Fast AdSense Funds Withdraw for Malaysian Publishers using Western Union

A Malaysian AdSense publisher has been invited by google to try out new payment option for Malaysian publishers — withdrawing AdSense revenue via Western Union. It is a good news if the new service is available to all Malaysian publishers in the future.

How much time needed for a Malaysian publisher to receive and cash their AdSense cheques?
Currently, it takes about two weeks to receive an AdSense cheque via standard delivery from Google. And, around 30 days for bank to clear the AdSense cheque.

Western Union is much faster

If use Western Union, it takes only two days to receive your AdSense payment in Malaysian ringgit. Isn’t it great?


Western Union Agents in Malaysia

According to Western Union website, there are three agents in Malaysia:
1. POS Malaysia Berhad
2. umiputra Commerce Bank
3. RHB Bank Berhad

My two cents

Time saving is great, but my main concern is the processing fee for using Western Union. I would rather wait for one and a half month if the charge is expensive. Anyway, the Malaysian publisher said it is free during the trial period.


[Thanks, Din]
Adapted from : http://www.liewcf.com/

Which is best Malaysia bank to bank in U.S. check?

Generally, the exchange rate and check processing time are about the same among local banks. The exchange rate is between 3.77 to 3.78 (check current exchange rate). The time to process the check will take about one month.

According to the thread I started in WebmasterMalaysia.com and readers’ feedback, here is the comparison of US check processing fee(per check) between different Malaysia local banks. Not sorted in any order.


Hong Leong Bank: RM50 + RM10 (courier) + USD75 (Citibank Delaware)
MayBank::
0.1% of the cheque amount drawn in RM with minimum of RM25.00 and maximum of RM100.00
PublicBank:
0.1% of cheque amount (min: RM20, max: RM100)
Postage: RM5
Stamp duty: RM0.15
HSBC:
0.1% of cheque amount (min: RM10, max: RM100)
Stamp duty - RM0.15 per cheque
Other charges - below 10k = RM1.15
EON Bank: RM10
BCB (CIMB):
0.1% charge (min: RM5, max: RM100)
Postage: RM5
Stamp duty: RM0.15
The 0.1% is only applicable if it is above USD 1000.
Note: You can deposit your check to the home branch only. But, you can mail your check to your BCB account’s home branch for bank-in.

RHB:
Postage: RM5.00
Stamp Duty: RM0.15
Commission: 0.1% of your cheque amount (minimum RM 10.00 and maximum RM 100.00)
Standard Chartered: 0.01% of cheque amount OR min RM 50.
Bank Muamalat: RM5
Alliance: ~RM70
Southern Bank: RM30 + RM0.15 stamp duty.
Note: Result is compiled from the forum thread and comments in this page, no personal verification done. If you have updated information of any bank’s check processing fee, please let us know in the comment.


Adapted from : http://www.liewcf.com/