Final answer:
Typically, foreign and Canadian checks sent for collection can take 4 to 6 weeks to be processed, with fees deducted, before the funds are deposited into a customer's account. The time frame accounts for verification and currency exchange processes.
Step-by-step explanation:
The question pertains to the processing time for foreign and Canadian checks when they are sent for collection. Typically, it can take anywhere from 4 to 6 weeks for the proceeds, minus any service fees, to be deposited into the customer's account. This duration may vary depending on the bank's policies, the countries involved, and the efficiency of the intermediary banks. The complexity of international check clearing procedures necessitates this extended processing time, which factors in various checks for fraud, currency exchange, and verification processes between the banks in the sending and receiving countries.