Best Malaysia Bank to Deposit Adsense Cheque

Filed in: Adsense Tips, Make Money Online, Malaysia — June 7th, 2005
STOP paying bank charges, now you can receive AdSense money immediately via Western Union!

Got your first Google Adsense cheque (check)? Congratulations! Now, it is time to bank in your check. I will show you a comparison of processing fee between local banks.

Which is best Malaysia bank to bank in U.S. check?

Generally, the exchange rate and check processing time are about the same among local banks. The exchange rate is between 3.77 to 3.78 (check current exchange rate). The time to process the check will take about one month.

According to the thread I started in WebmasterMalaysia.com and readers’ feedback, here is the comparison of US check processing fee(per check) between different Malaysia local banks. Not sorted in any order.

  • Hong Leong Bank: RM50 + RM10 (courier) + USD75 (Citibank Delaware)
  • MayBank::
    • 0.1% of the cheque amount drawn in RM with minimum of RM25.00 and maximum of RM100.00
  • PublicBank:
    • 0.1% of cheque amount (min: RM20, max: RM100)
    • Postage: RM5
    • Stamp duty: RM0.15
  • HSBC:
    • 0.1% of cheque amount (min: RM10, max: RM100)
    • Stamp duty – RM0.15 per cheque
    • Other charges – below 10k = RM1.15
  • EON Bank: RM10
  • BCB (CIMB):
    • 0.1% charge (min: RM5, max: RM100)
    • Postage: RM5
    • Stamp duty: RM0.15
    • The 0.1% is only applicable if it is above USD 1000.

    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: 0.01% of cheque amount OR min RM 50.
  • Bank Muamalat: RM5
  • Alliance: ~RM70
  • Southern Bank: RM30 + RM0.15 stamp duty.

Note: Result is compiled from the forum thread and comments in this page, no personal verification done. If you have updated information of any bank’s check processing fee, please let us know in the comment.

Changelog:

  • 19 July 2007: Updated HSBC charge. Thanks, zaki blogjer
  • 5 December 2006: Added Southern Bank charge. Thanks, Sherly
  • 8 Oct 2006: Updated RHB charge. Thanks, Lela Iskandar
  • 13 June 2006: Updated Public Bank charge. Thanks, gazard.
  • 12 February 2006: Added Alliance charge. Thanks, ShaolinTiger.
  • 25 December 2005: Added Bank Muamalat charge. Thanks, menj.
  • 29 August 2005: Updated BCB charge. Thanks, kahsoon.
  • 26 August 2005: Updated RHB charge. Thanks, Ben.
  • 17 August 2005: Updated RHB charge and added Standard Chartered info. Thanks, Looi.
  • 6 August 2005: Updated Maybank charge. Thanks, Paul Tan.
  • 12 June 2005: Updated Maybank charge. Thanks, TienSoon.

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  • http://www.earningblog.com/ siong1987

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

  • http://www.earningblog.com siong1987

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

  • LcF

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

  • LcF

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

  • http://www.luckylily.com/ luckylily

    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…

  • http://www.luckylily.com luckylily

    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

    @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).

  • LcF

    @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).

  • http://www.ibiz2u.com/ jejaka

    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!!!

  • http://www.ibiz2u.com jejaka

    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!!!

  • http://www.luckylily.com/ luckylily

    @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… :)

  • http://www.luckylily.com luckylily

    @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

    @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.

  • LcF

    @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.

  • http://www.luckylily.com/ LuckyLily

    @LcF

    ok got it…thks for the reply…

    cheers!!!!!

  • http://www.luckylily.com LuckyLily

    @LcF

    ok got it…thks for the reply…

    cheers!!!!!

  • GG

    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?

  • GG

    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?

  • http://www.dailymuscle.com/ dailymuscle

    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?

  • http://www.dailymuscle.com dailymuscle

    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?

  • http://emenang.com/ Sha

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

    Cheers!
    Sha of eMenang.com

  • http://emenang.com Sha

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

    Cheers!
    Sha of eMenang.com

  • http://www.shichidaparents.com/ laiyin

    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?

  • http://www.shichidaparents.com laiyin

    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

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

  • LcF

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

  • http://www.blogjer.com/ zaki blogjer

    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

  • http://www.blogjer.com zaki blogjer

    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

  • http://selfhelp4u.blogspot.com/ Marco

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

  • http://selfhelp4u.blogspot.com Marco

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

  • http://selfhelp4u.blogspot.com/ Marco

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

  • http://selfhelp4u.blogspot.com Marco

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

  • http://selfhelp4u.blogspot.com/ Marco

    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-cheque-from-google-inc-adsense_19.html

  • http://selfhelp4u.blogspot.com Marco

    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-cheque-from-google-inc-adsense_19.html

  • Alex

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

  • Alex

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

  • http://internet-blogs.blogspot.com/ maxi

    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…..

  • http://internet-blogs.blogspot.com maxi

    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

    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

  • susan

    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

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

  • LcF

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

  • http://bantingboy.com/ bantingboy

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

  • http://bantingboy.com bantingboy

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

  • http://od3n.net/ od3n

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

  • http://od3n.net/ od3n

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

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