Foreign currency check deposit with no fee

RomainC

Hi,

I'm moving to Australia next month (from France) and am receiving monthly US dollar checks (as a member of the Amazon Affiliates program). In Australia, I will have an Australian checkings account.

My question is : How can I deposit the USD money on my Australian checkings accounts while incurring as little fees as possible ? (When I deposited my first USD check in my French bank account, they took a 10% fee !)
I guess if I just deposit the check directly at the Australian bank, I'll suffer from a bad conversion rate and a hefty flat fee. What is the least expensive way then ? Is there an online tool that allows for no-fee check deposit + currency conversion + money transfer or something like that ?
Surely, I am not the only person in that situation...

Thanks in advance for the help.

innovate

RomainC wrote: »

Surely, I am not the only person in that situation...

You could be right, though at any one point in time someone moving from France to Australia receiving a cheque made out in USD might feel a bit lonely.

Assume you will have to pay a fee and not get the best exchange rate. Anything better will just be a pleasant surprise.