Where/How can I encash a US Treasury check in Australia ? Of course, for the least fee.

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    I see there is a close vote for this question. I personally think it's OK but explaining how it is relevant to expatriates could perhaps be useful. – Gala Mar 11 '15 at 9:42
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    Is this different from any other kind of US cheque? Also, I wonder if Money.SE mightn't be a better home for this? – Gagravarr Mar 11 '15 at 10:32
  • I am posting it in the expatriates site because I hope to find more than one person who moved away from America and has received tax returns in a check. And what are the ways one goes about encashing them. I checked with my local bank and they said they have never dealt with this before but looked up a few books and said "you can get your money in 20 weeks mate" - which is a lot of time – happybuddha Mar 12 '15 at 7:06
  • @Gagravarr: At least within the US, Treasury checks are handled specially; there are different rules for depositing and clearing them (including shorter hold periods). I suspect it probably won't make a difference in this case, but it is certainly worth mentioning. – Nate Eldredge Mar 13 '15 at 2:42

I've deposited Treasury (tax refund) checks twice in Melbourne, at the bank (nab). Once they insisted in locking it up for three months, and once I got the money in a few days. Same bank, same branch, similar amount. No idea why but didn't want to ask too many questions :)

The bank takes a fee of about $15 AUD - I don't know if you can get a better deal elsewhere.

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