using pin is better I think than signature based.
more convenient and fast.

Hi I just want to ask sifus here about Cimb Islamic bank acc and their debit card.

Now I'm holding the WADIAH savings account-i with the Islamic debit Mastercard. Correct me if I'm wrong but I think both annual fees are charged for this account...
which are
RM8.48 acc annual fee.
RM15.90 for debit card annual fee.

I'm just wondering if there's any way I can avoid these two fees?
Should I change to Basic savings account-i with no annual fee. And I'm not sure if I opt for Basic savings acc and debit card I still need to pay the debit card annual fee.

I have been having this account for too long now only I realised the charges imposed.

Thanks for the reply. I am holding the debit Mastercard now and have been using it as my primary online transactions card.
My profit rate is 0.9 for this wadiah savings acc. If I'm not mistaken when I opened it few years ago it was called mudharabah acc. So I don't know since when it changed name as wadiah savings acc. Lol

Anyway,if I want to change to basic savings account-i. What will happen?

They will close my old acc and open new one as I walk in or I can just call cimb to do the changes for me and transfer all the money from old acc to the new one then?

This post has been edited by eeeglow24: Jul 13 2016, 10:03 PM

Alright thanks man!

Thanks for the reply. I think I'm gonna call the bank soon to clarify things.

Actually that RM15 that you are saying is debit card annual fee which is charged for all debit cards issued by cimb. It will cost users RM15.90 (including GST per annum). As with BSA, there are two options,
1. BSA with annual fee (RM8.48 per annum) - this acc will give you unlimited withdrawal per month.
2. BSA without annual fee - you will be given 8 free atm withdrawals per month. This acc is good if you plan to have an acc which limits the amount of withdrawals you can make.

By default, in the system, CIMB sets the system to opt for BSA with annual fee (RM8.48). So you are advised to confirm the banker to open you the right acc if you want without annual fee. I have experienced this before, I opt for one without annual fee but the banker being so confident has accidentally open an account with annual fee. So what I did is I bring the bank manager to the problem and ask so that the account to be closed immediately and open me the right account in which she did it anyways since her employee was at fault.

Btw, cimb is one of the most expensive bank if you want BSA with debit card, the total would be RM24.38 per year (both BSA annual fee and debit card annual fee). If you want an account with no charges and limited withdrawal, you can always go for BSA without annual fee with Maybank and get their debit card too as they will not charge annual fee for both debit card and the BSA bank acc.

Yup in your case your total is RM15.90 per year will be charged.
You're same as me. I'm also having BSA without annual fee.

I just hope they will abolish that debit card fee this year.

Ya sorry I think I might be wrong too. Thanks for the heads up. I think I got confused with the other savings acc which charged both annual fee for acc and debit card.

Can someone advise me further on my case here. Just opened the basic savings with public bank. But the banker give me the wrong debit card. I ask for Petron visa debit but was given the Mastercard debit card. What should I do now?
But I did insist that I want Petron Debit card during registration.

Okay thanks will do that later.

Thanks.

Don't know if this is the right thread to post.
These are my transaction on Visa Platinum Debit few days ago.

-Transaction date: 18/6/17
- amount charged in foreign currency: £237.47
- amount billed in MYR: RM1319.34
- Final exchange rate: 5.5558

Based on this I calculated that the fee for Maybank Debit Card Visa is 1.2525%. Is that correct?

This post has been edited by eeeglow24: Jun 21 2017, 10:30 AM

Thank you for the suggestion.

Can you please confirm that the amount that I would pay if I were to use Cimb Mastercard Debit card will be RM1323.79?

I calculated this based on transaction date 18/6/17 and using mastercard exchange rate with 1.9899% mark up.

Thanks.

Thank you.

I had last time used Cimb Debit Mastercard on 9/5/17 for the amount of £16.99 transaction and the amount I paid is 97.38 (marked up 1.99%).

Thats why I thought that the mark up amount is 1.99/1.9899, not 1%. And based on this mark up rate, I got RM1323.79 as the amount for £237.47 for transaction dated 18/6/17.

Am I correct on this?

Thanks.

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.

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.

Not yet. Last month also like this. It will appear on 27th but the date on statement, it will show as if it was added on the 25th.

Weird cimb as always.

Or maybe it was only a prepaid card, the system might have delays.

This post has been edited by eeeglow24: Oct 27 2017, 01:54 AM

Not yet. For Lazada cashback I've received it already. But for the bonus cash rebate for September, still have not received yet.

This is the first time it became very very late

Just got the bonus cash rebate reflected, somehow it is miscalculated. So waiting for CRU to reply email.

Wow congrats. I just realised mine also no problem I think, CIMB did not pick up one of the payment I made in late Aug because there was problem in Lazada ordering system making my order being delayed for two weeks.

So I think all good for me now. Let's see if it will be reflected next month. Hopefully it will.

I'm still waiting for the reply from CIMB regarding this.

As for CIMB, I have two accounts. My BSA option 1 comes with debit mastercard and no annual fee for both the debit card and the account.

However, my other cimb account is charged for annual fee for Debit card (15.90) and also annual fee for account (8.48).

I hope this will help you decide.

Basically you need to close your existing account and open BSA option 1 if you do not want annual fees.

Thanks.