks depend on various factors - the amount of the check, the bank that issued the check, your rating in the system. For checks issued by US banks, the cashing time is from 2 to 20 days, for checks from banks in other countries - 30 calendar days.
Commission for cashing checks in ePayServices
The commission for cashing out is also not the same for everyone. ePayServices provides two tariffs "Basic" and "Premium", there is also a cumulative discount for the service commission. For new users on the "Basic" tariff, the commission is 3-5%. More detailed conditions You can find out on the website of the payment system.
Most likely, you already have a question about how safe it is to use the ePayServices payment system to cash checks. EPayServices is not an ordinary one-day exchanger, but an officially registered company in the United States and has all the necessary permissions and licenses for cashing checks from third parties, the details of which are indicated on the site. If you are afraid to send checks by mail to ePayServices, read more about this service on the official website, as well as reviews from other clients of this company. And of course, send checks by certified mail so that if lost, they can be tracked. By the way, ePayServices has the ability to cash checks that are lost along the way.
After buying a car at an auction in America, small amounts remain Money, the so-called "tails". Auctions do not like to return them, offering to credit them for account renewal or leave them until the next purchase, and if you have made a purchase of one car and do not plan to participate in the auction in the future, then the desire to return your hard-earned money will triumph.
In my practice, there were no refunds and I decided, as an experiment, to try to return a certain amount from my balance in my account. To expedite the process, I called the States and asked for a senior manager in charge of Russian region, how to do it. I was asked to confirm by e-mail my Moscow postal address and that's it.
As you understand, I encountered various problems at auctions and naturally I know the administrator of the auction and they know me and maybe it’s easier for me to decide something (by the way, they asked no one not to recommend a refund), and you, as a beginner, can be “downloaded” .
Know, no matter how you are persuaded, the money must be returned and will be returned, but not money to your bank account, but in the form of paper that is not understandable to everyone, in a simple postal envelope called "American Check". As I assume, you have not often encountered this, which is why I am writing instructions for cashing American checks.
Actually it is complete payment document and in all countries of the world it is unconditionally accepted for payment, while taking a few minutes of time. We have our own way and the attitude of banks to such securities, to put it mildly, is not friendly.
To summarize and draw conclusions:
1. If your mailbox is broken or not only you “visit” it, open a temporary mailbox at the nearest post office, but only at the address indicated during registration at the auction.
2. Do not ask to send a check by registered mail, it will take even longer. Ask on the check to indicate a longer period for cashing out or not to indicate at all.
The information is current as of July 2010.
The address of the branch where I made the transfer: Moscow. Prospekt Mira 120/1 (M - Alekseevskaya) Bank - Moscow.
Since 2011, withdrawing money from the auction has become much easier.
The entire amount is returned to your foreign currency account in Russian bank and within one business day. To do this, you must have or open a foreign currency account in any bank (where you can open a foreign currency account!) And send, by e-mail details, the auction manager.
Example:
account name: ALEKSEY SILAEV (your initials)
account number: 40817840800000005892 (your account number)
bank name: RUSSIAN REGIONAL DEVELOPMEN BANK (PJSC "RRDB" - the name of your bank in English)
Swift: RRDBRUMM Account No. 400940760 (information about the bank in the Swift system)
Correspondent Bank name: JPMorgan Chase Bank, New York swift: CHASUS33 ABA 021000021 (correspondent bank)
These four lines are enough to receive money within a day, given the time difference between the US and the Russian Federation.
