: Written Draft Cheque A friend has written a draft cheque in my name in US dollars can I deposit it in any bank in the world? Was this legal in form? About how many days is the clearing time? Is there any charges for this

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A friend has written a draft cheque in my name in US dollars

Not sure what you mean by this? You friend has written this on a piece of paper? If so this may only be honoured that the specific Bank and will not go through any standard clearing. Some other Bank's may agree to send this on behalf of you ... but not all Banks would want to do this, its not standard.

If you friend has written a cheque on a proper check book, then yes you can deposit this in MOST Bank [in MOST country]. Not all Banks provide clearing of Foreign cheque. Depending on country / bank it takes anywhere between 1 to 3 months for funds to be credited. There may be some regulatory paperwork to be completed in few countries.