holy shitzo.. this is what im looking for... thank kiu!

i checked the website...... is this similar to how fixed deposit works?

yes, it is FD

It IS a fixed deposit, albeit in Islamic terms. I would advise you to pay a visit to the nearest Bank Rakyat for more information as the review is kinda mixed in this thread.

Thanks alot Davez89 and talexeh....

i will give bank rakyat a visit...looks like they have the best FD rates compared to all...

went to HSBC amanah Kota Damansara today, dissapointed to find out that existing HSBC advance account holder are not qualify for the FD offer, as Advance is consider Advance Amanah as well. Unless go for the Premier Account which need RM200K fresh fund.

Didn't you read the Terms & Conditions ?

OCBC Penang branch premier customer service is even slower than the normal counter service. This is my personal experience...no car park facility and service suck....Citi Gold is still the best....15sen for banker cheque and OCBC charged RM2.15 for a banker cheque

wow huge difference of rm2

15sen for UOB too.

Those cheap *******.. even 15sen also want to charge. They might was well give it away free.

Bro, since when OCBC charge RM2.15? As of last year, prior to me having PB with OCBC, they don't charge a single sen for cheques, yes more than 1, if the cheques are in my name from a single FD receipt. Now I have Current Acct with OCBC and I'll just transfer the amount into it.

Same for Alliance Bank - free too without PB.

Yah, sometimes it is faster to go to general banking hall for depositing and withdrawing our FDs.

UOB charge RM2.15 even if you are a PB customer.

HLB on the other hand charge RM5.15 but PB customer they charge RM0.15 for cheque.

To All:

Maybe we should recompile again the fee charged by the banks for cheques. Too lazy to go find previous posts. So guys, help out by copying below and post/edit where applicable. Will post at at post#1 later.

Banker's Cheque Fee (Not Bank Draft)

Affin - ?
Alliance - FREE
AmBank - ?
CIMB - ?
Citibank - RM0.15
HLB - RM5.15 (PB Customers RM0.15)
HSBC - ?
Maybank - RM5 or RM5.15?
OCBC - FREE (gsc please reconfirm)
PBB - RM2.15
RHB - RM5.15
SCB - RM2.15
UOB - RM2.15
Others - please state bank and amount.

This post has been edited by Gen-X: Jun 21 2012, 08:12 AM

OCBC charges RM2.15 for cashier's order.
HSBC charges RM5 for cashier's order for same day collection. Next day - RM2 (HSBC is so 'outdated'?)
Ambank charges RM2.15 for CO.

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Added on June 21, 2012, 9:16 amYour intention to transfer out $ from HSBC and issue a cheque to HSBC - would they have accepted this as fresh fund? i would not think so. But yes one of the T&C is - must be new to advance (amanah or not) account.

This post has been edited by ascend: Jun 21 2012, 09:29 AM

OCBC free if from FD Upliftment ..

is it written there min 5000? i cant find it in bank rakyat website.

CIMB
RM2.15
FOC for upliftment

http://www.bankrakyat.com.my/web/guest/pelaburanqiradh

not huge difference but highlighting the difference between OCBC premier and Citi Gold

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Added on June 21, 2012, 12:08 pmLast month I withdrawn my FD from OCBC and add on some money from OCBC saving account, they charged RM2.15 with the cheque on my name even though I am premier customer.

OCBC Rentas charged RM9. I cant remember which bank i went to recently charged RM7 for Rentas

This post has been edited by gsc: Jun 21 2012, 12:08 PM

Twice OCBC charged me RM2.15 for cashier's order for FD uplift. True for Ambank too. In fact, if you examine their fees & tariffs, you will not find fee-free CO even for FD uplift.

This post has been edited by ascend: Jun 21 2012, 12:11 PM

I figured its because you add money to the Banker Cheque.