I recently got a check for 5k dollars from my grandparents who live in the US and my bank does let me deposit it into my account however it’ll take around 40 days for it to clear plus the bank is gonna take a portion of it as a commission (don’t know how much exactly but the lady that helped me did say it was gonna be a lot considering how much I’m getting) Is there a faster way to get the money into my account? Sales are gonna be done by the time it clears, and I don’t want to bother my grandparents with this since they’re super old now
I don’t have a bank account in the US since I’m not from there so I honestly have no idea what to do besides wait the 40 days.
a check is a non thing in europe , i once received one and tried to cash it but it takes months + a lot of costs and since almost no bank is used to dealing with paper cheques its basically a thing of the past (if it ever was a thing in europe)
bank to bank electronic transfer is cheap, fast , safe etc so maybe send the checque back to your GP’s just to make sure you dont loose 10% in costs and just ask them to do an electronic transfer ?