I have a cheque from a UK Bank I need to deposit. I live in Canada. The funds on the cheque are in USD. My Canadian Bank isn't able to accept the cheque since the funds are issued by a UK bank but not in GBP.

The bank is Lloyds and they do not have a Canadian branch.

Any guidance on how I may resolve is appreciated.

  • When you say “cheque from a U.K. bank” do you mean a cashier’s cheque or a personal cheque? – Vicky Nov 4 '20 at 23:54
  • Some Canadian banks will allow you to open USD accounts. – DJClayworth Nov 5 '20 at 2:55

You haven't said the value of the cheque, which obviously matters a lot. Nor have you stated the bank you use.

Generally a bank will be able to cash foreign cheques, but it's probably more complicated because of the foreign currencies.

When I had a similar situation, I opened a US$ account and was able to deposit the cheque there.

Certain banks advertise that they can clear a foreign cheque, but as you don't mention your bank it's not clear here.


There will likely be poor exchange rates, and fees, in any case. From the UK a transfer service like TransferWise would be much cheaper. So if you could have the cheque cancelled and a foreign transfer made that would be a good idea, but a lot depends on costs/exchange rates/etc.

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