| Bank | Commission | Term |
| RUSSIA In accordance with the current currency legislation of the Russian Federation, when depositing checks in excess of US$ 5,000.00 or an equivalent amount in another currency, you will need to submit documents justifying the transaction to the bank. |
||
| Acceptance of registered bank checks for collection: Moscow | ||
| Citi-Bank (www.citibank.ru) | 30-90 days | |
| VTB | - | |
| Promsvyazbank | Does not accept checks for collection | - |
| Alfa Bank | Does not accept checks for collection | - |
| Uralsib | Does not accept checks for collection | - |
| Raiffeisen | Does not accept checks for collection | - |
| UniCredit Bank (Unicredit) | Does not accept checks for collection | - |
| Binbank | Does not accept checks for collection | - |
| Bank of Moscow (www.bm.ru) | Bank commission - 2% of the check amount, but not less than 350 rubles. For collection, checks are accepted in US dollars, euros, British pounds sterling. The commission is paid directly upon delivery of the check for collection. In case of non-payment foreign bank check, the commission paid to the bank is not refundable. To return a check for collection, you need to apply to any branch of the Bank, having a check and an identity document with you. | ? |
| Acceptance of registered bank checks for collection: Rostov-on-Don | ||
| Citi-Bank (www.citibank.ru) | Bank commission on checks in US dollars - 1% of the check amount, min. - 25, max. - 300 US dollars For cheam in euros - 1% of the check amount, min. - 20, max. - 220 euros. Carefully read the bank's terms of service! | 30-90 days |
| Center-invest | Does not accept checks for collection | - |
| Bank Zenith | Does not accept checks for collection | - |
| VneshTorgBank | Bank commission - 3%, but not less than $15 and not more than $300. The commission is paid upon delivery of a check for collection in rubles at the exchange rate of the Central Bank. For collection, checks are accepted in denominations from $25 to $5,000. Without problems, they accept, for example, checks of German banks in euros, checks of Canadian banks in US dollars. The account is opened free of charge. | 45 days |
| Sberbank, Bin-Bank, Petrocommerce | Checks for collection are not accepted | - |
| Uniastrum | Bank commission - 1.5% of the check face value; min 10 - max 200 USD from each check. In EURO and other currencies: 1.5% of the nominal value of the check min 10 - max 200 euros from each check. At the time of receipt of checks for collection, only minimum amount commissions in accordance with the Bank's tariffs (10 USD/EUR). In case of non-payment by a foreign bank of a check, the commission paid to the bank is not returned to the client. For cashing out received funds, when issuing cash, 2% of the amount is charged. | ? |
| Rosbank | Bank commission - 2% of the face value, min 30 USD | ? |
| RosEvroBank (SovKomBank) | Acceptance for collection of any nominal bank checks in any currency. Bank commission - 2% of the face value, min 30 USD | up to 3 weeks |
| Converse Bank | Commission $5 if the check is less than $200, $20 if the check is more than $200. Check back $9.5. | 3 weeks |
| Promradtechbank | $9 from one check, $7 if there are more than one checks. The money is deposited into your account (open for free). When withdrawing from the account + 2% of the amount. Myasnitskaya, 35, tel 207-91-57 | 2 - 3 weeks |
| Marine Bank (Marine Joint Stock Bank) | 0.15% of the amount, min $50, max $400; return of unpaid checks - $100 | ? |
| Bank Sofia | 0.15%, min $15. Return of an unpaid check - $20. Delivery by DHL at the expense of the recipient. Commissions are charged upon receipt of money. | 2-4 weeks |
| Shipbuilding Bank | 3%, minimum $50.00 | 2-4 weeks |
| Bank for Development and Reconstruction | $50 + 2.5% of the amount | ? |
| AB Russia | Acceptance for collection of checks in US dollars: Bank commission - 2% of the face value of the check; min 5 USD from each check. The amount of the minimum balance on the demand account in foreign currency- 15 USD for each check. Penalty for non-payment of a check - 15 USD. Acceptance for collection of checks in euros and other currencies: Bank commission for checks - 2.5% of the face value of the check, min 15 euros from each check. The size of the minimum balance amount is determined depending on the currency of the demand account on which it is placed and the number of checks transferred for collection: for an account in US dollars - 30 USD per check, for an account in euro - 30 EUR per check. Penalty for non-payment of a check - 30.00 USD, 30.00 EUR. | ? |
| Acceptance of registered bank checks for collection: St. Petersburg | ||
| Bank "Russia" | 2% of the check. Account opening $100 (almost immediately you can withdraw everything), no collateral. Smolny, per.Kvarnegi, 4 | 1-3 weeks |
| Baltic Bank | $5 + $3 shaft. account (Flour, 2) | 1 month |
