I got the best Malaysia bank to deposit US cheque rate from LowYat website.

Hong Leong Bank:
RM50 + RM10 (courier) + USD75 (Citibank Delaware)

Maybank::
RM25 + USD10 0.1% of the cheque (min: RM25.00, max: RM100). USD15 + unknown charge from the overseas bank

Public Bank:
0.1% of cheque amount (min: RM20, max: RM100) Postage: RM5 Stamp duty: RM0.15

HSBC:
RM11

EON Bank:
RM10

CIMB:
0.1% charge (min: RM5, max: RM100) Postage: RM5 Stamp duty: RM0.15
Note: You can deposit your check to the home branch only. But, you can mail your check to your BCB account’s home branch for bank-in.

RHB:
Postage: RM5.00 Stamp Duty: RM0.15 Commission: 0.1% of your cheque amount (minimum RM 10.00 and maximum RM 100.00)

Standard Chartered Bank:
0.01% of cheque amount OR min RM 50.

Bank Muamalat:
RM5

Alliance Bank:
~RM70

Southern Bank:
RM30 + RM0.15 stamp duty.

Some of the process fees are cheap while some are very expensive. I have 3 bank account from the list above, Public Bank, Maybank and HSBC. Among 3 of them, HSBC processing fee is the cheapest ~ RM11. Why do I need to find the cheapest rate? I have a USD 20.63 cheque to clear. And I don’t want to waste the money for bank fee.

I bank in the US cheque in HSBC. It took exactly 1 month to clear the cheque. And charged RM 11.65 as processing fee. Hmm… I still prefer Western Union or PayPal payment. It is lot faster and easier. No need to show up at bank to get the payment. And no processing fee also…

• 4 Comments

Yeah… There is no more HSBC RM0.50 processing fee on Nuffnang cheque. I just notice that on my latest Nuffnang cheque.

No more HSBC RM0.50 processing fee

I mentioned that HSBC charged us RM0.50 processing fee on each Nuffnang cheque that we received. It should not charge us in the first place. And now HSBC did not charge me on my 6th Nuffnang cheque onward. Check back my previous Nuffnang cheques to get more information.

In the end, I would like to thanks Nuffnang for taking care of that RM0.50 processing fee for us.

• 7 Comments