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 Instant Transfer (DuitNow) & Interbank Giro (IBG)

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ronnie
post Dec 31 2011, 12:20 AM

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QUOTE(aeiou228 @ Dec 30 2011, 05:17 PM)
Rentas is the cheapest if you do it before 11.30am today. The interest lost over the 2 days non clearing weekend will make you cost of transfer expensive if you opted for other mode of fund transfer.
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RENTAS via SCB cost RM9, right ?
aeiou228
post Dec 31 2011, 02:10 PM

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QUOTE(ronnie @ Dec 31 2011, 12:20 AM)
RENTAS via SCB cost RM9, right ?
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Yes. RM9 alright.
oldman8088
post Dec 31 2011, 06:58 PM

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QUOTE(MilesAndMore @ Dec 30 2011, 02:46 AM)
Banker's Cheque is the cheapest one i believe.
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No, withdraw CASH is the cheapest way thumbup.gif
I used to carry more than 100k
TSMilesAndMore
post Jan 1 2012, 12:09 PM

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QUOTE(oldman8088 @ Dec 31 2011, 06:58 PM)
No, withdraw CASH is the cheapest way  thumbup.gif
I used to carry more than 100k
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Suggested that to other people. All of them were not comfortable carrying such a big pile of cash though.
MGM
post Jan 1 2012, 11:14 PM

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If it is a cheque-account and you intend to transfer to another bank's fd account, issuing cheque is the cheapest at 15sen and banks will take the current date as the fd starting date.
ronnie
post Jan 1 2012, 11:58 PM

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QUOTE(oldman8088 @ Dec 31 2011, 06:58 PM)
No, withdraw CASH is the cheapest way  thumbup.gif
I used to carry more than 100k
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If I drive an armored Hummer + Vin Diesel-lookalike + The Rock-lookalike .... blush.gif blush.gif
cenkudu
post Jan 16 2012, 10:34 PM

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I have few questions indirectly to IBG:

-I heard it is difficult to open Citibank even basic savings account. In case we have credit card with them, is it become more easier?
-I have other types of savings account with Maybank, is it possible to open another basic savings account?
TSMilesAndMore
post Jan 16 2012, 11:05 PM

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QUOTE(cenkudu @ Jan 16 2012, 10:34 PM)
I have few questions indirectly to IBG:
Well, what you asked indeed have nothing to do with IBG. Anyway...


QUOTE(cenkudu @ Jan 16 2012, 10:34 PM)
-I heard it is difficult to open Citibank even basic savings account. In case we have credit card with them, is it become more easier?
It's kind of true. The chance of your application to open a savings account with them is higher provided you are already working and having a credit card with them would be a plus. Basically, you will be asked to sign on a signature card and they will help you to key in all relevant information such as name, address, work place, profession etc. and they shall get back in the next few days to you whether or not your application to open a savings account with them is successful. If it's successful, they will mail the VISA debit card to your correspondence address and you are required to deposit some money into the account asap.


QUOTE(cenkudu @ Jan 16 2012, 10:34 PM)
-I have other types of savings account with Maybank, is it possible to open another basic savings account?
Not too sure about Maybank but it's definitely not a problem with Public Bank and CIMB Bank.

This post has been edited by MilesAndMore: Jan 16 2012, 11:06 PM
cenkudu
post Jan 17 2012, 01:27 PM

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Thank you for your response, open basic savings account with citibank this morning. as usual their officer push for other type of account which requires more deposit :-) and yet they themselves are not aware about the IBG charges, which she told me RM 2 per transaction


TSMilesAndMore
post Jan 17 2012, 04:22 PM

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QUOTE(cenkudu @ Jan 17 2012, 01:27 PM)
Thank you for your response, open basic savings account with citibank this morning. as usual their officer push for other type of account which requires more deposit :-)
Did they give you an answer whether or not your application to open a savings account is rejected or you were asked to wait too ?


QUOTE(cenkudu @ Jan 17 2012, 01:27 PM)
and yet they themselves are not aware about the IBG charges, which she told me RM 2 per transaction
As usual, bank employees don't even know their own bank's products doh.gif
cenkudu
post Jan 18 2012, 12:04 AM

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QUOTE(MilesAndMore @ Jan 17 2012, 04:22 PM)
Did they give you an answer whether or not your application to open a savings account is rejected or you were asked to wait too ?
As usual, bank employees don't even know their own bank's products  doh.gif
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oh my application to open the basic savings account was approved straight away but I bring along my payslip and employment letter which I never done before to open any savings account biggrin.gif your advice yesterday has help me a lot. plus i have credit card with them. the visa debit card also I got on the spot
TSMilesAndMore
post Jan 18 2012, 12:59 AM

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QUOTE(cenkudu @ Jan 18 2012, 12:04 AM)
oh my application to open the basic savings account was approved straight away but I bring along my payslip and employment letter which I never done before to open any savings account  biggrin.gif your advice yesterday has help me a lot. plus i have credit card with them. the visa debit card also I got on the spot
I guess your payslip and employment letter did the trick biggrin.gif Last time i was like shakehead.gif when they said i must give them my employment details and will only get back to me once they have verified everything. It wasn't like i was applying for their personal loan or credit card then doh.gif
dawho
post Jan 19 2012, 12:30 PM

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hi sorry for this noob question guy....wanna ask how to bank in online throught cimb clicks..??in the main page which menu should i choose...the schedule transaction or transfer fund??

TSMilesAndMore
post Jan 19 2012, 01:22 PM

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QUOTE(dawho @ Jan 19 2012, 12:30 PM)
hi sorry for this noob question guy....wanna ask how to bank in online  throught cimb clicks..??in the main page which menu should i choose...the schedule transaction or transfer fund??
What do you mean by "bank in online through CIMBClicks" ? Do you mean you want to transfer money out to another bank through your CIMB Bank account via online banking ?

dawho
post Jan 19 2012, 01:26 PM

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QUOTE(MilesAndMore @ Jan 19 2012, 01:22 PM)
What do you mean by "bank in online through CIMBClicks" ? Do you mean you want to transfer money out to another bank through your CIMB Bank account via online banking ?
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yes...transfer to another CIMB account..do in need to go the the transfer fund menu?
TSMilesAndMore
post Jan 19 2012, 01:58 PM

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QUOTE(dawho @ Jan 19 2012, 01:26 PM)
yes...transfer to another CIMB account..do in need to go the the transfer fund menu?
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Yes. Transfer Menu > 3rd party transfer > key-in all required details and amount.

dawho
post Jan 19 2012, 02:04 PM

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QUOTE(MilesAndMore @ Jan 19 2012, 01:58 PM)
Yes. Transfer Menu > 3rd party transfer > key-in all required details and amount.
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is the 3rd party transfer same with the "To Other CIMB Accounts"?
TSMilesAndMore
post Jan 20 2012, 12:13 AM

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QUOTE(dawho @ Jan 19 2012, 02:04 PM)
is the 3rd party transfer same with the "To Other CIMB Accounts"?
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Yes
dawho
post Jan 20 2012, 08:35 AM

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QUOTE(MilesAndMore @ Jan 20 2012, 12:13 AM)
Yes
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ok...thanks a lot.. biggrin.gif
kwokwah
post Jan 27 2012, 08:52 AM

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My personal experience:
1.Interbank Transfer is most expensive with Maybank @ RM2 (Premier Savings ac).
2.MEPs withdrawal at OCBC (from MBB) is RM4.

I thought all interbank withdrawal at MEPs were at RM1. Is it standard for for withdrawal at foreign bank at RM4? What about foreign bank to foreign bank?

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