If I recieve a cheque from Bank Of America/Merrill Lynch in NZD is there a fee to deposit this into my BNZ account? Will it be treated as a NZ Cheque?
Hi Sam great question! We will charge a $20 fee for the International Cheque, however there may be other fees involved from the other bank.
Hi there, it’s a $15 fee for depositing foreign cheques into a BNZ account. As foreign cheques can take up to 55 days to be cleared by the foreign bank BNZ must ensure there are enough funds in our customers account (and there is satisfactory account conduct) should the cheque be declined, even if the funds have been previously released.