Savings Account in Malaysia
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 Nov 13 2016, 06:35 PM
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Junior Member
737 posts Joined: Mar 2016 
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QUOTE(gruntz99 @ Nov 13 2016, 01:13 AM) Can you be more specific of what are the requirements? Also, are they set certain income to open an account with them? Why do you need to open a Foreign incorporated bank account? Just use some random local bank. |
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Nov 20 2016, 08:58 AM
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Junior Member
45 posts Joined: Jun 2013 
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I NEED OPINIONS OF THE SIFUS HERE...
IM PLANNING TO OPEN A JOINT ACCOUNT WITH MY WIFE AND PLACE A SAVING OF 2K MONTHLY.... WITHDRAWAL NOT NEEDED... ROUGH IDEA IN MY MIND...MAYBANK eGIA , AM TRUE SAVERS and OCBC SMART SAVERS... PLANNING TO "AUTO DEBIT" ( MAYBE DO A AUTOMATED SCHEDULED ONLINE MONTHLY TRANSACTION ) PLZ GIVE ME SOME INPUT GUYS... THANKS |
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Nov 20 2016, 09:02 AM
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All Stars
24,363 posts Joined: Feb 2011
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QUOTE(suntharram @ Nov 20 2016, 08:58 AM) I NEED OPINIONS OF THE SIFUS HERE... Maybank eGIA-i offers he highest interest with SA like liquidity but you cannot do an "Auto Debit". You will have to do it manually. Ambank True Savers is not worth your time.IM PLANNING TO OPEN A JOINT ACCOUNT WITH MY WIFE AND PLACE A SAVING OF 2K MONTHLY.... WITHDRAWAL NOT NEEDED... ROUGH IDEA IN MY MIND...MAYBANK eGIA , AM TRUE SAVERS and OCBC SMART SAVERS... PLANNING TO "AUTO DEBIT" ( MAYBE DO A AUTOMATED SCHEDULED ONLINE MONTHLY TRANSACTION ) PLZ GIVE ME SOME INPUT GUYS... THANKS |
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Nov 20 2016, 09:04 AM
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Junior Member
45 posts Joined: Jun 2013
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QUOTE(Ramjade @ Nov 20 2016, 09:02 AM) Maybank eGIA-i offers he highest interest with SA like liquidity but you cannot do an "Auto Debit". You will have to do it manually. Ambank True Savers is not worth your time. MANUALLY ?? HAVE TO WALK INTO THE BANK AND DEPOSIT??SO YOU ADVICE FOR ME?? |
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Nov 20 2016, 09:06 AM
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All Stars
24,363 posts Joined: Feb 2011
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QUOTE(suntharram @ Nov 20 2016, 09:04 AM) MANUALLY ?? HAVE TO WALK INTO THE BANK AND DEPOSIT?? Manually = DIY online. You cannot issue a Standing Instruction for the placement. And OCBC is not worth as you cannot withdraw or else you only get 0.25%. Beside it's interest is only 2.8% vs Maybank eGIAi at 3.55%SO YOU ADVICE FOR ME?? This post has been edited by Ramjade: Nov 20 2016, 09:08 AM |
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Nov 20 2016, 09:14 AM
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Junior Member
45 posts Joined: Jun 2013
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QUOTE(Ramjade @ Nov 20 2016, 09:06 AM) Manually = DIY online. You cannot issue a Standing Instruction for the placement. And OCBC is not worth as you cannot withdraw or else you only get 0.25%. Beside it's interest is only 2.8% vs Maybank eGIAi at 3.55% MAYBANK E GIA WILL BE A GOOD MONTHLY SAVING WITH GOOD RETURN...??OR ANY OTHER SUGGESTION FOR MY CASE..  IM STARTING WITH 8 K PLACEMENT... |
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Nov 20 2016, 09:23 AM
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All Stars
24,363 posts Joined: Feb 2011
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QUOTE(suntharram @ Nov 20 2016, 09:14 AM) MAYBANK E GIA WILL BE A GOOD MONTHLY SAVING WITH GOOD RETURN...?? You need to asked yourself, what do you want the account for? High interest? Free IBG/IBFT? Convenience atm anywhere?OR ANY OTHER SUGGESTION FOR MY CASE.. IM STARTING WITH 8 K PLACEMENT... This post has been edited by Ramjade: Nov 20 2016, 09:24 AM |
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Nov 20 2016, 09:29 AM
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Junior Member
45 posts Joined: Jun 2013
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QUOTE(Ramjade @ Nov 20 2016, 09:23 AM) You need to asked yourself, what do you want the account for? High interest? Free IBG/IBFT? Convenience atm anywhere? HIGH INTERESTNOT PLANNING TO WITHDRAW THE MONEY...  |
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Nov 20 2016, 09:33 AM
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All Stars
24,363 posts Joined: Feb 2011
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QUOTE(suntharram @ Nov 20 2016, 09:29 AM) HIGH INTEREST Then it's no brainer that Maybank eGIA-i is the one for you but read first page of the Maybank eGIA-i thread.NOT PLANNING TO WITHDRAW THE MONEY... |
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Nov 20 2016, 11:15 AM
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Junior Member
45 posts Joined: Jun 2013
