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.
You can ask them to do a wire transfer. There are some extra steps and international codes but they can go into their US bank for assistance. It will not be hard for them. It should get into your bank account in just a few days. We’ve done wire transfers to Mexico. To get money to my daughter in the UK, we maintain a joint checking account in the US, with just the minimum in it. I transfer money into that account and she transfers it to her Charles Schwab account, which gives her both US and UK access. Goes in as USD and comes out in London as GBP.