More accurately, AmBank AmStar Extreme offers 5x free (online) IBG transactions per month regardless of account balance.

However, balances below RM3,000.00 will be imposed with RM5.00 fee per month and you only earn interest (1.5%) if you keep RM5,000.00 and above.

Been a happy user as the interest rate is not too shabby for a checking current account, and you also get 5x free MEPS transactions per month. The free IBG feature is perfect for paying all my credit card bills online!

Between myself and my wife, we have 3 such accounts (ie 2 individual and 1 joint a/c) and thus enjoy 15x free (online) IBG transactions every month. So I just keep a little more than RM5,000.00 in each of the accounts and any extra funds are placed in FD.