I have a foreign check that I will be mailing to Processing Alliance for collection. When filling out the Foreign Item deposit form do I list the check for face value or use the current exchange rate to calculate the actual value of the check?

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I have a foreign check that I will be mailing to Processing Alliance for collection. When filling out the Foreign Item deposit form do I list the check for face value or use the current exchange rate to calculate the actual value of the check?

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Foreign checks should be sent to Processing Alliance at face value.

Exchange rates change daily. CorpOne will process the Foreign checks and post the true value including the exchange rate once they have received credit for the item(s). The credit union can view the transaction history on MemberView and post funds accordingly.

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I have a foreign check that I will be mailing to Processing Alliance for collection. When filling out the Foreign Item deposit form do I list the check for face value or use the current exchange rate to calculate the actual value of the check?

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I have a foreign check that I will be mailing to Processing Alliance for collection. When filling out the Foreign Item deposit form do I list the check for face value or use the current exchange rate to calculate the actual value of the check?

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