Revised Stamp Duty Charges on Cheque Related Instruments
Dear Valued Customer,
We wish to bring to your attention the recent update regarding the revised stamp duty charges on cheque-related instruments, as outlined in the Finance Act 2024, gazetted on 31 December 2024.
In line with this update, the bank is revising applicable charges to ensure compliance with the new requirements.
The revised stamp duty charges for cheque-related instruments are as follows:
Transaction Type
Existing Stamp Duty
Revised Stamp Duty
Cheque Book (inclusive of Cashier’s Order)
RM0.15 per cheque leaf
RM1.00 per cheque leaf
Demand Draft
Foreign Cheque
MIDF / MIH Public Issue
RM0.15 per cheque leaf
RM1.00 per cheque leaf
Should you have any questions or require further clarification, please do not hesitate to contact our customer service team or visit our nearest branch.
1815-A, Jalan Perusahaan, Auto-City North-South Highway, Juru Interchange 13600 Prai Penang.
Frequently Asked Questions (FAQs) on Stamp Duty changes:
No
Questions
Answers
1
Why is there an increase in the stamp duty for Cheque Book Issuance and Deposit of Foreign Cheque?
The increase is pursuant to the amendments outlined in the Finance Act 2024, gazetted on 31 December 2024. The amendments apply to all financial institutions, with the revised stamp duty taking effect from 1 January 2025.
2
Can I make a request to be exempted?
Unfortunately, no. Stamp duty is payable to Lembaga Hasil Dalam Negeri (LHDN).
3
Is the RM1.00 stamp duty charged per cheque leaf or per cheque book?
It is charged per cheque leaf.
For instance, a cheque book issued with 50 pieces of cheque leaf will incur a stamp duty of RM50.00, payable by the customer.
Fixed Deposit
Branch Operating Hours with effect from 3rd November 2021
Bangkok Bank Berhad (“BBB”) continues to provide quality service and remains committed to serve all our valuable customers.
Please be informed that effect from 3rd November 2021, our branch operating hours are as follows:
Day
Operating Hours
Mondays to Fridays
9:30 a.m. to 4:00 p.m.
For more information, please do not hesitate to contact your designated BBB personnel and / or branches, or alternatively call us at our General Line: 03 – 2174 6888 / [email protected].
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