05Jun Best bank to bank cheque from US – CIMB
I have to thank LiewCF for the tip on where to bank in our US cheques and get the best rate. Previously, I used Maybank and it was so expensive. Each cheque, regardless of the amount, I have to pay more than RM65 per cheque. I finally opened the account with CIMB in February and notice that CIMB really charge me RM10 for the bank charges and RM0.15 for the stamp they use to mail the bank in slip.
However, I am not sure if CIMB foreign exchange rate is the best because according to my husband who is an accountant, some banks give higher foreign exchange rate if the amount is huge. Anyway, for all these small amounts, I don’t get to negotiate much so I am happy with the RM10 charge instead of the exhorbitant charges from Maybank.
Can you share what is the rate our banks in Malaysia charge? Not that I want to open another account because I like CIMB as they are opened till late on Saturdays and even Sundays.
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June 5th, 2007 at 1:39 am
Bank Muamalat is the lowest. RM5 :mrgreen:
- MENJ
June 5th, 2007 at 8:42 am
Great information, I never bank in any cheque from oversea, but I think I will make use of your information very soon :)
June 5th, 2007 at 10:00 am
Haven’t tried banking in foreign cheque (that tells you how sloooowwww my adsense earnings are) but will put into my CIMB account when it’s here.
June 5th, 2007 at 10:04 am
RHB charges me RM15 and exchange rate really low at 3.4 only.
June 5th, 2007 at 10:45 am
thx for that piece of info. will be handy soon for depositing adsense check, ya, finally after 4 months, have enuf for adsense to mail a check.;-)
i wonder how long does it take to clear the check? few years back, was told by hsbc’s staff it will take 1 month to clear foreign personal checks, don’t know got improved or not?
June 5th, 2007 at 12:29 pm
how do u bank in ur cheque? via cheque deposit machine or counter?
i opened my acc at KLCC, ppl there tell me to bank in foreign bank cheque via counter..and counter onli open weekdays… (they have special ppl working with the foreign bank cheque, who is not working on weekends, *sweat* ) so, no use to me even the bank is open during weekends.
But i still bank in my adsense cheque via machine… coz i really no time to bank in my cheque during weekdays.
June 5th, 2007 at 12:53 pm
cely – Yeah, need to go personally and sign at the back of the cheque for CIMB.
leah – With Maybank, it was very long, cos they claim they need to post the cheque to US for verificaiton *rolls eyes*. But with CIMB, I think only three weeks.
andrew – The rate keeps falling. Haih…
pablo – Hahaha, have to wait a longggg time for the first one to come but after that, it is quite constant.
kenny – Yeah, don’t go Maybank or UOB cos both charge sky high.
menj – Do they accept non-Muslims? I am really curious.
June 5th, 2007 at 1:21 pm
auntie, bank islam is only a name. they accept everyone in this world as their client. no problem about that. in fact, if you see the real situation, you will know that most of their members are chinese.
June 5th, 2007 at 10:14 pm
I dunno about UScheques but my s’pore cheques clears two days from the day i banked in. The charges are very minimal too, Maybank
June 6th, 2007 at 12:33 am
Did you actually get paid from ppl clicking it or other method?
June 6th, 2007 at 10:50 am
thanks for the plug. For others’ information, here is the link to Best Malaysia Bank to deposit AdSense Cheque.
June 6th, 2007 at 11:42 am
I saw non-Muslims walking into the bank, for what’s worth :) Its a bank which adheres to Islamic financial principles, but its not closed to non-Muslims, okay? :)
- MENJ
June 7th, 2007 at 12:29 pm
wah….so expensive to bank in wit maybank….when i receive my us cheque in future no way i gonna bank in with maybank….well, i gotta check the rate in sg since i’m living in sg :)
June 7th, 2007 at 7:52 pm
Anyone want to share what’s the exchange rate you all got from CIMB.. :) mine was quite low..I think it’s about 3.37.. don’t remember the exact figure…