| Petrovsky Bank | 2%, but not less than $10. (Nevsky prospect, 26, Mikhailova st., 17) | 3-4 weeks |
| Acceptance of registered bank checks for collection: Ufa | ||
| Bashcreditbank | Taking for collection: 0.15% of the amount, minimum $50. Postage: $5-10 by regular mail, $40-50 by DHL. Per issue: 2% of the amount, minimum $10 | 2-4 months; by DHL - 1-4 weeks. |
| BELARUS | ||
| Acceptance of registered bank checks for collection: Minsk | ||
| Prior Bank | 4% of the amount (min. $10) + 5% tax | 1.5 - 2 months |
| UKRAINE | ||
| Bank Aval (www.aval.ua) | 1% of the amount when credited to the account, 2% of the amount (min $5) | When issuing cash 50 days |
| Privatbank (www.privatbank.ua) | 3% of the amount, (min 20 UAH) | 1.5 months |
| JSC "VABANK" (www.vabank.ua) | 1 min. 5 dollars USA. Cash withdrawal on checks accepted for collection 1% | ? |
| WAT CB "NADRA" (www.nadra.com.ua) | Acceptance and processing of personal checks in USD for collection issued to banks in the USA and Canada: Amount over 3001 USD - 1.50% (min $50.00), Amount up to 3000 USD - 2.00% (min $2.00, max $50.00). Commission is charged in USD Acceptance and processing of personal checks in USD for collection issued to other banks: Amount over 3001 USD - 1.50% (min $50.0), Amount up to 3000 USD - 2.00% (min $2.00, max $50.00). Commission is charged in USD Acceptance and processing of personal checks in EUR for collection: Amount over 3001 EUR - 1.50% (min 50.00 EUR), Amount up to 3000 EUR - 2.00% (min 2.00 EUR, max 50.00 EUR). Commission is charged in EUR | ? |
| JSC "UKRINBANK" (www.ukrinbank.com) | Acceptance for collection of personal checks: 2% of total checks, min USD 10.00 | ? |
| VAT "DERZHEKSIMBANK UKRAINE" (www.eximb.com) | 2% of sums indicated in checks, min. 1 USD | ? |
| TOV "FINANSI TA KREDIT" (www.fcbank.com.ua) | 2%, min $5 | ? |
| JSCB "IMEXBANK" (www.imex.odessa.ua) | Payment of personal checks 2% (min $5) | ? |
| JSC "INDEX-BANK" (www.indexbank.ua) | Acceptance and processing of personal checks for collection in USD, EUR and GBP: 2.00% of the amount, min 5 USD (charged when covering the check). When accepting personal checks for collection, a guarantee security in the amount of 20 (twenty) US dollars is placed, which is returned upon reimbursement of the amount on a personal check according to the NBU exchange rate on the day of the operation. | ? |
| PRAVEX-BANK (www.pravex.com) | Personal and traveller's checks are accepted in the following currencies: USD, EUR, GBP, AUD, CAD, CHF, DKK, JPY, NOK, SEK. Payment in US dollars, Euros or in British pounds minus commissions of foreign banks and Pravex-Bank. | 30-40 days |
| BANK "STOLYTSIA" (www.stolytsa.com.ua) | 1.5% (min 10.00 USD) | ? |
| VAT "KREDITPROMBANK" (www.kreditprombank.com) | Cash withdrawal by order, nominal and gift checks accepted on the terms of "collection": 3%, min 10 USD | ? |
| First Ukrainian international bank(www.fuib.com) | 1% of check amount (min $30) + postage | ? |
| Saving Bank | 2% of the amount | 2-4 weeks |
| Ukreximbank | 3% of face value | ? |
| Ukrsotsbank | 5%, minimum $35 | ? |
| LATVIA | ||
| Acceptance of registered bank checks for collection: Kyiv | ||
| Hansabanka | For a check up to $200 - commission 5.00 Ls, for a check >$200 - commission 10.00 Ls. The commission is withdrawn at the moment the check cover is credited to the account. | 21 day |
Nominal bank check- it is non-emissive security issued to a specific person, natural or legal entity abroad, and paid in foreign banks. The check must be printed. The inscriptions Void, Copy, ... are clearly visible on the photocopies.
The inscription on the check "void after 180 days" means that the check is invalid after 180 days. After six months have passed, cashing a check is extremely difficult. Although some banks carry out such a procedure for an additional fee.
The check must contain the following details:
- Name "check" included in the text of the document Date, month, year and place of drawing up the check Name of the drawer (payer) Name of the check holder (recipient of funds) sum of money, check currency code, check amount (in figures and words) A simple and unconditional offer to pay a certain amount Magnetic strip containing information about the number of the check, the code of the paying bank for the check, the account number of the drawer of the check Place where the payment on the check is to be made Signature of the person who issued the check (payer)
In addition to the commission of banks accepting checks for collection, the client must pay the bank a commission of foreign banks (if any). As a rule, you receive the amount to your account minus the commission of foreign banks.
Commission for the collection of a check can be charged both when the check is deposited for collection, and when funds are credited to the account.
It usually takes 10-20 days for a check to be mailed.