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QUOTE(Ramjade @ Nov 20 2016, 09:33 AM) Then it's no brainer that Maybank eGIA-i is the one for you but read first page of the Maybank eGIA-i thread. CONFUSEDDDDDD    |
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Nov 20 2016, 11:22 AM
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All Stars
24,363 posts Joined: Feb 2011
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QUOTE(suntharram @ Nov 20 2016, 11:15 AM) CONFUSEDDDDDD What's there to confuse about? |
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Nov 20 2016, 02:59 PM
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All Stars
65,313 posts Joined: Jan 2003
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QUOTE(suntharram @ Nov 20 2016, 08:58 AM) I NEED OPINIONS OF THE SIFUS HERE... IM PLANNING TO OPEN A JOINT ACCOUNT WITH MY WIFE AND PLACE A SAVING OF 2K MONTHLY.... WITHDRAWAL NOT NEEDED... ROUGH IDEA IN MY MIND...MAYBANK eGIA , AM TRUE SAVERS and OCBC SMART SAVERS... PLANNING TO "AUTO DEBIT" ( MAYBE DO A AUTOMATED SCHEDULED ONLINE MONTHLY TRANSACTION ) PLZ GIVE ME SOME INPUT GUYS... THANKS QUOTE(suntharram @ Nov 20 2016, 09:04 AM) MANUALLY ?? HAVE TO WALK INTO THE BANK AND DEPOSIT?? SO YOU ADVICE FOR ME?? QUOTE(suntharram @ Nov 20 2016, 09:14 AM) MAYBANK E GIA WILL BE A GOOD MONTHLY SAVING WITH GOOD RETURN...?? OR ANY OTHER SUGGESTION FOR MY CASE.. :confused: IM STARTING WITH 8 K PLACEMENT... QUOTE(suntharram @ Nov 20 2016, 09:29 AM) HIGH INTEREST NOT PLANNING TO WITHDRAW THE MONEY... :thumbsup: QUOTE(suntharram @ Nov 20 2016, 11:15 AM) CONFUSEDDDDDD pls write properly, not ALL CAPS. this is RUDE. |
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Nov 21 2016, 10:11 AM
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Junior Member
45 posts Joined: Jun 2013
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QUOTE(cybpsych @ Nov 20 2016, 02:59 PM) pls write properly, not ALL CAPS. this is RUDE. Hye...nothing rude...chill..But advice noted with thanks... Cheers |
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Nov 22 2016, 01:47 PM
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Junior Member
164 posts Joined: Nov 2005
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If I'm unemployed, can I open a savings account?
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Nov 22 2016, 03:14 PM
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All Stars
24,363 posts Joined: Feb 2011
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QUOTE(street @ Nov 22 2016, 01:47 PM) If I'm unemployed, can I open a savings account? Of course can. I am just a student, can open account |
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Nov 22 2016, 07:22 PM
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Junior Member
164 posts Joined: Nov 2005
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QUOTE(Ramjade @ Nov 22 2016, 03:14 PM) Of course can. I am just a student, can open account Never mind, I went to the bank myself. Apparently, you must present the bank officer a letter of employment, student ID, or business registration if you're self-employed. They need to do a background check for fraud prevention (misuse of account, money laundering, etc.). |
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Nov 22 2016, 07:26 PM
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All Stars
14,894 posts Joined: Mar 2015
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QUOTE(street @ Nov 22 2016, 07:22 PM) Never mind, I went to the bank myself. alamak.... Apparently, you must present the bank officer a letter of employment, student ID, or business registration if you're self-employed. They need to do a background check for fraud prevention (misuse of account, money laundering, etc.).  then my neighbour's school drop out sons that are current working as hawkers can NEVER be allowed to open a bank S/A...liao  |
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Nov 22 2016, 07:27 PM
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All Stars
24,363 posts Joined: Feb 2011
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QUOTE(street @ Nov 22 2016, 07:22 PM) Never mind, I went to the bank myself. Just go to another bank to lodge complain via email to bank HQ, if no response, can lodge to Bank NegaraApparently, you must present the bank officer a letter of employment, student ID, or business registration if you're self-employed. They need to do a background check for fraud prevention (misuse of account, money laundering, etc.). |
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Nov 22 2016, 09:21 PM
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#299
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Senior Member
970 posts Joined: Jul 2016
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Maybank eGIAi at 3.55%, minimum savings is how much?
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Nov 22 2016, 09:42 PM
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Senior Member
5,143 posts Joined: Jan 2015
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QUOTE(1tanmee @ Nov 22 2016, 09:21 PM) Maybank eGIAi at 3.55%, minimum savings is how much? try tis?https://forum.lowyat.net/topic/4105742 |
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