Banking US Checks In Australia - GoFuckYourself.com

nippa · 08-12-2002, 09:04 PM

Any Oz residents know an Oz bank that will take US check deposits without charging an arm and a leg to clear them?

Fletch XXX · 08-12-2002, 09:04 PM

Hell yeah...

the Shemp · 08-12-2002, 09:06 PM

Do you know that Crocodile Hunter guy?

shemp

Jayson · 08-12-2002, 09:11 PM

You are basically stuck paying an arm and a leg. Cheapest I think is about $6 a cheque.

bhutocracy · 08-12-2002, 09:17 PM

up your sponsor cheque minimums so you only get US$100 - US$200 cheques so the fees are only 1-3% of your income.

Fletch, you still thinking of coming to Australia for a holiday?

Nurgle · 08-12-2002, 10:53 PM

NAB will take five at a time.. and charge you 10bucks, not fucking bad...

cheers
Nurgle

Dildozer · 08-12-2002, 10:57 PM

Crikey! The damn aussies ate all my money!

B40 · 08-13-2002, 12:07 AM

Can you open a US dollar account? It might be less to cash US checks into a US account. Then every once in awhile you can transfer US to Australian.

Nurgle · 08-13-2002, 12:24 AM

B40 thats a lot more expensive

10$ for 5 cheques is pretty damn cheap, and its tax deductable anyway.... (only $5US remember!)

I would be interested to know if anyone knows of somewhere cheaper in Oz

Nurgle

B40 · 08-13-2002, 12:26 AM

Just from my experience with Canadian banks, that is the cheapest way to go.

In Canada, there's no charge to deposit US checks into a US dollar account. There's a small fee ($1-2) to transfer from US to Cdn. Also the exchange rate isn't that great either.

But overall, it's better than cashing US checks into US accounts. Don't know how it is in Australia, but that's the cheapest way in Canada.

spool · 08-13-2002, 04:05 AM

I also have to bank US$ in Australia ....

Try Travelex ... NO FEES AND MUCH BETTER RATES THAN BANKS AS WELL...

The catch .... You need to set up a commerial account, so you need to be a company.. easy as pie.

Hope this helps all the aussies that need it

Living For Today · 08-13-2002, 04:30 AM

About 75% of the time I dont pay fees at suncorp metway. The odd teller charges me and its AUS$5 per cheque but usually they say yes your a regular customer and waive the fee.

DjSap · 08-13-2002, 04:37 AM

heh thats still good...here in sweden it costs $12 per check for me...

a1ka1ine · 08-13-2002, 04:39 AM

Quote:

Originally posted by Jayson
You are basically stuck paying an arm and a leg. Cheapest I think is about $6 a cheque.

dont moan. in the uk you pay at least 12usd a cheque

Jayson · 08-13-2002, 05:03 AM

Quote:

Originally posted by a1ka1ine

dont moan. in the uk you pay at least 12usd a cheque

Actually it doesn't normally effect me, I have an account in the US and a debit credit card, saves losing money on exchange rate conversions as well.

katiepants · 08-13-2002, 05:39 PM

Quote:

Originally posted by Living For Today
About 75% of the time I dont pay fees at suncorp metway. The odd teller charges me and its AUS$5 per cheque but usually they say yes your a regular customer and waive the fee.

Damn, they never do that for me.

I'm in Brisbane too.. Which SM branch do you use??

Joe Sixpack · 08-13-2002, 05:45 PM

I deposit my cheques at Heritage Building Society at Carindale and get charged $7.50 each. I used to bank them with Westpac but those fuckers charged a goddamn commission on each one which ended up costing me an arm and a leg if the cheque was for a large amount.

Has anyone had any success with using Paypal to deposit funds into an Aussie Bank account?

RW316 · 08-13-2002, 05:46 PM

no luck here

Teen Angel · 08-13-2002, 05:49 PM

Suncorp Metway bank charges $5 AUD for a US check

Jayson · 08-13-2002, 05:51 PM

Quote:

Originally posted by Joe Sixpack

Has anyone had any success with using Paypal to deposit funds into an Aussie Bank account?

I was doing that quite a bit, only takes about 2 business days.

The thing is their exchange rate sucks - its normally 5-10% worse than the banks and then theres the $2.75 fee, so on a big amount you are talking a reasonable amount of cash down the tube.

bawdy · 08-13-2002, 05:54 PM

Commonwealth Bank charges $7 a cheque but sometimes they only charge $7 for four or five cheques.

They put a 30 day hold on the funds though.... is this normal for the other banks?

GeorgeTH · 08-13-2002, 06:07 PM

Go and talk with your CWB branch - They don't put a hold on my checks anymore. Just go and show them some history of checks being accepted in the past.

But lucky if you get away with depositing several checks for a one-off fee! That only worked the first 4 or 5 times until somebody woke them up and spread the word

Can anybody tell us about their experience with an US based account and an attached debit card? Secure? Easy (or difficult) to set up???

