Important updates for foreign cheque deposits

Due to changing customer demand, the migration to digital payment methods, and fewer in-person foreign cheque requests, Queensland Country Bank is making changes to the services we provide as follows:
 
New accounts - from 2 June 2023

  • Foreign cheque deposits will not be accepted for any Memberships opened after Friday, 2 June 2023.

Existing accounts – from 14 June 2023

  • Foreign cheque deposits with a conversion rate above AUD $10,000 will not be accepted.
  • If the cheque can be accepted and processed, a 90-day hold is applicable before the funds will be available.

If you have a one-off or ongoing need for receiving funds from overseas, you can receive payments through an electronic international money transfer (inward telegraphic transfer) directly into your account.

Depositing a foreign cheque

Simply take the cheque to your local Queensland Country branch and we will look after the rest.

Cost and fees

Service Cost

Foreign Cheque

 AUD $10.00*

* This fee applies to foreign cheques deposited on behalf of Members via Convera. This fee will be charged at the time of the deposit.

Features

  • Convert your foreign cheque back to Australian dollars
  • Most currencies
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The fine print

Queensland Country Bank has entered into contractual arrangements with Convera Australia Pty Ltd (ACN 150 129 749; AFSL 404092) (“Convera”), to assist it in fulfilling certain foreign exchange and payment services, including telegraphic transfers. The relationship relating to the services described is solely between you and Queensland Country Bank. Fees and charges may apply, depending on the financial product.

Full terms and conditions are issued by Queensland Country Bank and are available upon request from any of our branches.

Any advice provided by Queensland Country Bank is general in nature and does not take into account your personal objectives, financial situation or needs. Convera does not give you any advice, general, personal or otherwise. This communication has been prepared solely for informational purposes and does not in any way create binding obligations. No representations, warranties or conditions of any kind, express or implied, are made in this communication.