Cash a dollar cheque?

Found 14th Apr 2011

I have a fairly substantial US Dollar cheque made out in my name. I asked my bank what I would get for it and they said it would depend on the exchange rate in 28 days (!), take 28 days to clear and they would only give me 57p per dollar.

Now I know you money savers can do better then that. I don't mind posting the cheque. Looks like the exchange rate is now just 61p per dollar but still, I would like to get the best deal.

Can I just take the cheque to Chase Bank UK (?) and get dollars then exchange those, by the way?
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