Corporate Cheque Cashing
Turn business cheques into cash or a transfer — without waiting on a bank hold.
Corporate cheque cashing, done properly.
Receive a business cheque and need the funds now, or in another currency? We cash eligible corporate cheques for registered business clients — into Canadian dollars, a foreign currency, or straight into an international payment — once the cheque and the business are verified.
What you get
Faster access to funds
Eligible cheques from known payers can be cashed without a multi-day bank hold.
Cash, transfer or currency
Take Canadian cash, convert to USD or another currency, or send it on as a wire.
CAD and USD cheques
Canadian and US-dollar business cheques are accepted, subject to verification.
Fully documented
Receipts and FINTRAC records for every transaction, for your accountant.
How it works
- 01Open a corporate account with us once
- 02Call ahead with the cheque amount, payer and currency
- 03Bring the cheque and ID; we verify the cheque and payer
- 04Collect cash, or we convert and transfer as instructed
Built for businesses that move money abroad.
- Businesses paid by cheque by customers
- Contractors and trades
- Companies receiving USD cheques
- Firms needing funds in another currency quickly
What we need to open your account
- Articles or certificate of incorporation and your business number
- Government photo ID for each director or authorized signing officer
- The names of beneficial owners holding 25% or more, as FINTRAC requires
- A short description of your business and the payments you expect to make
- The cheque, payable to your business, with the payer's details
You provide these once. As a FINTRAC-registered Money Service Business we're required to verify every corporate client before the first transaction.
More for business
All business services →- Import & export payments Pay overseas suppliers and receive from foreign buyers — at interbank rates, on your schedule. Learn more →
- FX concierge A dedicated dealer who knows your business, your currencies and your deadlines. Learn more →
- Supplier invoice payments Pay supplier invoices anywhere: international wire (TT) or Alipay for suppliers in China. Learn more →
- Corporate cash management Bulk foreign cash, scheduled currency orders and large exchanges — counted, documented and ready when you need them. Learn more →
Questions
Which cheques can you cash?
Business cheques payable to your registered company, in Canadian or US dollars, once we can verify the cheque and the payer. Call ahead with the details and we'll confirm before you come in.
What does cheque cashing cost?
It depends on the amount and the cheque, and you get the exact price before you commit. Asking costs nothing — call ahead with the details.
Can I convert a USD cheque straight to CAD?
Yes. We cash the USD cheque and convert it at our live rate, or pay it out in USD if you prefer.
Is Diplomat Exchange licensed?
Yes. Diplomat Exchange Inc. is registered with FINTRAC as a Money Service Business under MSB number M23907027, and follows Canadian record-keeping and reporting requirements on every transaction.