I always think about the same thing about Banks. If something that is too good to be true, there is always a hidden cost, fund/cash locking for certain period of time with penalty etc.

There is no such thing as Free lunch from banks, they are a bunch of smart guys that trying to take ur money out from ur pocket with market gimmicks such as high interest rate etc. The only way to gain benefit from them is to look into the loop holes in the campaign/ offer they introduced, swapping in and out in diff manner to benefit their offer with minimize costing involve. I always like to look into way to get their offer. Such as open acc to get the free gifts and ciao immediately another month.

This post has been edited by billytong: Jun 23 2008, 12:14 PM

There are some offers that do not come with Penalty. or the penalty itself it far less than the gift worth. U just have to go back ur calculation and see whether it is worth it or not.