from my understanding, the online banking does require a card to be linked, be it credit, debit or ATM card.
if you cancel it afterward, the access would still work, just that you won't be able to unlock your account without using a card in the future if you accidentally lock your account.

and yes, the ocbc staff also told me that the staff is also required to pay RM8.48 for the debit card.

Actually, it depends on the individual bank. Some banks like Maybank & CIMB require an ATM / debit card to be linked to online banking meaning it is required. While others like UOB or Hong Leong does not need the card for online banking. As for OCBC, an ATM / debit card is not required for online banking. However, you can only perform IBG and not IBFT as OCBC requires the card for doing online IBFT. This is not the case for UOB or HLB where the card is not required to do online IBFT.

One possible workaround is to cancel the card and later apply for a basic savings account with no annual fee. You will get a debit card (if OCBC is phasing out all ATM cards) with no annual fees for this new account. Link it to your existing account.

The new bank rakyat debit card come with embossed printed name, so it might be useful for overseas usage eg car rental preauthorisation.

And they have cashback promo now for petrol and I think it will end this month unfortunately.

Locking the account? Do you mean that the wrong password to the online banking website is inserted for three times and then your access to the website is disabled?


Should that worst case scenario happen, must the bank customer pay the annual fee and the penalty fees to get a debit card, to reinstate the access to the online banking website?

Thank you for sharing your in-depth knowledge in comparing the linkage between online banking website and the debit card. It is indeed very insightful.

If the OCBC bank customer chooses not to obtain the OCBC debit card, at the very least, IBG can still performed via OCBC Online Banking, as you said. That is quite barebone, but it is still sufficient for me to control my saving account via OCBC Online Banking.

For OCBC Bank, the basic saving account is called EasiSave Account.



Even the account holder of EasiSave Account also have to pay RM 8.48 of annual fee, for the OCBC debit card. As such, the bank does not comply with the ruling of Bank Negara Malaysia in ensuring no service or maintenance charge for the ATM / debit card linked with the basic saving account.

I did ask OCBC Customer Service, about the annual fee of the debit card for EasiSave Account. Unlike other banks like Maybank, CIMB and RHB, OCBC Bank does not provide Option 1: No Annual Fee, for the EasiSave Account.


This post has been edited by kart: Sep 19 2017, 04:33 AM

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This post has been edited by cybpsych: Sep 19 2017, 07:26 AM

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I do not think it is necessary to get a debit card to unlock the account. I believe it can be performed over the counter at the account holding / home branch or contact centre. Different banks have different procedure though.

OCBC does not provide a basic savings account with no annual fee? EasiSave is the basic savings account with unlimited withdrawal option, by right, it should have annual fee. However, there is no annual fee charged on this account and no annual fee on the ATM card. All OCBC ATM cards have no annual fee, only a one-time fee. So, it does not matter if there is only 1 option. That is how it was originally.

However, recently OCBC introduced debit card to replace ATM card. The debit card comes with an annual fee and they charge everyone including EasiSave account holder? Even if they do not charge you on the card, maybe they can argue that they can charge you on the account since the account allow for unlimited withdrawal. I wonder if they can actually do that without offering the no annual fee option.

Fees and charges info are available - OCBC Fees and Chargeshttps://www.ocbc.com.my/assets/pdf/Conventional%20and%20Islamic%20Banking%20Fees%20and%20Charges.pdf



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I have queries on True Debit card by Ambank.

1. The annual fee will be charged from 2nd year onwards but it will be waived if it is tied to any BSA, so if I wanted to avoid this, I need to open a BSA and tie my True debit card to it right?

2. The free 5 meps per month. Does it applies to Meps withdrawal made to the BSA using True Debit card or it will only applies for Meps withdrawal made from Transact Acc?

3. If Free meps withdrawal only applies for Transact acc, do I need to transfer amount from my BSA to the Transact acc every time I make any withdrawal?

Thank you. Hope to hear from you guys soon.

?Hey this promo for PBB debit card:

https://www.pbebank.com/pdf/Promotions/tc_d...le_rewards.aspx

got this clause (16)

[attachmentid=9157906]


This means the "highest number of transaction" get cashback right NOT "first come first"?

