Convert foreign cheques into Australian dollars

We can arrange simple and efficient clearance of foreign cheques and foreign currency drafts into your Auswide Bank account.

Receiving cheques from overseas is easy!

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.

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With Foreign Cheques & Drafts – Inward, you can enjoy:

A cheque drawn on an overseas bank in their own currency...

(e.g. US Dollars cheque drawn on an US Bank, GBP cheque drawn on English Bank etc):

  • Which converts to less than $5000 AUD will be deposited to your Auswide Bank Account when the conversion value is received. Funds from these cheques have a 21 business day clearance.
  • Which convert to greater than $5000 AUD 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.

A cheque drawn on an overseas bank in a currency not their own...

(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.

A cheque drawn in Australian Dollars on an overseas bank in conjunction with an Australian Bank...

...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.