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Subject:
Cashing US Dollar cheques in Australia with no fees??
Category: Business and Money > Accounting Asked by: zulu500-ga List Price: $10.00 |
Posted:
04 Apr 2005 23:19 PDT
Expires: 04 May 2005 23:19 PDT Question ID: 505084 |
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There is no answer at this time. |
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Subject:
Re: Cashing US Dollar cheques in Australia with no fees??
From: probonopublico-ga on 04 Apr 2005 23:26 PDT |
I don't believe that you can! However, if you use PayPal (if it's available in Oz) then this could prove more cost effective. Worth investigating. |
Subject:
Re: Cashing US Dollar cheques in Australia with no fees??
From: probonopublico-ga on 05 Apr 2005 01:24 PDT |
I don't know of any bank that makes any concession on its exchange deals. You are right, every PayPal user does have to register first but then nothing's perfect. In my view, PayPal is the wave of the future for small transactions because it is more cost effective. So Wave Clickbank G'bye! |
Subject:
Re: Cashing US Dollar cheques in Australia with no fees??
From: frde-ga on 05 Apr 2005 01:58 PDT |
For some years now, I have been associated with a company that is UK based and sets its prices in USD or GBP It simply maintains two bank accounts (with different banks) - one in USD and the other in GBP See whether you can open a USD bank A/C with a US Bank in Australia |
Subject:
Re: Cashing US Dollar cheques in Australia with no fees??
From: myoarin-ga on 05 Apr 2005 09:18 PDT |
I very seriously doubt you can make an arrangement with an Aussie bank that will reduce its fees, even if they are willing to open a US dollar account for you. They still have to handle the checks and probably do not tie into an electronic clearing network for US checks. If they did open an US$ account, at least you might save by not have exchange commissions on so many small deposits. My suggestion would be to try to open a bank account in the States, maybe with clickbank's own bank (on which they draw the checks sent to you) so that maybe you could arrange with them to have your US$ receipts credited immediately to the account. IF you have any US expenses, then this would also be convenient. If you don't, and also are dependent short term on that cashflow, well that isn't so advantageous. If this is interesting, you should talk to your Aussie Bank about whether they have an office in the States (probably, ANZ does), since this will make it easier for you to open an account, and for you to deal with them, allowing transfer of funds from the US account more easily and faster than by check. And see if clickbank can send the checks directly to that bank. If the solution should be an account with a bank that had to send you a check, the US bank should handle the exchanged to AUS $ and send you a check in them that you can deposit like any local check (it would be drawn on an Aussie bank, something to insist on). I hope that is of some help to you. |
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