How it works
Take the foreign cheque or bank draft into your local Kiwibank.
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.
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
To find out more, call us on 0800 222 490.
Download Kiwibank’s Terms and Condition (PDF 180.3 KB)s for crediting foreign cheques to your Kiwibank NZD account.