Member Update: Please note - Bowral and Goulburn Centres are open. Moss Vale Centre open with revised hours (9.30 am  - 4.30 pm, closed 1pm - 2pm)  and Mittagong is open with revised hours as a cashless business banking centre (9.00am - 5.00 pm, closed 11.30am - 12.30 pm). All remote banking options are available and our team can be contacted on 02 4860 4000. 

Foreign Cheques

Receiving Foreign Cheques?

If you have received a cheque in a foreign currency, you can have it converted into Australia Dollars and deposited into your bank account with the BDCU Alliance Bank.1

Typically, personal, bank, company or government cheques can be converted from a number of foreign currencies.

Need more information? Talk to us to day.

Things to note:

  • At the time of the cheque being converted from the foreign currency and deposited into your account, we will deduct any applicable fees
  • Foreign Cheques can take up to 8 weeks or more to clear
  • Exchange rate is determined once the credit is received

Do you need to receive funds quicker?

As an alternative, ask the person sending you money, to send to you via our Incoming International Payments service.

This option may save you money in fees and help you to get the money faster.2  

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Disclaimers:

BDCU Alliance Bank has entered into contractual arrangements with Western Union Business Solutions (Australia) Pty Ltd (ACN 150 129 749; AFSL 404092) trading as Western Union Business Solutions (“WUBS”), to assist with processing foreign currency cheques. WUBS is a business unit of The Western Union Company. The relationship relating to the services described (other than drafts) is solely between you and BDCU Alliance Bank. Fees and charges may apply, please refer to the terms and conditions issued by BDCU Alliance Bank. Any advice provided by BDCU Alliance Bank is general in nature and does not take into account your personal objectives, financial situation or needs. WUBS does not give you any advice, general, personal or otherwise. This communication has been prepared solely for informational purposes and does not in any way create binding obligations. No representations, warranties or conditions of any kind, express or implied, are made in this communication.

1. In some instances intermediary banks may levy additional fees and / or other charges. This is beyond the control of Western Union Business Solutions.

2. Funds are usually received by BDCU Alliance Bank within 2-3 business days, funds will then be allocated to your nominated account. There is no delivery period guarantee. Some currencies may take longer than others to process.

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