DISQUS

hanyi · 4 years ago

good job there with the comparison, liew. it will definitely help many bloggers to compare and cut down on the processing charges. and if anyone found out more infos, please inform liew so he can update it here and in the forum for everyone to learn from. once again, good job, thanks and keep up the good work :)

kahsoon · 4 years ago

liew, why u dowan use rhb instead? like u said...free ma....im getting my first cheque pretty soon....took 3 months to reach my first USD100 =.=

LcF · 4 years ago

kahsoon: I am too late to found out that RHB is FREE charge!

colbert · 4 years ago

i wont use RHB as the BCB branch is nearer to my house. I've also applied for BCB internet banking

wired.pod · 4 years ago

btw, can the person's name to be in order of [First Name] [Last Name] or must it follow the IC style... ?

LcF · 4 years ago

@wired.pod: no problem, the order of first/last name is not important, as long as it is your name. :)

wongpk · 4 years ago

Damn man, I got only Hong Leong bank :P

red · 4 years ago

for public bank it has to be home branch too.

David CHin · 4 years ago

Thanks very much for this information! I shall post about this on my http://finfreequest.blogspot.com blog!

eklim · 4 years ago

ermm... any idea on OCBC bank conversion charges ?

Dino · 4 years ago

Though RHB is free and all, they are the one that started fees on ATM cards and all, followed by Maybank, etc ... then only standardized by BNM.

Maybank used to charge only RM7 something I think ... until they started the RM25 + $10. I used to clear my cheques with them.

So as for RHB, we never know how long that free is going to stand, especially when they know what other banks are charging.

dannyFoo · 4 years ago

Urm.. question on the Maybank payment.. why issit..

RM25 + USD10 ? (how'd the USD10 get in there..?)

LcF · 4 years ago

USD10 is the Charge for Oversea bank(Citibank deliware).

Albert · 4 years ago

Why don't add cnversion rate in as well... Maybe some give free but the conversion rate is like 3.6 while some charge RM20 the conversion rate is 3.8 That make big different for big amount of USD check.

LcF · 4 years ago

there is no fixed conversion rate, the bank will use the conversion rate of the date. Therefore, every bank has very similar conversion rate, normally around 3.7. You never get 3.8. :)

(BCB is 3.775)

anon · 4 years ago

i use telegraphic transfer.
fast, takes 2-3 days but cost USD40 per transfer.

Paul Tan · 4 years ago

The charges I got for Maybank is different. They said they'll charge me USD15, and the overseas bank will charge something too. Freaking expensive!

LcF · 4 years ago

Thanks you for the info, Paul.

Looi · 4 years ago

Checked with RHB today (17-Aug-05). They do charge fee and they have no idea the US agent fee to clear which can go anyway from USD 10 onwards. Need 1 month to clear.
Checked with Standard Chartered, the fee is 0.01% of cheque amount or min RM 50.

LcF · 4 years ago

Thank you, Looi. Is it possible to confirm the RHB fee?

Ben · 4 years ago

I have checked with 2 different branch of RHB bank and the officer said that the foreign check(US) will be impose RM15.15, and about 1 months to clear the check.

At the same time , also checked with BCB and their fee are


Less Than RM5000 Total Fee : RM5 + 0.01%
More Than RM5000 Total Fee RM10

RHB charges is slightly higher than BCB but it very convient since many branch of RHB open on Saturday and even Sunday ! until 6pm ..I find it very convenient to me as I am working during weekday.

Mohd Fairuz · 4 years ago

Hi guys,
Here's my experience with BCB:

For check below US $1000, BCB charges only RM10
For check above US $1000, BCB charges US$15 + RM10

Mohd Fairuz
Adsense Insider Secrets

lilian · 4 years ago

Wahhhh...I rugi banyak liao. I thot Maybank should be reasonable. But I only have accounts with Maybank and UOB wor.

LcF · 4 years ago

that's why I open a new bank account at BCB :)

david · 4 years ago

if you really want to cash it fast, consider Southern Bank JinJang branch
only takes 2weeks ++, the price to pay is very high fees RM70 + not too good conversation rate of 3.65

Mohd Fairuz · 4 years ago

With BCB, the fastest I got my check cleared = 2 weeks. The latest 35 days. The conversion rate is good. Previously at 3.77 now at 3.741.

Malaysian Webmaster · 4 years ago

Here's a link for Southern Bank charges:
http://www.malaysiawm.com/forum/showthread.php?...

