In message <[EMAIL PROTECTED]>
"Ben Kennedy" <[EMAIL PROTECTED]> wrote:

>Dave Warren wrote at 3:11 PM (-0700) on 11/7/05:
>
>>Cashing cheques drawn on US banks in Canada takes roughly the same
>>amount of time, and I was warned that the fees vary, but could be higher
>>then $10.
>
>I deposit USA-drawn USD cheques in my CAD bank account with CIBC all the
>time.  There are no fees, although the exchange is probably a bit weak
>(today I got 1.1633).  You are right though, they can take a long time
>to clear.  I think the last I was told was nominally 30 business days.

Fees vary depending on how badly they screw you on exchange.  In my case
the $10 fee isn't bad since I'm usually receiving several thousand
dollars at once.

Wire transfer fees are higher, but you can negotiate the exchange rate
if you put the effort into it.
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