Best Way to Process $US cheques in NZ ?

[Alban]

Could someone please say if there is a straightforward (cost effective) way of processing smallish $US cheques (US$100 or so) in New Zealand? Thank you.

[bongo66]

Banking girlfriend says deposit in your bank account. With the ASB it costs 5cents per chq and takes around 13 days to clear.

B

[Alban]

Thanks Bongo, I didn't realise it was as easy as that. :)

[boris]

Bongo is correct. Just deposit it in whatever account you wish. There is a bit of paperwork to go with it (at least with ANZ) but there is no major drama.
cheers Boris

[Risk]

sometimes it also pays to keep an eye on the exchange rate, as delaying making the deposit can get you a few extra dollars. But I suppose its not so important for small cheques.

[Capitalist]

quote:Originally posted by Risk

sometimes it also pays to keep an eye on the exchange rate

NO WAY!! LOL Such intellectualism!!

[pringy]

The last time i deposited a cheque from the US, it didn't cost me anything... but it takes 3 weeks to "officially" clear, but usually after the 3 days normal period, i am able to withdraw funds (and i'm talking ranges between US 30 to US 2000).

(and boy do i miss those cheques!)