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 Instant Transfer (DuitNow) & Interbank Giro (IBG)

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Denis
post Jun 20 2012, 02:59 PM

Getting Started
**
Junior Member
285 posts

Joined: Nov 2011
QUOTE
- Basic Savings Account, Basic Current Account, Basic Savings Account-i & Basic Current Account-i > RM0.50/transfer for the first 2 IBG every monMAYBANK / MAYBANK ISLAMIC

th, RM2/transfer thereafter

- All other account types > RM2/transfer
I used Maybank2u to transfer my MBB saving account to OCBC, but the charges is RM2 per transaction (one transaction only per month) instead of RM 0.50 per transaction.
Any tips for this?

This post has been edited by Denis: Jun 20 2012, 03:01 PM
Denis
post Jun 21 2012, 09:25 AM

Getting Started
**
Junior Member
285 posts

Joined: Nov 2011
QUOTE(ronnie @ Jun 20 2012, 03:49 PM)
You need to use Maybank Basic Savings Account (not Kawanku Savings Account) to perform the IBG to get 50 sen charge for 1st two IBG transacations
*
Thank.

QUOTE
MBB Basic Savings Account
A no-frills savings account with no service or maintenance charge
Effective rate:
0.30 - 1.66% p.a.

Minimum deposit:
RM20

* Eligible for protection by PIDM

Benefits

Earn interest irrespective of account balance
No service or maintenance charge as long as a minimum balance of RM20 is maintained
Free mini statement

Option 1
*Payment of RM8.00 annual fee:-
Unlimited OTC transactions and ATM cash withdrawals.
First 2 GIRO transactions in a month at a fee of RM0.50 per transaction and RM2.00 from the 3rd transaction onwards.

Option 2
*"Pay-as-you-use" (no annual fee):-
6 over-the-counter (OTC) visits.
8 free ATM cash withdrawals. No fee shall be imposed for non-cash withdrawal transactions (e.g. balance inquiry or fund transfer within Maybank).
First 2 GIRO transactions in a month at a fee of RM0.50 per transaction and RM2.00 from the 3rd transaction onwards.


From the above, for MBB Basic Saving Account, option 2 is more favourable since I don't have to pay RM8 annual fee.
Do I miss somethings? Any other hidden cost?

BTW, is it possible to transfer MBB Kawanku saving account to MBB Basic Saving Account via Maybank2u?
Any charges involve in the transfer?

This post has been edited by Denis: Jun 21 2012, 09:31 AM

 

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