The gist:
"Southern Bank will charge RM30 as service fee and RM0.15 for stamp duty.
It will take 21 days to clear. Therefore, the exchange rate will depend on the 21st day rather than the day you banked in the cheque."

menj · 3 years ago

I can confirm that Bank Muamalat charges only RM5 for processing. Probably the lowest in your list :D

- MENJ

Chin Chiun · 3 years ago

Hello guys,
I just wanna ask after u guys requested the USD cheque, how long does it take to reach malaysia? and wat postal service u guys use? Courier or just normal mail? if normal mail how long?Is it safe??? HOpe someone can reply me. THanks

Chiun

LcF · 3 years ago

Chin Chiun: it is normal mail, it takes 2 weeks.

Chin Chiun · 3 years ago

Thanks for ur reply LCF. Anyway i have requested for courier for my cheque coz it's quite a big amount and i dun wanna loose it. Another question is i thinking of opening an account in BCB bank. A normal saving account will do for banking a USD cheque?Thanks.

LcF · 3 years ago

Yes, a normal saving account will do.

koonming · 3 years ago

Hi,

I heard that now BCB charging extra 10 - 20 USD for oversea party bank charge ?

Can anyone confirm it ?

I just bankin my check today ! Hopefully does not have extra charges ..

LcF · 3 years ago

@koonming: BCB only charge RM10 for my last cheque (Oct 05)

ShaolinTiger · 3 years ago

Alliance charged me around 70RM in total for each cheque, most of it was accounted for by the courier charge (The cheque has to physically go back to USA to be verified).

Big-Daddy · 3 years ago

I'm about to open a BCB acc. Still free of charge now? Anyone know how to change the payee name in clickbank?

LcF · 3 years ago

@Big-Daddy: open a bank account is free of charge.

Big-Daddy · 3 years ago

i meant the processing fee is free

LcF · 3 years ago

BCB never provides FOC cheque clearing service.

gazard · 3 years ago

Just bank in my 1st adsense check to Public Bank.
The charges have changed:
0.1% for the check amount, minimun RM20
Postage - RM5
Stamp Duty - RM0.15
Current exchange rate is around RM3.54

LcF · 3 years ago

Thank you, gazard.

Apex · 3 years ago

Liew..remember a few days ago i asked you about can Google resend the cheque?Yesterday i received my first AdSense check. Believe it or not, it takes a month and a half to reach to my mailox. The payment date was April 1st (is Google was playing April fool with me?). I really thought the cheque will not arrive as my other 2 affiliate cheques which was mailed later than my AdSense check arrived first to my mailbox. I dont know why it took a long time but Google said they really can resend the cheque if it still not arrive on this May 25th. I still dont know which bank to debit the cheque, maybe Public Bank as it has lower the fees.

Ainuddin Mohamad · 3 years ago

Thanks a million for giving a comparison.
Need to change to a better bank.

Mohd Fairuz of Empayar Perniag · 3 years ago

Anyone know how to change the payee name in clickbank?

I don't think that's possible. If you want to change address, than that's okay but you'll need to contact them, and they'll change it manually.

leng · 3 years ago

Sorry if this is a bit off-topic but since this blog entry is about banks in Malaysia.. I thought I ask which bank will you suggest to me to start an account. I'm malaysian-chinese who works overseas (contract) and plan to open a savings account in malaysia on my coming vacation. I am thinking of opening account in RHB or Maybank but I'm not sure which is better. I want online banking so I can access my account even if I'm overseas. I will need the account to deposit checks issued by Google adsense and Paypal. I'd like also to use the savings account as debit card so it'll be easy for me to pay some bills.

I will really appreciate any suggestion - do I go for RHB or Maybank?

Many thanks.

Dan · 3 years ago

I called Affin Bank and the fee is RM20.15.

Daniel · 3 years ago

Hi Liew!

Recently I opened an account with AmBank for the purpose of deposting my USD cheque.

AmBank told me there is no other fees charges imposed for
depositing of foreign currency cheque(s) besides the the standard collection charges fee (0.1% flat, subject to a minimum of RM5.00 and maximum of RM100.00).

I found out that there is a differences of USD$15 for one of the USD cheque deposited. After making enquiry with the bank, I was told any USD cheque amount exceeded RM1,000 will have USD15 fees.

This is shocking in comparison to the email reply I got above saying no other fees bsides the standard collection fee.

I was thinking of opening an account with BBMB since many of you here recommneded BBMB.

How about you Liew? What bank are you using?

Is there any extra charges or fees for depositing of USD cheque when the amount exceed RM1,000 for BBMB account?

Thank you.

