US Banks not accepting foreign checks

The company I work for or personally I am unable to write a check from my bank account in Canada (USD or Canadian) and deposit it into an American bank account.

PEROID

I have not seen or heard of anything like this have you?

I have been banking in the US and Canada for 15 years now and this is the first time I have seen this.

Category:

Education

Tags:

• US
• Banks
• not
• accepting
• foreign
• checks

[ChecksSuperstore]

I have often wondered what those with foreign checks would do. Checks are extremely convenient so hopefully these issues get resolved.

[davincij15]

@ChecksSuperstore

You don't get it.

This is part of the capital controls that are slowly creeping up on Americans to keep them trapped. Why? Because the greatest resource on the planet is not gold, silver, oil or water... Its PEOPLE. People create wealth, people create goods and services, thus the control of people is the where the power is.

As long as you can keep them fooled into believing the wrong things you have control because their anger will always be misdirected.

[oilsander1]

Is it possible they are trying to prevent a flight out of the USD by foreigners who want to buy hard goods instead for safety?

[davincij15]

Yep that's right! I can still do a wire transfer though. It just costs more.

When I can't wire transfer then - fear then end is near for the dollar.

[davincij15]

Actually, Americans are being asked to close there account in foreign banks as the pressure mounts from the US to disclose account holders.

[actop19]

very possible Goodby,

[Goobyusa]

.....and PayPal must submit that information to the IRS.

[Goobyusa]

I heard that foreign workers had been granted credit cards and were running them way up and then skipping the country where it was not possible to tarnish their credit. Apparently, at this point, it is not possible for foreign creditors to apply bad credit to someone's credit rating. I expect this will also change.

[Goobyusa]

I see this as governments (watch the G20) locking down out anyone earning money outside the US and keeping it in foreign banks. This means (for instance) that someone living in the US could not do work for someone outside the US and get paid into an account in that country, where they could then use that bank's debit card to buy goods back in the US - not reporting the income.

[Goobyusa]

Looks like Big Brother is going global. It's coming folks - No taxpayers living in the US will be able to hold a bank account outside the US. Bad for all US citizens working and living abroad. Bad for all foreign companies who employ American citizens.

You can bet this will go global (G20 is setting this up) no foreign taxpayers living anywhere outside of THEIR country will be able to hold a bank account in the country where they work/reside. A step closer to a global currency/banking system.