If you are planning to send money to MS overseas then you are likely already aware of some of the problems you might encounter when sending a cheque overseas. Unfortunately the general rule of the thumb is that, while the cheque is technically ‘good’, it will be lost in transit and will most probably bounce back! This makes the cheque really worthless and will simply create more problems than it solves. Although it is most unlikely that this cheque will bounce back, it’s good to know ahead of time that you should be prepared to deal with problems that might arise along the way. Following a few simple tips can make sending money overseas a lot easier, ensuring that you will not have any problems along the way.
Always check that the cheque that you are sending is a confirmed payment for MS software, rather than an attempt to complete a transaction that has not been approved by MS. If you send a cheque to an unapproved company and you realize that it bounces back before the transfer completes, you will lose all of your money and have to wait a day or two before you can try again. It’s important to know that there are many legitimate companies that use the MS logo on their cheques, and so they will generally be approved. However, a majority of the companies that use the MS logo might be run by illegal immigrants and so you may never receive the funds from them at all. If you have any doubts as to whether you are sending the correct payment to MS overseas, then you should send the cheque first and then confirm it by telephone, followed by confirmation of receipt through email.
Another important tip to remember is that you should only ever send your payment to a foreign bank, as all transactions made through your account will be recorded in the database of the foreign bank. However, not all transactions are recorded, so if you accidentally send the wrong amount of money to MS overseas, you will need to find out what the bank’s decision is before you attempt to send the cheque. Once the payment is made, the customer service representative will be able to tell you the decision that was made, either to cancel the cheque, or to send a refund to the customer. Depending on the bank’s policies, a refund might only be possible within a specified time period, so make sure that you leave enough time in order to receive your refund. Keep in mind that cheques do not work well overseas, and so it’s important to send the payment before you head to the airport, as you may find that you will need to pay tax when you get home. However, with these few simple tips you should be able to send money overseas without any problems!