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Old 05.06.2009, 22:35
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need advice (fast transaction needed)

Hi to all,

Need some advice please.

Im Irish living in lausanne

Asked Irish bank 3 weeks ago to transfer money to swiss account (post finance). The idiots in Irish bank sent me a cheque in post to my apartment which arrived today.

Went to post office here but they wouldnt transfer it to my swiss account. They dont accept cheques.

I phoned Irish bank but too late they had already closed.

I now have 20chf in swiss account, an irish cheque for 10,000 euros and need to pay rent (already late) this week.


my options as I see it

1. phone irish bank monday morning, rip up cheque and DEMAND they carry out the electronic transfer as per my original request (but I know this will take over a week)
2. find somewhere in lausanne / Vaud that cashes cheques ??
3. try to open a UBS, BCV or other bank account tomorrow morning or monday morning and lodge the money there via cheque ? But when would I have access to money ???

Anyone have any suggestions ??

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Old 05.06.2009, 22:48
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Re: need advice

The Bank will credit the cheque amount only after it is cleared. That is even slower than if your Irish Bank would do an urgent SEPA wire transfer on Monday to your postal giro.

Immediate credit of cheque to a Swiss bank account is only possible if you are a long-standing customer. Reason: the Bank must trust you and effectively give you an overdraft facility till the funds are realized. That involves the cheque going back to the issuer back for verification.
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Old 05.06.2009, 23:44
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Re: need advice

Sorry to hear of your problems with the bank. I would also contact your agency re: rent and let them know of the situation. They should be (more) flexible if you inform them.
Good luck!
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Old 06.06.2009, 01:08
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Re: need advice

Hi There,

Did the send you a cheque or a banker's draft? If it is a banker's draft then you should be able to find a bank that will open an account for you and allow you immediate access to the money. If on the other hand it is a cheque it will take some time...

Best Regards,

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Old 06.06.2009, 08:43
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Re: need advice

Agree with what everybody else has said. It's unlikely any bank will open a new account for a new customer and credit the funds before the cheque clears. And clearing the cheque will take some time. The best thing is to phone the Irish bank on Monday, play merry hell and tell them to pull their finger out and TT the funds asap. Otherwise you can ask your Irish Bank if they have a correspondent bank in Lausanne where they (the Irish Bank) can arrange for you to cash the cheque immediately over the counter.

Einalem's suggestion to contact the rental agency is good advice. The only other thing I can suggest is that you might offer to get your Irish bank to transfer the rent direct into the agency's account to save some time. Just shows some goodwill on your part but you will need to get their Swiss franc IBAN number.
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