@ stock.enigma

Two years ago I was there (NBK) to deposit my dividend cheque and they told me the cost of clearing the cheque will be same amount as the dividend.

So I have just been accumulating them watching them expire.

To make it worse this time they sent an interim dividend cheque which is also in the pile.

The only thing left is to wait for the dividend to surpass the costs by a worthwhile margin

Stanbic were of no help either as they required one to open an a/c.

@Djagame

Mine is not because of the amount involved. I have previously cleared my dividend cheques through the same bank. As a policy, NBK does not take stanbic U cheques. Instead, they advise you to instruct stanbic to remit div direct to the account. For your case, it'd be appropriate to collect the instruction form from NBK and send the same with the cheques to stanbic so that they remit your cash direct to your account. My cheque is some substantial amount that will take care of clearing charges and am left with some cash. I dont understand what business NBK is in if they can turn down a cheque that can yield cash for them.

u need a bank with a UGX nostro that accepts walk in FX customers..i think KCB can help im not sure tho...i think bank of africa shud assist too

Send all your chqs (take photocopies) to the co sec at SBU. Tell them you are Kenyan & would like a chq in KShs. Or they can combine & send you one chq so you can deposit it.

I&M charges a hefty $50 (but you need an account at I&M) per chq.

Really? That's strange coz i always cash mine at Equity,and have never had problems at all!

Yep... I was pissed... the old system was 'batched' & $10 then they changed it...

Just tell the sender to send in KES...

OPEN AN ACCOUNT WITH KCB UGANDA AND U WILLBE ABLE TO TRANSACT IN FUTURE IN KENYA.