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 Debit Card V2

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post Jan 6 2010, 04:00 AM

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opened an account at maybank, question is how do i know if my account is kawanku account or just basic savings account?
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post Jan 6 2010, 08:22 PM

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QUOTE(MilesAndMore @ Jan 6 2010, 11:50 AM)
You have to ask them what type of account is that. The minimum initial deposit for Kawanku Savings is RM250 while Basic Savings is just RM20. So what is the minimum initial deposit they asked you to deposit into your account ? Anyway, it's still better to confirm with them what account exactly you're holding.
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when i ask for the form to open account at maybank the officer gave me the form and told me the deposit is rm250. I did not ask what account it is. Is the form for Kawanku and basic savings different? What is the advantage of opening an kawanku acc?
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post Jan 7 2010, 05:13 AM

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QUOTE(MilesAndMore @ Jan 6 2010, 11:44 PM)
If they request for RM250 most likely it is Kawanku Savings. Some of the differences :

Kawanku Savings (option 1)
- No annual fee for ATM/VISA debit card
- Unlimited over the counter transactions
- 4 Free ATM withdrawals per month
- Subsequent ATM withdrawals above threshold in a month (5th, 6th, 7th and so on) will be charged RM0.50 per withdrawal but this will be automatically waived provided you have no less than RM5,000 in your account when this occurs

Kawanku Savings (option 2)
- RM8/pa for ATM/VISA debit card
- Unlimited over the counter transactions

Basic Savings Account (option 1)
- RM8/pa for ATM/VISA debit card
- Unlimited over the counter transactions

Basic Savings Account (option 2)
- No annual fee for ATM/VISA debit card
- 8 Free ATM withdrawals per month
- 6 Free over the counter transactions
- RM0.50 for the first 2 IBG

The Kawanku Savings Account option 1 is definitely the better choice as the penalty fee for 5th, 6th and so on ATM withdrawals in a month can be easily waived.

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i see, alright.. thanks for the info smile.gif

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