My Google cheques are cleared! This time it took roughly one month to clear into my Maybank account. I received 2 Google cheques in November 2006 and early January this year. I only got around to bank in my cheques on Valentine’s day, 14 February. It took roughly ONE MONTH for clearance and finally it’s in my bank account.

Bankslip dated 14 February 2007

Just today when I was doing some bill payments via Maybank2U, I noticed that the 2 cheques are cleared.

Screen capture from Maybank2U.com

If I’m doing the calculation right, Maybank actually charged me 12% for processing fee for each cheque.

Processing fee for cheque clearance from Maybank:
RM483.35(156.33 x 3.50) - RM547.15 = RM63.80

Processing fee percentage:
RM63.80/RM547.15 x 100% = 12%