australians which bank is best to cash overseas check?

lazavas · 05-12-2009, 05:01 AM

hi guys

my bank told me i have to pay $40 to get check processed and its a check for only $75, can somone suggest a bank which doesnt charge as much and how long before they can process it? its a check from neverblue by the way

thanks

chini · 05-12-2009, 05:14 AM

i think commonwealth was about $20-$25

stephenh · 05-12-2009, 05:20 AM

commonwealth charges me about $10 and they told me that if get afew then wait and bank them all at once as the fee is the same

Stephen

lazavas · 05-12-2009, 08:34 AM

Quote:

Originally Posted by stephenh

commonwealth charges me about $10 and they told me that if get afew then wait and bank them all at once as the fee is the same

Stephen

thanks for letting me know, i was thinking about commonwealth bank to be honest, any idea on how long it takes to see the money?

thanks again

jackzaar · 05-13-2009, 02:00 AM

I use Westpac and get charged $15. I've combined as many as 8 checks at once for just the one 15 buck fee. Just watch how long the checks are valid for if you accumulate several.
I've noticed some branches won't do this for you so I make sure I use the local branch where I'm known.

kelldall · 05-13-2009, 02:46 AM

with CBA, it takes 1 month before the money is released.

bookmarkr · 05-13-2009, 03:15 AM

BankWest charges me $15 for US checks

maco · 05-13-2009, 07:19 AM

I used Westpac last week an they charged me $20. The charge is per transaction from different payer. For example I had 2 Clickbank cheques and 2 Amazon cheques and payed $40.
Hope this helps.

lazavas · 05-13-2009, 07:33 AM

Quote:

Originally Posted by maco

I used Westpac last week an they charged me $20. The charge is per transaction from different payer. For example I had 2 Clickbank cheques and 2 Amazon cheques and payed $40.
Hope this helps.

it does, thank u, thanks for all the feedback guys, i just hope i can take a bigger check to the bank next time!

crispin · 05-13-2009, 08:02 AM

I use NAB. For smaller amounts (I seem to remember less than $5000) my local branch clears the US$ cheque in only a few days, for $10.

After having to wait 5-6 weeks at CBA I asked around and NAB were the only ones to do quick clearance.

Crispin

AtomicFlipper · 05-13-2009, 08:47 AM

I recently had an ANZ account and they charged $15, it was in within 3 days.
St George $15, took 3-5 biz days
Commbank said they take 30 days to clear, WTF!....

lazavas · 05-13-2009, 08:49 AM

Quote:

Originally Posted by AtomicFlipper

I recently had an ANZ account and they charged $15, it was in within 3 days.
St George $15, took 3-5 biz days
Commbank said they take 30 days to clear, WTF!....

glad to see there are quicker options, when my bank told me 30 days or even more i was shocked, so i might open an account with NAB from what im seeing, good to see some aussies doing cpa too, someone wanna give me some tips? feel free to pm me! hahhahaha, i want to make the cashhhhhhhhhhhhhhhhhhh!

05-12-2009, 05:01 AM	#1
lazavas Advanced Warrior War Room Member Join Date: Jul 2008 Location: , , Australia. Posts: 600 Thanks: 59 Thanked 26 Times in 20 Posts	australians which bank is best to cash overseas check? hi guys my bank told me i have to pay $40 to get check processed and its a check for only $75, can somone suggest a bank which doesnt charge as much and how long before they can process it? its a check from neverblue by the way thanks

05-12-2009, 05:14 AM	#2
chini HyperActive Warrior Join Date: Jul 2008 Location: , , . Posts: 316 Thanks: 22 Thanked 6 Times in 6 Posts	Re: australians which bank is best to cash overseas check? i think commonwealth was about $20-$25

05-12-2009, 05:20 AM	#3
stephenh publishing and consulting War Room Member Join Date: Aug 2008 Location: Australia and New Zealand Posts: 49 Thanks: 0 Thanked 1 Time in 1 Post Contact Info	Re: australians which bank is best to cash overseas check? commonwealth charges me about $10 and they told me that if get afew then wait and bank them all at once as the fee is the same Stephen

05-13-2009, 02:00 AM	#5
jackzaar Warrior Member War Room Member Join Date: Jul 2007 Location: , , Australia. Posts: 5 Thanks: 7 Thanked 1 Time in 1 Post	Re: australians which bank is best to cash overseas check? I use Westpac and get charged $15. I've combined as many as 8 checks at once for just the one 15 buck fee. Just watch how long the checks are valid for if you accumulate several. I've noticed some branches won't do this for you so I make sure I use the local branch where I'm known.

05-13-2009, 02:46 AM	#6
kelldall WaiKei Hooi War Room Member Join Date: Aug 2007 Location: Sydney, Australia. Posts: 415 Thanks: 35 Thanked 57 Times in 47 Posts Social Networking	Re: australians which bank is best to cash overseas check? with CBA, it takes 1 month before the money is released.
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05-13-2009, 03:15 AM	#7
bookmarkr Warrior Member War Room Member Join Date: Apr 2009 Location: Australia Posts: 29 Thanks: 3 Thanked 3 Times in 3 Posts	Re: australians which bank is best to cash overseas check? BankWest charges me $15 for US checks

05-13-2009, 07:19 AM	#8
maco HyperActive Warrior War Room Member Join Date: May 2009 Posts: 259 Thanks: 30 Thanked 11 Times in 11 Posts	Re: australians which bank is best to cash overseas check? I used Westpac last week an they charged me $20. The charge is per transaction from different payer. For example I had 2 Clickbank cheques and 2 Amazon cheques and payed $40. Hope this helps.

05-13-2009, 08:02 AM	#10
crispin Active Warrior War Room Member Join Date: Jun 2004 Location: , , . Posts: 33 Thanks: 0 Thanked 1 Time in 1 Post	Re: australians which bank is best to cash overseas check? I use NAB. For smaller amounts (I seem to remember less than $5000) my local branch clears the US$ cheque in only a few days, for $10. After having to wait 5-6 weeks at CBA I asked around and NAB were the only ones to do quick clearance. Crispin

05-13-2009, 08:47 AM	#11
AtomicFlipper Site Flipper War Room Member Join Date: Apr 2009 Location: Australia Posts: 72 Thanks: 4 Thanked 3 Times in 3 Posts Social Networking Contact Info	Re: australians which bank is best to cash overseas check? I recently had an ANZ account and they charged $15, it was in within 3 days. St George $15, took 3-5 biz days Commbank said they take 30 days to clear, WTF!....