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 Advice on Maybank Current Account, Need Advice

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acbc
post Jun 18 2011, 04:02 PM

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I have 3 company accounts with Maybank (all are enterprise) and M2U is free. Only if company is S/B, u need to pay RM 100 per month. Since my new company is a S/B, I will share u a trick to save money.

Assuming all 4 accounts in the same branch, u simply write a cheque from the S/B account and do a house cheque clearance (manually at the counter). The money will transfer from S/B to enterprise account after 5pm same day.

Now, with money in the enterprise A/C, u login as per usual and pay bills, salaries and etc...

Been doing this for years and not a single problem. Only thing is u need to keep records.

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