Read on The Star today that come April 1 next year, banks will impose a cheque processing fee of 50 sen on the issuer of the cheque to promote greater efficiency says Bank Negara. This fee would be in addition to the existing stamp duty of 15 sen per cheque leaf.
And effective May 2, 2013, the fee for Interbank GIRO or IBG transactions done online via internet banking and mobile banking, would be at 10 sen.
Read more here: The Star..BNM: Banks to charge 50 sen to process a cheque from April 2014
Times they are a-changing..