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Collection is made through the banks.
You save money since Inward Bills for Collection-i is less expensive than a Documentary Credit-i.
You will receive your shipping documents upon payment or acceptance, or other terms.
Eligible for buyers of both domestic purchases and/or imports
Type of products / services | Fees & Charges | Cut-off time for transaction to be processed |
---|---|---|
Collection Service | 0.1% flat on Collection value.
Minimum RM50;
Minimum RM50; |
Monday to Friday: 4:00 p.m. same day
(Crediting of funds by receiving Bank on the next business day - estimation) |
Commission in lieu of exchange | 0.1% flat on FCY settlement value.
|