How do I pay foreign cheques into my account?
You’ll need to go to a branch to pay foreign cheques into your account.
Depending on where the cheque comes from, and what currency it’s in, it will be deposited into your account through either a negotiation or collection service.
Cheque negotiation lets you use the funds before the cheque has cleared and is credited to the account on the second working day. There is a fee depending on the amount of the cheque. Cheques can still be unpaid by the bank upon which the cheque is drawn at a later date, in which case the money will be debited back from the account.
With cheque collection, we wait until the cheque has been cleared and the funds obtained from the bank before crediting your account. This takes on average about 4-7 weeks. There is also a fee.
For more information and detailed fees, call Telephone Banking (if you’re registered) or visit a branch.