If you’ve received a cheque from overseas, simply visit a branch or post us your cheque and we’ll arrange clearance into your Auswide Bank account.
(e.g. US Dollars cheque drawn on an US Bank, GBP cheque drawn on English Bank etc):
(e.g. AUD dollars cheque drawn solely on US bank; Euros cheque drawn on English Bank etc)
Are sent on a Bill for Collection basis to the drawing bank. When we receive the conversion value from the drawing bank (approximately 6-8 weeks) then the value is credited to your Auswide Bank account as cleared funds.
...will be deposited to your Auswide Bank Account when the conversion value is received. Funds from these cheques have a 6 business day clearance.
This information is a summary of features & benefits only. We do not provide advice about this product based on any consideration of your personal objectives, financial situation or needs.
Foreign cheque & foreign currency draft conversion to Australian currency is arranged by Western Union Business Solutions (WUBS) ABN 24 150 129 749, AFSL 404092 . In arranging this service, Auswide Bank Ltd (Auswide Bank) ABN 40 087 652 060 AFSL 239686 acts as an agent for WUBS and not as your agent. If you buy WUBS products, Auswide Bank may be paid commission. To help you make an informed decision about whether to acquire a WUBS product through Auswide Bank you should read our Auswide Bank Financial Services Guide.