Vews / Opinion on the Processing Fee of 50 Sen per Cheque

Dear SMA Members,

Bank Negara Malaysia (BNM) encourages businessmen to use electronic payment instead of cheque. The fee for Interbank GIRO or IBG transactions done online via internet banking and mobile banking is at 10 sen.

Banks will impose a cheque processing fee of 50 sen on the issuer of the cheque with effect from 1 April 2014.

Members are invited to provide their views / opinion on the processing fee of 50 sen per cheque.

The closing date for submission is 13 November 2013.

Best regards.
Yours faithfully,
Yeo Eng Hock
Executive Secretary
Sarawak Manufacturers' Association (SMA)
Tel: 082-244682 (SMA Office Hours: 1.30 pm till 4.30 pm)
Fax: 082-248923
http://smasarawak.com.my
E-mail: sma@smasarawak.com.my, sma1963@streamyx.com

Posted Date: 10 Nov 2013