Aussie's where do you Cash Cheques? Please Help

[RebeccaL]

Im with ANZ and get charged $15 per international cheque. They must have different rules in different branches.

Needless to say, I dont really have any affiliate programs that I receive cheques from anymore...

[EWS]

My local Westpac allows me to deposit 4 US$ cheques in one transaction for just the one $20 fee and the funds are available to use the next business day!

Just ask the teller to batch the 4 cheques together and put them through for the total amount instead of processing each cheque individually.

[drwhogoesthere]

Originally Posted by Aaron Elliott

I posted here about 6 months ago asking where to cash U.S Cheques because most banks charge between $20 - $15.

I was told by many that ANZ you can cash up to 4 cheques for $15.5 and one cost $12.5.

Long story short they charged me 15.5 each cheque and everytime I ring customer service or another branch I get told different prices some say $10 some say 12 and some say 15! Only one person from the bank said $15 for up to four.

If someone knows where it is in writting that it cost 15 for 4 cheques or know of a cheap bank in Aus I would really appreiate it!

Cheers - Aaron.

How much are you making? No dont asnwer that. What I want to point out is that if you are making enough money then $15 isn't lot of money for what you are making.

Yes I know that the banks are ripping us off, but what are you going to do about it? It could be worse. If you were only making $15 then yes it would suck, but if you are making a couple of thousand then I wouldn't worry to much.

And if you are making enough money have you thought aout going to the US and opening a bank account, getting the check sent straight there to be deposited into you account, linking your accoun to Paypal and then sitting back here in OZ and sending your money from you US bank account to PayPal then to your OZ account, and then claiming the whole trip as a work expense?

Or is that just thinking differently?

[vicone]

Obviously direct deposit is best as that arrives in my bank account, and is cleared for access, usually in one day.

Same here - Bendigo Bank at $10 per cheque. But they made me wait 30 days not 20, denied!

I find that St George makes me wait 20 business days for clearance, so in practice that's about 28 calendar days.

Does anyone know why Paypal takes so long to transfer funds? It usually takes 3-5 days for the transfer to arrive (they also indicate this at the time a transfer is requested). If I get direct deposits from others the funds arrive in my account the following day.

Ivan

[BeeJay]

NAB is $10 per cheque.

[John Romaine]

CB direct deposit - the only way to fly

[sal64]

I've been using NAB for 6 years now with clickbank. $10 up to 2 cheques.

If you can keep your expected checque amount equivalent in deposits, they might waive the 30 day clearance rule.

Basically, they give me normal clearance of 3 days as long as I have enough cash to cover the amount... and that the cheques do not exceed $2,000.

That said,Ialso run 2 identical sites... one for CB affiliates, and any direct traffic goes via paypal so i get paid immediately.

[sal64]

Thereason for bank delays is that they have to send the cheques back to the issuing bank for clearance. I recall that the funds are held for you in a short term deposit scenario.

I'd double check with NAB about the $10 per cheque, because I can do up to 3 ch's on one deposit for $10.00

If you leave sufficient funds in your account and have a hsitory of cheques clearing, you should ask them to provide instant clearance.