05/04/2026
We want to keep you in the loop on an upcoming industry change that may impact how foreign and Canadian checks are processed.
For now, Latah Credit Union can still accept these checks for deposit. Because they’re processed differently than standard checks, they may come with longer hold times, possible fees, or collection-only handling depending on the item.
Looking ahead, the Federal Reserve will discontinue its Foreign and Canadian Check Service at the end of 2026. That means:
✔️ You can continue depositing foreign & Canadian checks for now
⏳ Processing times may be longer
📅 Services may change or become unavailable after December 4, 2026
If you regularly receive international payments, especially for business, this is a great time to start exploring alternative options to avoid future disruptions.
Have questions? We’re here to help every step of the way!