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Cheque Deposits

Cheques can only be deposited into the following Great Southern Bank Accounts.

  • Everyday Account
  • Everyday Edge Account
  • Everyday Business Account
  • Everyday Youth
  • Everyday 50+
  • Prime Access
  • Platinum Plus
  • Cash Management
  • Freedom Plus
  • Everyday 55+

Cheques cannot be paid into a credit card, term deposit or a loan account.

How can I deposit cheques into my Great Southern Bank account?

1. Visit a Great Southern Bank Branch.

The easiest way to deposit a cheque into your Great Southern Bank account would be to visit your nearest Great Southern Bank branch and have one of our friendly customer service representatives help you.

2. By mail

If visiting one of our branches is not possible, you can download a deposit form here.   Send your completed deposit form and cheque(s) to the address below.  Note: You should retain a copy / photo of the cheque/s for your records.

Deposit form

Great Southern Bank,
Refer Chequing,
GPO Box 100,
Brisbane,
QLD 4001.

3. Bank@Post

If depositing a cheque made payable in your personal name, you can deposit it into your Great Southern Bank personal account with exactly the same name at your nearest Australia Post office displaying the Bank@Post logo. You will need to present your Great Southern Bank Visa Debit card and some form of identification – e.g. your driver’s licence.

Unfortunately you will not be able to use this service to deposit a cheque made payable to a business / organisation, joint names or trust.

4. Great Southern Bank Encoded Deposit Book

You can make deposits to your Great Southern Bank transaction or savings account through any branch of another bank using our specially encoded Great Southern Bank Deposit Book. Please note:

  • Cheque deposits made at another bank’s branch have a five business day clearance period, however interest will accrue from the date the deposit is received by us.
  • Where a split of cash and cheques is deposited via another bank, the entire deposit will be subject to clearance because we won’t know the cash/cheque break-up.
  • The other bank may charge a fee for accepting the deposit.

You can request a Great Southern Bank Deposit Book at your nearest Great Southern Bank branch or call 133 282 and speak to one of our friendly staff.

5. Depositing a Cheque drawn on a bank outside Australia.

If you choose to use our foreign cheque conversion service, you should know:

(a) All cheques made payable in a foreign currency will be presented to the relevant foreign bank through our processing agent Western Union Business Solutions.  If the presentation is successful, Great Southern Bank will deposit the AUD amount received from our agent into your account.

(b) Foreign cheques can take up to 8 weeks to clear due to international banking processes.  This timing is outside the control of Great Southern Bank and Western Union Business Solutions.

(c) Due to administrative fees charged by foreign banks and our processing agent Western Union Business Solutions, some foreign cheques must be of an amount equal to or greater than USD$350:

  • Any foreign cheque in SGD;
  • Any foreign cheque in HKD;
  • Foreign cheques in Euro and drawn in Malta

If the cheque amount is lower than the expected bank charges, the cheque will be returned without processing.

(d) Western Union Business Solutions will use their exchange rate at the time of payment to convert the funds into AUD.

(e) Great Southern Bank accounts will only be credited when cleared funds are received. Great Southern Bank cannot provide any estimated timeframes and accepts no responsibility for any delays.

(f) Before processing any foreign cheque for deposit, the expiry date will be checked.  Any foreign cheques that have an expiry date occurring within the next six weeks will be returned without processing.

(g) Stale cheques (cheques dated more than 6 months ago) or cheques dated past their printed expiry date cannot be accepted.

(h) Notification of a dishonoured foreign cheque will be advised by our processing agent at any time during the clearance period and can even occur after the cheque has cleared.

(i) The payee must sign (endorse) the back of the cheque.

(j) The name quoted as the payee on the cheque must be the same as the account holder in our Great Southern Bank records.  A cheque endorsed to another person or business cannot be posted to us for deposit.

(k) Cheques made payable to joint names must be deposited into a joint account in the same names.

(l) Great Southern Bank will deduct a Foreign Currency Deposit (draft and cheque) fee from the AUD amount received via our processing agent.  This is in addition to Western Union Business Solutions fees and charges and any other financial or intermediary institution involved in the transaction. Please see our Schedule of Fees at: https://www.greatsouthernbank.com.au/__data/assets/pdf_file/0022/8185/RC00023_REV200916_Schedule-of-Fees_FINAL.pdf

(m) Great Southern Bank cannot accept any foreign cheques drawn on an Australian bank.

(n) NZD cheques are not accepted.

6. Alternative to foreign cheque deposits

As depositing a foreign cheque can take weeks, next time consider using our inwards telegraphic transfer service.  Great Southern Bank’s inwards telegraphic transfer service (available to view here) is significantly faster (usually credited within 2 business days of funds being sent).