We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Cashing an international cheque

j1256
j1256 Posts: 8 Forumite
in Budgeting & bank accounts
Hi,
I have a cheque arriving soon from my Australian Super fund from my time living there, obviously in AUD and for around $15000. I'd like to access the cash ASAP however my bank has told me that there is a wait for 28 days for all AUD cheques. Can anyone advise a quicker (and secure obviously) method of obtaining the funds?
Many thanks

Comments

  • grumbler
    grumbler Posts: 58,629 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    The only quicker way was a bank transfer instead.
  • agrinnall
    agrinnall Posts: 23,344 Forumite
    10,000 Posts Combo Breaker
    grumbler wrote: »
    The only quicker way was a bank transfer instead.

    Could still be quicker if the cheque hasn't been paid in yet and the Aussie Super are prepared to make an electronic payment.
  • j1256
    j1256 Posts: 8 Forumite
    Nope, they're not prepared to do anything other than send a cheque...
  • henm2
    henm2 Posts: 723 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    It is likely your bank will process the cheque on a 'collection' basis. That means they send the cheque back to where it is drawn on and get payment from that bank and once funds received then credit your account.

    A lot of banks work on a 4 to 6 weeks processing time for 'collection' of foreign drawn cheques. The UK bank will make a charge and also there will be charges made by the foreign bank. Much easier to have electronically transferred the money in the first place rather than using old fashioned cheques.
  • Deru
    Deru Posts: 640 Forumite
    Part of the Furniture 500 Posts Name Dropper
    One month is not too bad. Mine takes almost 60 days for USD cheques. no charges though
  • grumbler
    grumbler Posts: 58,629 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    No charges?! What bank?
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 353.7K Banking & Borrowing
  • 254.2K Reduce Debt & Boost Income
  • 455.1K Spending & Discounts
  • 246.8K Work, Benefits & Business
  • 603.3K Mortgages, Homes & Bills
  • 178.2K Life & Family
  • 260.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture