Please note that due to the current challenge presented by Coronavirus (COVID-19), our partner Travelex has advised that for the interim, they have suspended the repurchasing of foreign currency banknotes and foreign currency cheques.
If you have received a draft or cheque in a foreign currency, Queensland Country, in association with Western Union® Business Solutions will usually be able to convert it into Australian dollars for credit to your account.
Typically, personal, bank, company or government foreign currency cheques can be converted (although money orders are not accepted). However, please note that some conditions do apply. Speak to a branch staff member for further information.
Cheques can be converted from a range of foreign currencies.
Depositing a foreign cheque
Simply take the cheque to your local Queensland Country branch and we will look after the rest.
Cost and fees
|Bills negotiated – foreign cheques, drafts etc < $25,000||AUD $10.00*|
|Bills for collection – collection of cheques, drafts etc. > $25,000||AUD $50.00*|
* This fee applies to foreign cheques deposited on behalf of Members via Western Union. This fee will be charged at the time of the deposit.
- Convert your foreign cheque back to Australian dollars
- Most currencies
The fine print
The financial products referred to in this communication are provided by Western Union Business Solutions (Australia) Pty Ltd ABN 24 150 129 749 AFSL 404092, trading as Western Union Business Solutions (“WUBS”), under its agreement(s) with Queensland Country Bank Limited ABN 77 087 651 027 AFSL/Australian Credit Licence 244533. Fees & Charges and Terms & Conditions apply.
It’s important for you to consider the relevant Product Disclosure Statement (“PDS”) and any other relevant WUBS documents before you decide whether or not a financial product is right for you. A PDS is available for each financial product issued by WUBS from your Financial Institution or on the compliance section of our website. Any advice provided above is general and does not take account of your personal objectives, financial situation or needs.
This communication has been prepared solely for informational purposes and does not in any way create any binding obligations. The relationship relating to the financial products referred to in this communication are solely between you and the Financial Institution. No representations, warranties or conditions of any kind, express or implied, are made in this communication.
Western Union Business Solutions is an operating division of the Western Union Company. Western Union is the issuer of the financial products referred to in this communication.