by
Catalyst Corporate | Oct 06, 2023
Catalyst Corporate wants to inform its international service users of an important update regarding check processing for Australian Dollar (AUD) funds.
Effective November 1, 2023, Catalyst’s international check processing provider will discontinue acceptance of items drawn on Australia for Cash Letter or Collection. This change will not impact check processing for other countries.
To ensure a successful transition for our credit unions, Catalyst is adjusting its check processing as follows:
Deadline for acceptance
Catalyst will accept items in AUD funds through
Friday, October 20, 2023. This will provide sufficient time for processing and ensure your transactions are handled effectively. After October 20, 2023, Catalyst will no longer accept items drawn on Australia for Cash Letter or Collection. Please plan your transactions accordingly to avoid any processing disruptions.
To ensure a seamless transition, Catalyst recommends that you review your current processes and update them to support these changes.
Catalyst understands the significance of this change for your operations. We are committed to providing you exceptional service during this transition period and ensuring your check processing needs are met efficiently. If you have any questions, please contact our Member Services team.