BTW: I deposited some of my checks in Germany - that's REALLY expensive = don't moan about 5-7 AUD.

GeorgeTH · 08-13-2002, 06:10 PM

Not really related - but anyhow:
anybody's heading to the Surfers' meeting this Friday?<br> <br>

Ted · 08-13-2002, 06:33 PM

I use CBA and dont have a hold put on my cheques when I use my local branch. but some branches can get funny about it.

The best thing to do is spend the time waiting for all the paperwork getting done to make friends with the staff.

The local guys are so used to me that they send the new tellers to me so I can teach them how to process foreign cheques

I had a friend in Darwin who couldnt talk them out of the 30 day hold. When I was up there doing his banking for him I got chatting and told them how I didnt get a hold on my funds and that fixed that

Krome · 08-13-2002, 06:40 PM

Quote:

Originally posted by the Shemp
Do you know that Crocodile Hunter guy?

shemp

That dude is awesome...they copied him on Bum Fights....

bawdy · 08-13-2002, 06:48 PM

cool im going to ask CBA to waive the 30 hold, hopefully they will still be kind on the fees

chodadog · 08-13-2002, 08:57 PM

I just cash all my cheques in one sitting. ANZ charge 15 dollars to cash foreign cheques, regardless of how many you cash. So, if you do a bunch at once, it's hardly costing you anything anyways.

Teen Angel · 08-13-2002, 09:16 PM

Quote:

Originally posted by GeorgeTH
Not really related - but anyhow:
anybody's heading to the Surfers' meeting this Friday?<br> <br>

I AM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Living For Today · 08-13-2002, 09:35 PM

Quote:

Originally posted by Joe Sixpack
I deposit my cheques at Heritage Building Society at Carindale and get charged $7.50 each. I used to bank them with Westpac but those fuckers charged a goddamn commission on each one which ended up costing me an arm and a leg if the cheque was for a large amount.

Has anyone had any success with using Paypal to deposit funds into an Aussie Bank account?

Yeah I just did that this week. The fees are quite high though.
And katie - the gap

08-12-2002, 09:04 PM	#1
nippa Registered User Join Date: Mar 2002 Posts: 23	Banking US Checks In Australia Any Oz residents know an Oz bank that will take US check deposits without charging an arm and a leg to clear them?

08-12-2002, 09:04 PM	#2
Fletch XXX GFY HALL OF FAME DAMMIT!!! Join Date: Jan 2002 Location: that 504 Posts: 60,840	Hell yeah... __________________ Want an Android App for your tube, membership, or free site? Need banners or promo material? Hit us up (ICQ Fletch: 148841377) or email me fletchxxx at gmail.com - recent work - About me

08-12-2002, 09:06 PM	#3
the Shemp congrats to the winners Industry Role: Join Date: Nov 2001 Location: Echo Beach Posts: 10,891	Do you know that Crocodile Hunter guy? shemp __________________ i use Vacares...so should you Submit your picture galleries to my site...Outlaw TGP

08-12-2002, 09:11 PM	#4
Jayson Confirmed User Join Date: Oct 2001 Location: CZ Posts: 554	You are basically stuck paying an arm and a leg. Cheapest I think is about $6 a cheque. __________________ Sapphic Cash - We Do It Right

08-12-2002, 10:53 PM	#6
Nurgle Confirmed User Join Date: Feb 2001 Location: Land of OZ Posts: 2,337	NAB will take five at a time.. and charge you 10bucks, not fucking bad... cheers Nurgle __________________ I am not a megalomaniac.. I just rule the world Need Quality Hardlinks? We have several packages and custom deals available. High Quality Hard Links For Sale ICQ: 394016570

08-12-2002, 09:17 PM	#5
bhutocracy Not making A Comeback Industry Role: Join Date: Dec 2001 Posts: 10,218	up your sponsor cheque minimums so you only get US$100 - US$200 cheques so the fees are only 1-3% of your income. Fletch, you still thinking of coming to Australia for a holiday?

08-12-2002, 10:57 PM	#7
Dildozer Confirmed User Join Date: Jul 2002 Location: Montreal Posts: 7,519	Crikey! The damn aussies ate all my money! __________________ Spam link here

08-13-2002, 12:07 AM	#8
B40 Confirmed User Join Date: Jul 2001 Posts: 7,020	Can you open a US dollar account? It might be less to cash US checks into a US account. Then every once in awhile you can transfer US to Australian. __________________

08-13-2002, 12:24 AM	#9
Nurgle Confirmed User Join Date: Feb 2001 Location: Land of OZ Posts: 2,337	B40 thats a lot more expensive 10$ for 5 cheques is pretty damn cheap, and its tax deductable anyway.... (only $5US remember!) I would be interested to know if anyone knows of somewhere cheaper in Oz Nurgle __________________ I am not a megalomaniac.. I just rule the world Need Quality Hardlinks? We have several packages and custom deals available. High Quality Hard Links For Sale ICQ: 394016570

