Common Reporting Standard
If you are not a tax resident in Malaysia, the Bank will be required to submit your bank records (every period) to the country where you resides (for tax purposes).

https://en.wikipedia.org/wiki/Common_Reporting_Standard

Malaysia will start to submit reports in 2018.

This post has been edited by ClarenceT: Jun 27 2018, 09:35 AM

You didn't tell us when you will get the first and subsequent statements (the statement date).
What if your first statement cycle includes both 27/3 and 3/4?

RM3 for RM3000. Lol.

Don't get addicted with CC -> Ewallet. You will see CC issuers slashing their rebate/reward or start charging annual fee in coming months. The due date for Payment Card Reform Framework by Bank Negara is only 14 months from now.

Why not? If you can find a place to paywave!

Find a merchant that let you paywave, he charges 1%-2%, give you ewallet credit in return. Except Petrol station.

Same as you, Harimau bank, maybe + Sotong bank.

This post has been edited by ClarenceT: May 5 2020, 05:09 PM

Ask your friends can help or not, if they are a Maybank Duitnow QR merchant.
Don't always use the same merchant!

This post has been edited by ClarenceT: Mar 15 2022, 07:41 PM

Still a lot of customers are paying by cash, the merchant can save time and cost to deposit cash at bank. No increase in turnover.

But Setel CardTerus is not using ewallet ya.

If you top up Setel wallet, it is Ewallet.
If you use Cardterus, it is petrol station.

If pay in local currency, around 2%-3% surcharge by the card issuer and Visa/MasterCard.

If choose to pay in RM, CIMB will charge 1%, but not cheaper than paying in local currency because of a few % hidden surcharge (Dynamic Currency Conversion) at Merchant (and their bank).

So always pay in local currency.

Also, using debit card or prepaid card is cheaper than using a credit card.

Bigpay - > Agoda Singapore
Cross Border Charge! (if RM transaction)

This post has been edited by ClarenceT: Aug 14 2024, 12:57 PM

Yes HLB can give you RM25 credit but you need to pay RM98 for Annual Fee (no waiver)