- AmBank Extreme
- HSBC Advance
- HSBC Premier
- OCBC IQ Elite (**info provided by hye)


This is a current account.


Of course there will always be a string attached. No free lunch in the world after all. Anyway, this account requires the least deposit to maintain it.


No need millions ...

- HSBC Advance > RM20,000
- HSBC Premier > 200,000

HSBC account that needs millions to open is HSBC Private Banking account with HSBC Private Bank. Nearest country that offers such service is Singapore. HSBC Malaysia doesn't offer private banking service here. You need at least US$3 Million just to qualify and you will need a referral to get into HSBC Private Bank. No open application allowed. Most existing HSBC Group customers will get invited into HSBC Private Bank when their total cash deposit with HSBC Group reach US$10 Million.


OCBC Titanium MasterCard. Why ? Please check it out yourself at their website.

This post has been edited by MilesAndMore: Oct 19 2010, 07:10 PM

No. Should be : (SGD > USD > MYR) x #% admin fee = ###

Is this recent ? Because the bar has been set higher to US$3 Million. Since when i am not too sure though. And now you also need a referral to be a HSBC Private Bank customer. The one referring you to HSBC Private Bank could be an existing HSBC Private Bank customer or your Premier relationship manager.

Citi Private Bank on the other hand, requires a minimum liquid asset of US$10 Million.

I see ... i was told differently though. Anyway, wait till i am eligible then i can try it out myself

That was closed years ago. Heard it is also because rich Malaysians prefer to stash their cash outside of Malaysia so that make the private banking firm in Malaysia unprofitable.

Okay ! Thanks for the information. So the list now should be :
- HSBC Premier > unlimited
- HSBC Advance > unlimited
- OCBC iQ Elite > unlimited
- OCBC iQ Basic > 5/month
- AmStar Extreme > 5/month

By the way, AmStar Extreme also gives you 1.5% on all balances provided you keep at least RM5,000 in your account at all time. You also get 5 free non-AMBank ATM cash withdrawals.

Not necessarily. My mom doesn't have EPF statement. She applied for CIMB Gold MasterCard (her first), Maybankard Gold AMEX credit card, AMEX Green Charge Card, HSBC Amanah VISA Gold and Hong Leong Bank Gold MasterCard/VISA Gold. All approved

This post has been edited by MilesAndMore: Oct 20 2010, 12:26 AM

OCBC doesn't charge annual fee for its ATM card. They do however, charge RM8 for new card issuance and that's it. For replacement card, you'll have to pay RM12 like most other banks.

Most likely so. I can't find the interest rate for this account either.

But many current accounts in the market do come with interest nowadays. AmStar Extreme is one. Believe this is the best current account in the market thus far

And this is a problem how ?

Yeah. Knew it. Was just being sarcastic

I had this account. First two IBG in a month done online will only be charged RM0.50.


That's not true. I had Hong Leong Bank Basic Savings Account and they do not charge annual fee for their Basic Savings Account ATM card. EON Bank is the one that charge ATM card annual fee for their Basic Savings Account.


First two IBG done online in a month will be charged only RM0.50 for Basic Savings Account. Not sure what is the charge after the limit. They used to charge RM2 for IBG for all normal savings/current accounts but look like it's been revised down to only RM1.

This post has been edited by MilesAndMore: Oct 21 2010, 12:50 AM

May you requested to open a BSA but they opened a regular savings for you instead ?

Or
3. pay it over the counter at your card's issuer bank
4. cheque

Obviously the account has not been converted.

Yes. Sure. Will do it tonight

You can request the money to be refunded into your bank account instead. This happened to me just a few months ago with Air Asia.
November 2009 - bought 3 tickets from Air Asia using my HSBC VISA

May 2010 - trip canceled

June 2010 - requested for a refund. Was told it will take up to 1 month. Told the staff my HSBC VISA that i used to pay for the tickets will already be canceled then. She said they will refund into my bank account instead and i gave her my account numbers.

August 2010 - money was not in yet. Filed a complaint.

late September 2010 - money refunded to my bank account. Money came from Citibank. Citibank has got to be Air Asia's clearing bank then. Can imagine just how happy Citibank is. Must be one big fat account

This post has been edited by MilesAndMore: Oct 21 2010, 09:47 PM

Certainly


RM1,500 extra ? What bank is that ? I renewed one of my time deposit accounts with them in August and i got 3% for 12-month tenure. You have to specifically request for the Term Deposit-i though. It's a new product just launched a few months ago. Previously, HSBC Amanah only offered GIA.

HSBC Amanah Time Deposit-i offers 3%. If you opt for upfront interest payment, then you'll get only 2.90%. 3.33% is good indeed but it is too much a hassle just to open an account at Agro Bank to enjoy the rate. Besides, i am happy with HSBC so i am so not leaving them