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 Foreign Currency Cheque

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jack2
post Dec 25 2023, 09:25 AM

Mr
********
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15,192 posts

Joined: Oct 2004
yes, they can do clearance for you, but you need to perform via counter, not cheques deposit machine.
jack2
post Dec 25 2023, 12:06 PM

Mr
********
All Stars
15,192 posts

Joined: Oct 2004
QUOTE(nexona88 @ Dec 25 2023, 10:50 AM)
Cheque deposit is not very big issues actually...

Just go the bank counter & done with it...

The biggest issues next is your foreign income....
Banks might ask... Also probably LHDN too...

And since u full time with KKM... There could be some issues too... Because u got paper trail $$$...

Others gomen staff might does side work / business... It's mostly cash basis... So no paper trail $$$.... Kinda safe from those agencies & banks....
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Never mind la.. he can come and consult from me on tax matters.
jack2
post Dec 28 2023, 09:05 PM

Mr
********
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QUOTE(gabkwong2 @ Dec 28 2023, 08:34 PM)
I went to a few banks, they say they are not accepting foreign cheques/checks at the moment.
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which banks?
jack2
post Dec 30 2023, 03:02 PM

Mr
********
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QUOTE(gabkwong2 @ Dec 30 2023, 01:46 PM)
Updates :
I have called JP Morgan Chase and Bank of America malaysian branch, they say they dont deal with these kind of stuff, they only deal with investments.

and Dont have the time to travel to a foreign country just to deposit a small amount check/cheque. Dont forget Im a full time doctor and already running a few part time projects myself.
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Last time I went to Maybank and they do have. Even HSCB pun ada, they just send the cheque to clear.

I think the branches you went, malas to entertain you.

Why dont you tell the cheque issuer to use TT instead. It is very common now.

QUOTE(Wedchar2912 @ Dec 30 2023, 02:08 PM)
can't see the number... what is the amount? if a few hundred, forget about it...

if bigger, just walk into your local bank like cimb or hl and ask the branch manager to help clear the check. it takes a few weeks to months...

i had done it once many many many years ago, and the headache was the name on the check is obviously different from my IC name (due to silly surname/family name and first name arrangement).

good luck.
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It is 6500+ over USD

 

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