on 30-08-2018 08:10 PM
I have a cheque for $10,000 that I wish to deposit in my Bankwest account.
From what I can make out, this is over the limit to deposit at Australia Post. All the Bankwest branches within 2 hours of me have been closed down.
There seem to be no options for me to make this deposit?
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on 31-08-2018 08:44 AM
Our postal address is Bankwest, GPO Box E237, Perth WA 6842.
We recommend sending the cheque by registered post and including a note with the name, bsb and account number you want it deposited to.
02-09-2018 07:53 PM - edited 02-09-2018 07:54 PM
Other banks do not have a limit on the amount for cheque deposits at Australia Post, so makes it very awkward that Bankwest does have a limit. It would be good if the $6000 limit could be increased.
We set up our Bankwest accounts when there were lots of branches in Victoria (most of which have now closed) - and according to the reply above it seems now the only option for larger cheque deposits is the unwieldly, lengthy and costy process of registered post to WA.
on 03-09-2018 08:54 AM
Thanks for your feedback regarding the deposit limit @gwp, I'll be sure to send this through as I can appreciate this may be inconvenient for those who frequently receive large cheques.
on 21-03-2019 08:13 PM
I recently deposited a large cheque via BankPost in an amount upwards of $40k and it appeared to go through. I called Bankwest on the day to check if there was a limit on deposit amounts and was advised that there wasn't. Now I'm reading posts on this forum that state a limit of $6000. Has this changed? I assume my cheque wouldn't have gone through if the $6000 limit was in place.
22-03-2019 10:50 AM - edited 22-03-2019 10:56 AM
Hey @PK1606, thanks for getting in touch. I can see you have asked 2 questions over 2 posts, though I will respond to both here.
To clarify, the limit of a cheque being deposited via Bank@Post is $999,999.99 - the $6000 limit relates to cash deposits. I am very sorry for any confusion.
While it's not sent to a branch, Australia Post are an authorised third party, which is why there is a longer clearance time of up to 5 - 7 business days, for cheques deposited this way.
A Special Answer is a request to have your cheque cleared faster. This needs to be done in a branch at the time of deposit, wherein we will contact the initiating bank and request that they "release the funds" sooner. There is a fee for this, but no guarantee that we will receive a response from them, I do apologise for any inconvenience.
If you can remember when you called and who you spoke with, please do let me know so that I can ensure the feedback is addressed.
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