Travelex has launched a foreign currency cheque service in Australia. Travellers, expats and global workers can now pay cheques from banks abroad into a local bank account.

A large number of people and firms in the country still receive cheques from overseas for refunds, insurance payouts or one-off payments.

Such cheques often come from places like the US and UK, where they remain more common.

At the same time, major banks are withdrawing support for foreign cheques. The new service is meant to fill this gap.

“From travellers, expats or customers receiving a payment from abroad, this is all about making international money access and management simpler and safer,”

said Asokan Sathurayar, ANZ Managing Director at Travelex.

For now, the firm accepts cheques in US dollars, Canadian dollars and British pounds.

The service is open at 60 stores across the country. These include airport stores in Adelaide, Cairns, Perth and Sydney.

Other services from the firm include foreign cash, a prepaid travel money card and international driving permits.

Featured image: Edited by Fintech News Australia, based on image by Travelex via its Press Release and toia via Magnific.