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.

adsense, bank, cheque, malaysia, money

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LcF

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

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…
http://goldenfx.biz abu bakar

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…
http://www.luckylily.com/ LuckyLily

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.
http://www.luckylily.com LuckyLily

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

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

@LuckyLily: 5 or 6 weeks, less than 8 weeks.
Andrew 123

Hi LcF,

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

regards.
Andrew 123

Hi LcF,

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

regards.
LcF

@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.
LcF

@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.
http://www.sheeptech.com/ vincentchow

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.
http://www.vincentchow.net Vincent Chow

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

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
Darma

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

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

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

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
Darma

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

@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.
LcF

@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.
http://DomainNames.ebookSShopS.com/ Nik

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.
http://DomainNames.ebookSShopS.com Nik

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

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

i wonder can i ask google to do EFT directly into my US bank account or not?
http://www.ibnjuferi.com/ MENJ

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

- MENJ
http://www.menj.org menj

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

- MENJ
http://odysseydave.blogspot.com/ Dave Lu

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.
http://odysseydave.blogspot.com Dave Lu

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

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

@Dave Lu: it doesn’t matter. Both should work.
http://odysseydave.blogspot.com/ Dave Lu

thanks boss!
http://odysseydave.blogspot.com Dave Lu

thanks boss!
http://rangit.com/ Chris

yeah. their check is by Citibank N.A. Wouldn’t it be better to use Citibank?
http://rangit.com Chris

yeah. their check is by Citibank N.A. Wouldn’t it be better to use Citibank?
http://azaharuddin.blogspot.com Azahar HMPCSB

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..;)
http://azaharuddin.blogspot.com/ Azahar HMPCSB

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..;)
http://www.ibiz2u.com/ jejaka

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!!!
http://www.ibiz2u.com jejaka

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

@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.
LcF

@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.
http://www.ibiz2u.com/ jejaka

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’….
http://www.ibiz2u.com jejaka

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’….
http://www.blogjer.com/ zaki blogjer

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
http://www.blogjer.com zaki blogjer

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

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

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

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

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