Let me tell you one thing that irritates the heck out of me whenever I want to purchase something; the insistence on the method of payment to be in cheque. This just plain unnecessary in my point of view. Cash is cash. Whether its plastic cash, cold hard cash, or even cash in the form of cheques… it is still cash!
The fact of the matter is that getting a checking account is not really a simple process. There’s just too many loops to go through and frankly, I don’t this it’s worth the pain. Mind you, this is in Malaysia where bureaucratic nonsense rules supreme. Which is why I wish that simple processes like those employed by WaMu would reach here faster!
Maybe that day will come soon enough. I really hope that the liberation of the local financial market were to be followed through much faster. Right now, all the buzz seem to have died. Banks are no longer merging and thinking that they by themselves could take on the likes of Citibank and DBS. Dream on Malaysian banks!
Getting back on the topic, do you run a business? Does your business insist on transacting exclusively using cheques? If yes, in the name of everything holy, pray tell me why?!