Quote:
Originally posted by Nurgle
Mate they just gave you the wrong info.
NAB is as follows (i have been doing it 4 yrs)
5 cheques / OBP (whatever that stands for) = $10
Under $AU2k if you have a decent history they should clear it within 3 days. Over $2k requires Authorisation from overseas department and they will probably put it on term deposit 30-60 days.
Cheques take 4 weeks to clear so not much you can do about it.. but ive found NAB to be far and away the best
Nurgle
|
100% correct of how NAB works!
I have deposited checks for over 3 yrs with my branch and what some have said about developing a good relationship is the key. Get on with your business bank manager and the tellers and keep a very good sized account balance!
I held many large checks at the end of last tax year and deposited AU$30,000+ on July 1st & had it all cleared instantly (tellers just had to check with my business banker as they do with anything over $2K), develop good relationships especially with your business bank manager.
I even buy the tellers a small christmas present each year.
I had the personal bank manager (not business) try to charge me $10 per check after 2 yrs of doing it the normal way, but one of the tellers I get along with well rang the International dept and clarified the rules and proved the personal manager wrong!
Gotta love a teller who sticks up for you like that without you even asking!
As with everything it all depends on who you get, it took time to develop the realtionship (they probably won't love ya bringing in all the US checks at first) but ask them to ring International dept to clarify rules with OBP (used to proces checks) if they quote different fees.
Only thing that is annoying anymore is new tellers
Good luck!