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> What's the difference between, Local cheque & Outstation cheque? Serious Talk

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TSfinch!
post Feb 12 2010, 08:03 PM, updated 16y ago

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If the cheque issuer was Standard Chartered KL and I deposit into my CIMB bank, what should I choose?
Does it make any difference if i tick either of the option (Local or Outstation) on the cheque deposit form?
ExpZero
post Feb 12 2010, 08:07 PM

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no, local means same branch, will process on that day. While others will take 3 working days. If my memory serve me right as nowadays I'm not the person in charge this stuff anymore lol.
TSfinch!
post Feb 12 2010, 08:10 PM

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Oh ok.

But they have the option for HOUSE Check (in malay: cek cawangan ini) also.

wtf.
joe_mamak
post Feb 12 2010, 11:24 PM

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Local - Meaning cheques issued in the same zone as the receiving bank.

Outstation, would be something like a Penang bank cheque being deposited into a KL bank.

House cheque, cheque issued and deposited at the same bank branch.

euphoria88
post Feb 12 2010, 11:27 PM

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one is local the other outstation. Thats the difference
TSfinch!
post Feb 12 2010, 11:35 PM

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QUOTE(joe_mamak @ Feb 12 2010, 11:24 PM)
Local - Meaning cheques issued in the same zone as the receiving bank. 

Outstation, would be something like a Penang bank cheque being deposited into a KL bank.

House cheque, cheque issued and deposited at the same bank branch.
*
o shiat. i ticked the outstation cheque. blink.gif
will the cheque rejected?

QUOTE(euphoria88 @ Feb 12 2010, 11:27 PM)
one is local the other outstation. Thats the difference
*
Oh ok. Thanks.
joe_mamak
post Feb 12 2010, 11:37 PM

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QUOTE(finch! @ Feb 12 2010, 11:35 PM)
o shiat. i ticked the outstation cheque.  blink.gif

*
Shouldn't be. They will just tick the right one for you. smile.gif


lwb
post Feb 12 2010, 11:41 PM

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first tiem use cheque serbis ere, bro?
rilekla.. when your check goes through the clearing house, it will be orraiit.. jieu won't kina screwed by them icon_rolleyes.gif

QUOTE(finch! @ Feb 12 2010, 11:35 PM)
o shiat. i ticked the outstation cheque.  blink.gif
will the cheque rejected?
Oh ok. Thanks.
*
TSfinch!
post Feb 12 2010, 11:44 PM

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QUOTE(joe_mamak @ Feb 12 2010, 11:37 PM)
Shouldn't be.  They will just tick the right one for you.  smile.gif
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Phew. Thanks man.

QUOTE(lwb @ Feb 12 2010, 11:41 PM)
first tiem use cheque serbis ere, bro?
rilekla.. when your check goes through the clearing house, it will be orraiit.. jieu won't kina screwed by them  icon_rolleyes.gif
*
Yes kinda. laugh.gif Quite worried cuz its kinda big sum of money sweat.gif

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