This post has been edited by alvinfks78: Sep 21 2017, 09:44 AM

read #14

#16 only for those with multiple cards; the crediting of cashback is given to the card/account with the highest count of transaction. read again what #16 explains.

Yes thanks my bad

This post has been edited by alvinfks78: Sep 21 2017, 10:13 AM

Really?thats great. Last time only pbb debit card got embossed name

Nom-el, I fully agree with your opinion.

For me, if OCBC dictates that EasiSave Account is their version of Basic Saving Account, OCBC Bank must ensure that EasiSave Account complies with the ruling of Bank Negara Malaysia in ensuring no service or maintenance charge for the ATM / debit card linked with the basic saving account.

Yes, EasiSave Account currently offers unlimited ATM withdrawals, via the OCBC ATM / Debit Cards. So, we can say that the current offering of EasiSave Account is actually Option 2: With Annual Fee (Unlimited Withdrawals).

What is missing now for EasiSave Account is the Option 1: No Annual Fee (Limited Withdrawals). By right, OCBC Bank cannot refuse to offer Option 1 for EasiSave Account, since it is their Basic Saving Account.

I did send an e-mail regarding this issue to OCBC Bank, and the bank said that they do not offer Option 1 for EasiSave Account.

MilesAndMore

Referring to CIMB Basic Current Account (Option 1: No Annual Fee) https://www.cimbbank.com.my/en/personal/pro...nt-account.html, it is clear that I need to place a minimum initial deposit of RM500.

After this CIMB Basic Current Account 1 (BCA1) is opened, will CIMB deduct some money from my current account, for the issuance of the cheque book?

Thank you for your information.

Why PBB exclude this contest from credit card holder? 😡

I am also a dissatisfied customer who just got my ATM card changed to the debit card recently, I'm holding an Easi Save account. No charge for replacement of ATM to debit card but there will be annual charge of RM8.48 which is yet to due at this moment
I think it is unwise to pay for it. even credit card which offer 20 days interest free period, (not to mention some added offers like 0% BT, free PPL access though not all cards) can waive the annual fee. But debit card with a charge? we withdraw our own money, we spend within our limits, so what is the rationale of charging? What's wrong with it if we visit the ATM frequently though I only visit once a month ..
I'm thinking to cancel off the debit card next year before it's anniversary to get rid of this RM8.48. To withdraw money from the easi save account, maybe I'll just IBG to my Maybank account (my Maybank debit card is the one without annual fee) and withdraw from Maybank ATM. The hassle is to transfer to Maybank but just to pay RM0.11 which if turns to 12 month, yearly charge is RM1.32, the good point is Maybank's branches is everywhere
Side note: I replaced my ATM card to debit card in October but my card anniversary is on June..so it's not really 'annual'
Those who haven't but wish to replace their OCBC ATM to debit card may visit the branches which are open on Saturdays http://ocbc.com.my/personal-banking/index.html

For the current accounts (other banks) that i use, yes. They will deduct the cheque book issuance fee from the current account. Delivery fee will also be deducted if you request the cheque book to be sent to your correspondence address. No delivery fee is you opt to collect the cheque book at your account holding branch.

Finally manage to change my Hong Leong Bank savings account to BSA without annual fees.
Here are the hassles I went thru just to resolve this issue:
At first went to home branch but was told no such thing I told them it's stated in HLB website, also called HQ only they admit have such product.
Then, I was told that need to open new BSA without annual fees instead of change/convert from existing SA, and I agreed but was excused that system offline for the branch, unable to perform account opening.
I was told to go other branch if want to open the BSA, and I follow their instructions and went to other branch. When went other branch, I was told the same story again - no such SA without annual fees then I slowly explain to them and they verified have such BSA
When they verify my document to open BSA, they notice that I have existing SA and told me I can change/convert my existing SA to BSA without have to open new BSA but only can be done at home branch
I told them I just came from home branch and the story home branch told me, finally they filled up a request form and send over home branch to perform my request as only home branch can perform the account change request.

After few weeks suddenly remember this and check at my Hong Leong Connect, finally can see the account type changed to BSA, contacted and confirmed with CS that my account is now BSA with no annual fees without to have open new BSA.




This post has been edited by #Victor: Oct 10 2017, 11:41 AM

Dishonest people everywhere. Glad that u manage to do it despite the trouble. I plan to close my SA after I withdraw my FD.