EFT outside USA is deposited into your account in local$'s
You can't EFT $US to a bank account without conversion.
e.g. If you were owed $US 1,000.00 by AdSense then you would expect to be credited around $A 1,127.27
The opposite has occurred and they're being credited something like $A 862.90 or around 23% less.
As for wanting in $US the above transaction, it's received much later, having to go to the bank [an inconvenience for me] spend 20 minutes processing and after converting a cheque, I'd be credited with $1,110.95 after charges and a slightly poorer exchange rate [as opposed to $A 1,127.27]
I've found the real exchange rate received for EFT is also slightly more favourable than quoted above from the Commonealth Bank exchange calculator.
Given the choice? Cheque or EFT?
No contest. EFT wins out every time if you exclude this monumental stuff up.