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I'm not sure about msia but in singapore it cost $20+ admin charges to convert that cheque...
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yah
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If you bank in at EON Bank, it will charge you RM 10.00 and take a month to clear. Exchange rate depend sometime it's RM 3.77 or RM 3.78 depends but not more than RM 3.79.
And if you are muslim that your name has "Bin", you can bank in the cheque at EON Bank, eventhough your payee name do not include the word "Bin" like "Ali Abu" instead of "Ali Bin Abu". Other bank will not accept it, unless you can prove your identity and explain to them. Jawa
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if u clear your check at MAYBANK . The rate is USD 1 = RM 3.75 .
example : if u got USD 500 . Charge for Oversea bank ( Google inc currently using Citibank deliware ) USD 10 . So, Maybank will convert USD 490 to RM = 1850 . then Maybank will charge for their processing fee RM 25 . so...your Nett : = RM 1825 . you will get detail payment statement from maybank after 3 to 7 day your check credited to your account . time for credited : 1 month + Regards, p/s anyone from malaysia got FM radio from google for new year or cristmas gift .
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Cheque usually holds for 6 months. All types of bank will buy your cheque at the current exchange rates. They are fixed at 3.7X. Most will charge you an extra sum of fee for the process. I like to use BCB too to remit in my 2CO funds.
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i tried public bank it's 2% of your cheque but a minimum of RM20 or maximum of RM100 from the amount.
It also takes 30 days. it's standard. Also, take note, NEVER EVER use maybank!!!! It's hell expensive!!! USD 10 (they claims that it's a commission from the US bank) and RM25 for their own. It's definitely a daylight robbery. hehe ![]() |
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