How it works

Clearance times

It can take up to four to six weeks (or longer in some cases) for us to clear foreign cheques. We have to send the cheque back to the overseas bank that issued it before it can be cleared.

Dishonoured cheques

A cheque can be dishonoured if:

  • the sender stops it
  • there’s not enough money in the sender’s account
  • it’s stolen
  • it’s sent fraudulently.

When you present a cheque or bank draft, the money isn't deposited to your account until it has been cleared – you should be wary of accepting foreign cheques from new people or companies.

If the cheque dishonours, other banks involved in processing the foreign currency cheque or draft will charge dishonour fees. These fees may vary from bank to bank. We’ll pass these fees on to you.

What it costs

See our international accounts and services fees.


Download Kiwibank's Terms & Conditions or pick up a copy from your local Kiwibank.