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Payment cycle - Australia

US cheque to Aus bank account dates

     
3:02 am on Nov 15, 2004 (gmt 0)

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Just for everyone's comparison, I just looked at how long it has taken from month's end for the money to appear in my account in Australia. For my 5 payments so far this year it has taken 5.5 to 6 weeks.

I use AMP and have to post my cheque to Sydney (as they don't have branches), and including postal delay my cheques are clearing in 5-7 days total - which is excellent. They charge `up to $40 + foreign bank fee'.

Month Approved Arrived Cleared
May04 23/06 06/07 14/07
Jun04 19/07 04/08 11/08
Jul04 20/08 03/09 08/09
Aug04 22/09 11/10 15/10
Sep04 21/10 02/11 09/11

4:29 am on Nov 15, 2004 (gmt 0)

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My bank clears the cheques pretty much immediately - the same day, anyway - and charges me a flat fee of Aus$10 for any number of US$ cheques (I combine Amazon cheques with Adsense when I have them).
3:15 pm on Nov 15, 2004 (gmt 0)

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which banks in Australia have the lowest fees to cash google cheques? I am not really concerned about the time it takes to clear the cheques
3:54 pm on Nov 15, 2004 (gmt 0)

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For my 5 payments so far this year it has taken 5.5 to 6 weeks.

Google pays on a net+30 basis, so it's actually 1.5 to 2 weeks (which is pretty normal for posting time + cheque clearing).

12:43 am on Nov 16, 2004 (gmt 0)

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Westpac. AUD $10.00

If you have any other US cheques they will put them in together.

1:47 am on Nov 16, 2004 (gmt 0)

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I use NAB. It costs me AU$10 per cheque (so 5 cheques in the 1 deposit = $50).
The money is available in 1-2 days.
11:06 am on Nov 17, 2004 (gmt 0)

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We use the Commonwealth Bank and they charge $10 per foreign cheque as well :(.