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DavidG · 03-04-2021, 04:41 PM

Ron,

We run into cross-border financial glitches periodically with the V8 Club's membership dues payments and this $75 fee and a 45 day delay is relatively new and seemingly imposed only by some smaller U.S. banks. In other words the need to use a different bank is on the seller's end of the transaction, not on your end as long as what you obtained from your bank was in U.S. funds, not Canadian dollars. The Club uses three different U.S. national banks and none of them impose either a fee nor a delay in clearing checks and money orders from the major Canadian banks (CIBC, TD Canada Trust, BNS, or BMO.) as all are associate members of the U.S. Federal Reserve check clearing system.

03-04-2021, 04:41 PM	#9
DavidG Senior Member Join Date: May 2010 Location: southeastern Michigan Posts: 10,090	Re: sometimes all we can do is laugh! Ron, We run into cross-border financial glitches periodically with the V8 Club's membership dues payments and this $75 fee and a 45 day delay is relatively new and seemingly imposed only by some smaller U.S. banks. In other words the need to use a different bank is on the seller's end of the transaction, not on your end as long as what you obtained from your bank was in U.S. funds, not Canadian dollars. The Club uses three different U.S. national banks and none of them impose either a fee nor a delay in clearing checks and money orders from the major Canadian banks (CIBC, TD Canada Trust, BNS, or BMO.) as all are associate members of the U.S. Federal Reserve check clearing system.