For operations in the direction of the collection of counterfeit or stolen checks, criminal liability is provided.
Sberbank of Russia temporarily(?) does not accept personal checks for collection.
In all developed countries It takes a few minutes to cash a check. At the same time, the commission is often much less than in Russian banks.
If you have friends or acquaintances in the US, you can cash checks through them. Just write on the back "Pay to the order of Vasya Pupkin" and sign. Vasya Pupkin will be able to cash this check in American bank is free.
What banks do you use to cash checks?
overheard in Anninsky district:
More than 230 tons of milk per day is now produced on farms and complexes in the Anninsky district
The check is bank document, confirming the desire of the account holder to pay a certain amount of money to the bearer. In Western countries, it is one of the types of wages, and is also used, along with bank cards, to receive earnings for participation in affiliate and sponsorship programs. The check is mailed to specified address, after which it must be cashed in one of the branches of the Bank of Russia.
But, sadly, almost none of the banks in Russia accept order checks from individuals. Banks, most likely, are much more profitable to issue loans at exorbitant rates, and to fulfill settlement and cash services legal entities and individuals
affiliate program Google Adsense allows owners to monetize their web resources. But cashing a personal check in Russia is a serious problem. A year earlier, personal checks for collection were accepted by the bank VTB 24. By the way, with a fat commission, but accepted. In 2017, VTB24 Bank stopped accepting order checks from individuals for collection. Do not accept checks for collection and such financial giants countries like Sberbank and Alfa-Bank. Promsvyazbank from November 10, 2014 does not accept personal checks of foreign issuers for collection, Rosbank currently also does not work with checks. Included, along with the above, in the top ten best banks in Russia, Post Bank and UniCredit Bank with travelers checks and checks for collection also do not work.
The only one who provides this service –Citibank. But he accepts for collection personal checks in foreign currency only from bank customers, that is, from those individuals who have their own personal account with this bank. Cashing a check is carried out only at bank branches in Moscow and St. Petersburg, and with a good commission.
Possible risky way to get real money through services ePay Service and eCoins. The main thing is to be sure that the letter with the check will not mysteriously disappear and will be delivered to the specified address.
With a check from Google, you can currently receive money earned from advertising through post office using the system Rapida. Rapida is a payment system that allows you to receive AdSense payments worldwide in cash through the system money transfers Rapid. At the post office, this system is called Cyber Money. But if you have friends and acquaintances in the country where the check was issued, ask them for help.
To ensure the safety of funds during a trip abroad, you can purchase traveler's checks.
What are travelers checks?
Traveler's check is financial instrument representing the obligation of the issuing company American Express pay the amount indicated in the check to the owner based on the sample of his signature.
What are they needed for?
- Free recovery
If lost, stolen, or damaged, Traveler's Checks can be recovered in the country where you are located, provided that all terms of the Purchase Agreement have been met. Contact the American Express refund center for advice.
- Ease of use
Road American checks Express are issued in various denominations in euros (50, 100, 200, 500) and US dollars (50, 100, 500).
- Unlimited validity
Already purchased traveler's checks do not have to be used for one trip - they can be kept at home as long as you like until the next trip, since the validity of traveler's checks is unlimited.
- Practicality in use
American Express traveler's checks are widely used around the world (except for countries covered by economic sanctions USA). You can exchange them for cash in local currency at many banks and exchange offices. In a number of countries shops, restaurants and hotels accept checks themselves. In any case, you must have your passport with you.
- No export restrictions
According to the legislation of the Customs Union of Russia, Kazakhstan and Belarus, it is allowed to export any amount in traveler's checks abroad. At the same time, it is important to declare them in writing if the total amount in traveler's checks and cash equivalents exceeds 10,000 US dollars.
How to use American Express travelers checks
To cash signed American Express Traveler's Checks, you must present your passport to the cashier and, in his presence, put a second signature in the lower left corner of each check. The cashier will compare the identity of the signatures and check the status of the checks in information base American Express, after which it will issue money in rubles or another currency.
When cashing American Express traveller's checks at Svyaz-Bank, a fee is charged in accordance with the bank's tariffs for operations with traveler's checks for individuals. We recommend that you clarify in advance the information related to the conditions for accepting and cashing American Express traveler's checks.
Information on the terms of cashing out can be clarified by calling the Moscow phone +7 495 9-333-111 and the American Express information service toll-free for Moscow and regions of Russia 8 800 200-222-0. The information service is open daily from 9:00 to 22:00 (Moscow time).