08-13-2002, 12:26 AM	#10
B40 Confirmed User Join Date: Jul 2001 Posts: 7,020	Just from my experience with Canadian banks, that is the cheapest way to go. In Canada, there's no charge to deposit US checks into a US dollar account. There's a small fee ($1-2) to transfer from US to Cdn. Also the exchange rate isn't that great either. But overall, it's better than cashing US checks into US accounts. Don't know how it is in Australia, but that's the cheapest way in Canada. __________________

08-13-2002, 04:05 AM	#11
spool Confirmed User Join Date: Apr 2001 Posts: 105	I also have to bank US$ in Australia .... Try Travelex ... NO FEES AND MUCH BETTER RATES THAN BANKS AS WELL... The catch .... You need to set up a commerial account, so you need to be a company.. easy as pie. Hope this helps all the aussies that need it __________________ a Nice growing sponor thats HONEST!

08-13-2002, 04:30 AM	#12
Living For Today Confirmed User Join Date: Feb 2002 Location: Brisbane, Australia Posts: 3,970	About 75% of the time I dont pay fees at suncorp metway. The odd teller charges me and its AUS$5 per cheque but usually they say yes your a regular customer and waive the fee.

08-13-2002, 04:37 AM	#13
DjSap Confirmed User Join Date: Jul 2002 Posts: 3,869	heh thats still good...here in sweden it costs $12 per check for me...

08-13-2002, 05:45 PM	#17
Joe Sixpack So Fucking Banned Join Date: Jul 2002 Location: Australia Posts: 3,793	I deposit my cheques at Heritage Building Society at Carindale and get charged $7.50 each. I used to bank them with Westpac but those fuckers charged a goddamn commission on each one which ended up costing me an arm and a leg if the cheque was for a large amount. Has anyone had any success with using Paypal to deposit funds into an Aussie Bank account?

08-13-2002, 05:46 PM	#18
RW316 Confirmed User Join Date: Jun 2002 Posts: 1,103	no luck here

08-13-2002, 05:49 PM	#19
Teen Angel Confirmed User Join Date: Nov 2001 Location: GOLD COAST, AUSTRALIA Posts: 305	Suncorp Metway bank charges $5 AUD for a US check __________________ ANGEL INEXPENSIVE DESIGNS!!!! icq:124633448 Emai:[email protected]

08-13-2002, 05:54 PM	#21
bawdy Confirmed User Join Date: Feb 2002 Posts: 1,424	Commonwealth Bank charges $7 a cheque but sometimes they only charge $7 for four or five cheques. They put a 30 day hold on the funds though.... is this normal for the other banks?

08-13-2002, 06:07 PM	#22
GeorgeTH Confirmed User Join Date: Jul 2002 Location: too much in front of my monitor... Posts: 367	Go and talk with your CWB branch - They don't put a hold on my checks anymore. Just go and show them some history of checks being accepted in the past. But lucky if you get away with depositing several checks for a one-off fee! That only worked the first 4 or 5 times until somebody woke them up and spread the word Can anybody tell us about their experience with an US based account and an attached debit card? Secure? Easy (or difficult) to set up??? BTW: I deposited some of my checks in Germany - that's REALLY expensive = don't moan about 5-7 AUD. __________________ Spam me with design ideas for my signature - LOL!

08-13-2002, 06:10 PM	#23
GeorgeTH Confirmed User Join Date: Jul 2002 Location: too much in front of my monitor... Posts: 367	Not really related - but anyhow: anybody's heading to the Surfers' meeting this Friday?<br> <br> __________________ Spam me with design ideas for my signature - LOL!

08-13-2002, 06:33 PM	#24
Ted Confirmed User Join Date: Nov 2001 Posts: 830	I use CBA and dont have a hold put on my cheques when I use my local branch. but some branches can get funny about it. The best thing to do is spend the time waiting for all the paperwork getting done to make friends with the staff. The local guys are so used to me that they send the new tellers to me so I can teach them how to process foreign cheques I had a friend in Darwin who couldnt talk them out of the 30 day hold. When I was up there doing his banking for him I got chatting and told them how I didnt get a hold on my funds and that fixed that

08-13-2002, 06:48 PM	#26
bawdy Confirmed User Join Date: Feb 2002 Posts: 1,424	cool im going to ask CBA to waive the 30 hold, hopefully they will still be kind on the fees

08-13-2002, 08:57 PM	#27
chodadog Confirmed User Join Date: Apr 2002 Posts: 9,736	I just cash all my cheques in one sitting. ANZ charge 15 dollars to cash foreign cheques, regardless of how many you cash. So, if you do a bunch at once, it's hardly costing you anything anyways.