Lela Iskandar · 3 years ago

I have just received the real rate for RHB. I have used it but this time my conversion is really low. I contacted the bank support via email and this is the reply about the rate:-

"Further to your inquiry, kindly be informed that the charges imposed for foreign cheque will be as follows:
1. Postage: RM5.00
2. Stamp Duty: RM0.15
3. Commission: 0.1% of your cheque amount (minimum RM 10.00 and maximum RM 100.00)"

Thus, it's not a fixed $15.15. That is the minimum.

[Edited by request]

Lela Iskandar · 3 years ago

liew, pls delete my earlier comment. calculation error made at the 0.1% x 200. That should be = 0.2.

However, the RHB bank rate is correct.

LcF · 3 years ago

@Lela Iskandar: you mean 0.2% comission?

Lela Iskandar · 3 years ago

Liew, I wrote that 0.1% comission is = US20
That was wrongly calculated. So you can delete the comment from that point on.

LcF · 3 years ago

@Lela Iskandar: Thank you. RHB rate updated.

sherly · 3 years ago

Hi, I'm using Southern Bank , they took a commission charge of RM 30 + 0.15 Stamp Duty. Check takes 1 month to clear. One thing I don't like about the bank is they always ask me how I got the check, what is the purpose of the payment whenever I banked in. No privacy >

colbert · 3 years ago

so far Im using BCB and they only charge Rm0.15 each time I deposit a check. weird.

lilian · 3 years ago

And I am still using Maybank 'cos too lazy to open a new account. Each month, I kena deduct a lot from Maybank. So, nowadays, I prefer to take PayPal and cash it. Except cannot do it with Adsense's cheque but am taking Paypal for ReviewME, Text Link Ads and PayPerPost.

Daniel · 3 years ago

colbert... are you sure? wait till the bank send you remittance advice via post.

There will be RM10 commission plus another USD$15 for agent fee if your cheque amount is USD$1,000 or more.

So now I am donating more than RM60 every month to BCB.

lilian... How do you cash out for your paypal?

krul · 3 years ago

LcF,
can you include period for the check to be cleared for each bank?
tq

Lim · 2 years ago

I use Maybank and totally loss RM62 for each transaction of Adsense cheque. So, I hold my payment to let the money roll and then release, then forget to hold. They just send me small amount on cheque that causing the transaction loss.

Why not Adsense let us select desire amount for payment release? For example, I want them automatically release payment after reaching US$500.

Norish Aida · 2 years ago

Liew,

Thanks for the info. I really need it.

Jessica · 2 years ago

Based on the above, can I say HSBC is the best?
RM11 is charged no matter the total sum of the cheque amount?

Kris Khaira · 2 years ago

can you include period for the check to be cleared for each bank?"

Yeah that would be useful!

LcF · 2 years ago

It will takes about a month to clear the cheque, it applies to most banks.

MiSs LiLy · 2 years ago

For HSBC,
- do we have to go to home bank
- can we use the check deposit machine...

For CIMB
- do we still need to go to home bank to settle our check
- ca we use the check deposit machine..

thks..

p/s: just receive my first check too...eager to know this things... :)

sq · 2 years ago

for HSBC, I don't think you need to go to your home bank, unlike CIMB which makes you to do so which I think is pretty rediculous. And yes for HSBC you can use a cheque deposit machine. I write my name and account number at the back and sign it. I've always been using HSBC -RM 11.30 charge regardless amount of check and the time it takes is about a month.

MiSs LiLy · 2 years ago

thks sq,

that's the only answer I need....

~ is it I need to sign and write my details inside the space labeled as payee's endorsement? sorry for such silly question...don't want to make any mistake depositing my first check :P

as for CIMB, i do find it ridiculous, but i thought things might change after they change from bcb to cimb....who knows, mayb someone can update here..

thks again....

regards,
Lily

LcF · 2 years ago

@miss Lily:

~ is it I need to sign and write my details inside the space labeled as payee’s endorsement?

Yes, write your full name, phone no., account no., and sign in the space.

Nothing change from BCB to CIMB that I noticed.

MiSs LiLy · 2 years ago

another problem...for me...

I went to HSBC just now...and remember, this is the 1st time I use the deposit machine for foreign check...

there is no such option to indicate that i'm depositing a foreign check...it only ask for the amount...

any kind lad..can assist me here.. :(

sorry for another silly question..

regards

LcF · 2 years ago

@Miss Lily: no worry, just drop your cheque into the cheque deposit machine. The bank will handle the US cheque for you. If any problem, they will call you (since you wrote your phone number at the back of the cheque).

raz · 2 years ago

dear lcf,

ive just deposited my first cheque to muamalat..

but ive forget to fill anything on the back of the cheque..

i just write my phone number as requested by the clerk..

what u think will happen?

