Many people have asked me this question. I am shy to say that I still stick to MayBank because it is convenient for me. You see, the cheques I received are not in my name (don’t ask why). So, I had it banked where it belongs. The freaking bank charges USD20 per cheque, irrespective of the amount. In total, I paid about RM65 per cheque.
Then, another bunch of cheques are in my name. And I only have a joint account in UOB which of course, is another exorbitant priced establishment. Again, I paid about the same amount. The USD 20 is because the cheques are couriered all the way back to US and back again for verification and clearance. Big DOH!
Some bloggers claimed they pay only RM10 for bank charges. I still don’t believe them until today. So, tell me, how much are you paying for bank charges for each USD cheques? I am supposed to move my lazy butt to CIMB to open an account but as I said, not all the cheques are in my name and my dear accountant hubby said it is too much work for him to open an account just for the savings of merely ringgit. Go figure.