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Originally Posted by georgeyw
Out of interest how long does it take for cheques to clear for you US guys? Here(Australia) it's ~20 business days + $10 charge to deposit *each* cheque
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If you've been with the same bank for a while it might be worth having a chat with your manager about a better deal. I went from:
- $10 per cheque, immediate clearance up to $AUD200, otherwise 4-6 week wait for collection (ouch)
to
- $15 for unlimited cheques, immediate clearance, unlimited amount (I routinely deposit $5k+)
If you have a sizeable balance, or security such as a home loan then you've got some pulling power. BTW, I never actually negotiated the above, it just sort of fell into place over a couple of years. I don't think it's going to get much better than that.