LcF · 2 years ago

@raz: did you ask me to guess? :)

Don't worry... Since you got the cheque deposit receipt/customer copy, you can check with the bank when you did not get the money after a month or later.

But, I think no harm to write more information at the back of the cheque. It is easier for the bank to track and contact you when anything goes wrong.

raz · 2 years ago

hehe..im too excited until i forget to read anything at the back and even left out my customer slip copy at the bank..

haha...

thanks lcf..hopefully nothing goes wrong..

ASF80 · 2 years ago

I just received adsense check, the payment was made to my name but not in FULL NAME as in my Kad Pengenalan. Only my name without my father's name like this:

AHMAD SUFFIAN (on check)
AHMAD SUFFIAN BIN TAHAR (on IC)

Can I still deposit the check and fund it into bank account?

thx

LcF · 2 years ago

@ASF80: I am not sure the bank will accept or not. You can try. Contact Google AdSense if it has been rejected by bank.

abu bakar · 2 years ago

i have receive two times check from adsense... i use maybank to cash in my check... but unfortunately... they cut to much..imagine i just only receive RM390 for usd 130 ... what a scam...

LuckyLily · 2 years ago

Hi LcF,

It has being almost 5 weeks since I deposit my first check...how long does it take to get the money in the bank...

by the way, i'm using HSBC for this case..

regards.

LcF · 2 years ago

@LuckyLily: 5 or 6 weeks, less than 8 weeks.

Andrew 123 · 2 years ago

Hi LcF,

So whats the best bank to consider??lowest fee, user friendly, good customer service,fastest to get your payment??

regards.

LcF · 2 years ago

@Andrew 123: I do not try all the banks listed. I use CIMB from the beginning till now. I would say they are reliable and reasonable fee (RM10+RM0.15). The time needed to process U.S. cheque is same for all banks -- around 1 month.

Vincent Chow · 2 years ago

Exchange rate is only 3.4 nowadays. CIMB only charge me RM10 + RM0.15 if not mistaken. And since the cheque is by US Citibank, wondering if it would be faster or cheaper if we bank into Malaysia Citibank.

Darma · 2 years ago

How long it will take for my 1st pin to recieve after my account reach $50
.And how long it will take for reach in malaysia for the total chechue after the 30th end of the moth the cheque is submit over there to us

LcF · 2 years ago

@Darma: 2 weeks or more, less than 1 month.

Darma · 2 years ago

Hey dude thanks for ya reply kindy good of your sevice fast reply of the question all ah my friends.bro How much the max i can do mthly with this adsense program.which bank i can clear my cheque with low cost.and fast clearing this cheque all

LcF · 2 years ago

@Darma: there is no max amount you can earn with AdSense, the more the better :) The cheque clearing time needed is about 3-4 weeks, it is same to most local banks.

Nik · 2 years ago

Hi All. I just received my first adsense check and like most of you, I'm very excited as well. Your posts on which 'bank is the best to...' have really help me to decide which bank to go to after writing this post. Thx a million.

digi · 2 years ago

i wonder can i ask google to do EFT directly into my US bank account or not?

menj · 2 years ago

Err...better change my link from http://blog.menj.org to http://www.menj.org :mrgreen:

- MENJ

Dave Lu · 2 years ago

Hi all, i have a question... you know sometimes english speaking countries like to mix up your full names..like in firstnames last names middle names stuff... anyone expereicned this? where the banks reject your checks becoz of incorrect names.. ie:

lu yean meng, dave - in i/c
yean meng dave lu - in chq?

hope it clarifies...
thanks.

LcF · 2 years ago

@Dave Lu: it doesn't matter. Both should work.

Dave Lu · 2 years ago

thanks boss!

Chris · 2 years ago

yeah. their check is by Citibank N.A. Wouldn't it be better to use Citibank?

Azahar HMPCSB · 2 years ago

I'm still waiting for my goole adsense's 1st cheque..and i might be using the hsbc's facilities..hopefully I will have my 1st cheque soon..;)

jejaka · 2 years ago

hi... i got some question from you guys... i had received my 1st check and submit it to cimb... i want to know what is it mean check cleared in my statement adsense account... the date show checked cleared was 26 jun ago.. but i still havent's see yet the money in my account bank... thnks for your helping!!!

LcF · 2 years ago

@jejaka: not sure what did you mean by "check cleared in adsense account statement". Local bank normally takes more than 30 days to clear a US cheque.

