Knowledge Base Issues

What is a current account?
A current account is a form of deposit account that allows, among others, payment by way of cheques 1. This Knowledge Base category highlights the basic requirements relating to the operation and...
What is the foreign cheque clearing process in Malaysia?
If you deposit a foreign currency denominated cheque issued by an issuer from that foreign country (e.g., the cheque, denominated in Pound Sterling issued by a person residing in the UK and the...
Who is responsible for dishonouring my cheque?
The paying bank is responsible for determining whether payment should be made to you.
Which technique should be used to fill in a cheque? Must a signature be made in the signer's own hand?
A cheque must be filled in using one of the methods below: Computer printed Typewritten, for example by using a typewriter. However, a word of caution though, as it appears that it is possible for...
What can I do if the cheque I banked in was returned to me for reason "account closed"?
You will have to recover the amount directly from the person who issued the cheque to you.

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