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Cashing Canadian Cashier Checks in Chile

Chile Investment, how to invest in Chile, what to watch out for when investing, economic issues, currency exchange in Chile, and more.

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Re: Cashing Canadian Cashier Checks in Chile

Postby LGR on Wed Jul 16, 2008 4:06 am

Even though Scotiabank in Chile and Scotiabank in Canada are owned by the same company, Scotiabank in Chile is a completely separate subsidiary. Since I have an account at Scotiabank in Canada I naturally thought it would be an easy transition. Wrong! I got the same answer Mark F got when he talked to Citibank. Just because Scotiabank is a Canadian owned bank it still follows all the rules and protocols and beauracracy of any Chilean bank.
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Re: Cashing Canadian Cashier Checks in Chile

Postby j. Ro on Wed Jul 16, 2008 9:56 am

Yeah, I had a similar experiance, I have all my banking with ScotiaBank here in Canada and thought that there may have been the possiblility that I could transfer money back and forth easily. After getting to Chile I found out I was completely wrong. But I could take money from my Canadian account at any ScotiaBank with out having to pay the $5.00 service charge.

I thought this case may have been different and they would have been better conected to Canadian banks than the rest.
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Re: Cashing Canadian Cashier Checks in Chile

Postby RWS on Wed Jul 16, 2008 11:26 am

My information may be out of date, but, at one time, at least, HSBC (the old Hong Kong & Shanghai Bank, now headquartered in London) was the multinational bank with the best (and least costly to us customers) connections between branches.
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Re: Cashing Canadian Cashier Checks in Chile

Postby Gloria on Thu Jul 17, 2008 7:44 pm

The cashier's check ( US Chase Bank) that was hold by Banco de Chile for 2 months until it cleared in fact, it did.Today we got the whole amount, plus US$13 interest.
"Home is where the heart is" http://pintavalchile.blogspot.com/
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Re: Cashing Canadian Cashier Checks in Chile

Postby eeuunikkeiexpat on Thu Jul 17, 2008 7:50 pm

Party Hardy Carrete Fuerte

SALUD
None are more hopelessly enslaved than those who falsely believe they are free — Goethe
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Re: Cashing Canadian Cashier Checks in Chile

Postby RWS on Fri Jul 18, 2008 9:44 am

Gloria wrote:The cashier's check . . . was h[e]ld . . . for 2 months . . . . Today we got the whole amount, plus US$13 interest.

Was it worth it?
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Re: Cashing Canadian Cashier Checks in Chile

Postby Gloria on Fri Jul 18, 2008 2:26 pm

To be honest with you, after the dissapointment and anger for not been able to get our money in 3 days or so and been resigned to something I had no control over it....the payment in return was ( to my surprise) US$13 extra.....now I CAN GO SHOPPING...:-) and by the way....I'm grateful for your correction RWS, I usually fall of the wagon in grammar. :wink:
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