Foreign currency cheques
The conversion of Foreign Currency cheques is carried out by Travelex ABN 3600 4179 953 AFSL 222444. The Bank also has a revenue sharing arrangement with Travelex. The Bank receives 20% of the net profit made by Travelex in converting from a foreign currency to AUD. Exchange rates are set by the paying bank and Travelex.
1. A $25 fee applies for each foreign currency cheque that converts to the equivalent of under $10,000 AUD. For each foreign currency cheque converting to $10,000 AUD or over, a $50 fee applies.
2. Available for selected foreign currencies only. Contact us here for a complete list of currencies available for conversion.
3. Cheque/s converting to under $10,000 AUD will be credited to my account in approximately 7-10 working days. Cheque/s converting to $10,000 AUD or over will be credited to my account once funds have been received from the paying bank. This can take up to 45 working days.