Cheques sent for overseas clearing

Frequently Asked Questions

1. When will the funds be credited to my account?
   We will credit the funds to your account as soon as we receive funds from the drawee bank. The period differs for each country, depending on the clearing regulations of the country from which the foreign cheque originated from.
2. What is the exchange rate used to convert the proceeds collected?
   We will convert the proceeds at the prevailing exchange rate at the point of crediting to your account.