If you do not see the money 50 days after you bank in the cheque, please contact your bank. Remember to take the bank-in slip with you.

jejaka · 2 years ago

thanks for your quick reply... i mean “check cleared in adsense account statement” at account menu in payment history and the next step at my 'payment details' and that show 'check cleared'... i went to bank on 19 june for check bank-in... so i'm not clear what is it mean that 'check cleared'....

zaki blogjer · 2 years ago

I just call HSBC to deposit my cheque, this is their charge

Commission on cheques issued - 0.1% of cheque amount
Minimum charge: RM10
Maximum charge: RM100
Stamp duty - RM0.15 per cheque
Other charges - below 10k = RM1.15

LcF · 2 years ago

the "check cleared" means the check has been sent to you. It is not related to your check in your bank. Contact your bank if you do not get the money at end of the month.

LcF · 2 years ago

@zaki: thanks for the information. Updated and credit to you. :)

siong1987 · 2 years ago

For the CIMB, we can also deposit the cheque other than home branch. I tried before. But, it is quite annoying.

LcF · 2 years ago

@siong1987: thanks for the information. "quite annoying" means CIMB does not welcome you to deposit the cheque other than home branch, i guess. :)

luckylily · 2 years ago

comparing RHB & HSBC....which one is cheaper....i'm getting a few checks end of this month....considering to bank in with RHB since it is nearer to my home.....

pls advice...

LcF · 2 years ago

@luckylily: based on the information here, the fee & charges of RHB and HSBC is about the same. if I am you, I will choose RHB since it is more convenient (nearer to your home).

jejaka · 2 years ago

ya.. u r correct LcF as what u said b4... i'm quite hepi :) for today coz my check was cleared now at my bank account.. thanks!!!

luckylily · 2 years ago

@LcF

thks...do i need to go to home branch for RHB? anybody got any experience bank-in foreign check thru RHB check deposit machine...? or do i need to go to counter to bank-in... :)

LcF · 2 years ago

@luckylily: I am not sure about RHB, you may need to ask about it. I always use check deposit machine (CIMB) to bank-in my foreign checks. I think it works for other banks. Make sure you write down your fullname, telephone no, and account number at the back of the check. so that if anything goes wrong the bank can contact you.

LuckyLily · 2 years ago

@LcF

ok got it...thks for the reply...

cheers!!!!!

GG · 2 years ago

Hi All,

i have banked in my adsense cheque in CIMB since Aug 14, but i have yet to receive any $$ in my account. Anyone have any experience with CIMB before? How long will it takes?

dailymuscle · 2 years ago

Lately, ever since the merger, CIMB is now taking way longer to process my Google Adsense cheques. Before the merger, BUMIPUTRA COMMERCE (BCB) would allow me to get my money within a month. But now, it almost always touches 2 months.

Their customer service advises me that it can take anywhere from 45 to 60 WORKING DAYS for a foreign cheque to clear. Before the merger, I remember their customer service saying it was 30 working days.

Anyone else noticed this new inefficiency with CIMB?

Sha · 2 years ago

So now which bank is the best to cash out our cheque?

Cheers!
Sha of eMenang.com

laiyin · 2 years ago

As someone mentioned earlier, is there a way to set an amount eg. USD500 before the cheque is issued rather than putting a hold which we may forget to release?

LcF · 2 years ago

@laiyin: there is no way to set a withdrawal amount for AdSense payment

zaki blogjer · 2 years ago

Sha, i would say CIMB and HSBC.

But I'm using HSBC since they'll sms me when money is deposited into my account. No hassle

CIMB -10.15
HSBC-11.50

Marco · 1 year ago

Just received my first cheque yesterday, thanks for the info and I will do it with HSBC.

Marco · 1 year ago

By the way, can I bank in to HSBC thru ATM or I need to take a number? Which way is the best?

Marco · 1 year ago

Do you know that the US government has the right to withdraw the money from your bank account within 7 years of the transaction? Read full story at http://selfhelp4u.blogspot.com/2008/01/first-ch...

Alex · 1 year ago

Maybank is charging extra $10USD for every single US check that I've bank in.. Please update the info above.

maxi · 1 year ago

wow this thread useful for me i just clear it with mybank ermm it charges me RM200 for my check USD25000 last month from my adsense........i think if they pay through paypal is easy than check.....

susan · 1 year ago

has the rate gone up in CIMB? the staff told me that the rate has gone up to RM30 foreign check charges + RM 10 postage + RM0.15 stamp fees since last July 2007

LcF · 1 year ago

@susan: as far as I noticed, there is no increase of CIMB charges, still RM10 + RM0.15 stamp

bantingboy · 1 year ago

ehm..looks like CIMB is the best for our cheques..

od3n · 1 year ago

got my first check from google. thanks for the info which bank to deposit my money. i'll choose cimb bank. thanks again!!