Once the value of a foreign cheque has reached my account, can it still be dishonoured?
Last Updated: 06 Aug 2024
ASB no longer accepts foreign currency cheques. The information below is provided for customers who deposited foreign currency cheques before 01 July 2024.
Foreign cheques processed 'by negotiation' can still be dishonoured even after they're deposited to your account.
If a foreign cheque is dishonoured, its value will be reconverted to the original foreign currency (using the You Send rate at the time we process the dishonour) and that amount will be deducted from your account. Due to changes in exchange rates, the amount deducted from your account may be more or less than what was originally paid into your account.
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