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On 3rd January 2026, the Basketball Bank and Envelope Delivery for Laziness (EDL), witnessed by Country of OKITO (COO), Hammer of Justice (HOJ), Central Bank of Finance Department (CFD) and Bank of LuX, have all made a historical agreement on how can cheques be processed. Read our memorandum and agreement at https://coo.qq.thegwk.tk/article/mou-and-agreement-between-basketball-bank-bank-of-lux-cfd-and-edl.
After negotiating with EDL, the Basketball Bank is proud to announced that we will work with EDL to process your cheques.
Furthermore, the CFD has abolished all duty fees (such as stamp duty) in regards to cheques for the entire year of 2026. For more information, visit the CFD portal website at https://cfd.qq.thegwk.tk.
How much we are collecting for EDL Processing Fees?
EDL Processing Fees (starting 1 Feb until 31 June 2026)
QQ$0.00/leaf
During this period, Basketball Bank will COVER ALL processing fees. This means that you can transfer money between one to another with NO additional charge!
EDL Processing Fees (starting 1 July until 31 Dec 2026)
QQ$50.00/leaf
For every cheque leaf that you issued, EDL will impose a QQ$50.00 processing fee. This rate has been negotiated with Basketball Bank to set the most appropriate rate. You will only be charged with this fees automatically within 7 days from your Basketball Bank account after you issued cheque leaves.
EDL Processing Fees (starting 1st Jan 2027)
Awaiting...
We will wait for the feedback from the members of QQ to see whether to go forward with cheques and set the appropriate rate in the future.
How much are cheque books?
Cheque book
QQ$0.00/book
All cheque books are issued FREE for every Basketball Bank users. Users may renew their cheque book for FREE after at most 5 cheque leaves remaining. Users can choose how many cheque leaves they need in the cheque book, which are either 30, 60 or 90 cheque leaves.
*Subjected to change.
Penalty for wasting cheques
QQ$70.00/leaf
You will be imposed with a QQ$70 penalty for every cheque leaf that you didn't use or wasted (due to typo, broken cheques or damages to the cheque).
Basketball Bank strongly recommends all users to keep their cheque book properly, as well as to be cautious when issuing cheques to prevent any mistakes.
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