can any one enlighten me the major different between CIMB Basic SA and Regular SA?

It seems to be the same to me with no major different

Got. Regular SA means have to pay them yearly fees. If basic saving account, is free.

i see,

So if i just want to transfer some money between banks and for CIMB clicks, i guess the basic one should be enough?

The yearly fee is for the debit card right

This post has been edited by vernon91: Nov 23 2016, 01:31 PM

Yes. The basic does come with debit card which is free too. Just limited atm withdrawal. I think 4x/month? Oh, Cimb will try to play dumb that they don't have Basic Saving Account. Also, if you tell them that BNM said each bank must have BSA, they will try to persuade you not to open the Basic Saving Account citing the limted atm withdrawals

Thanks for the info.

BSA should work for me since i don really plan to withdrawn a lot

But dam these marketing strategy

Just tell them you want thr free BSA. Or else they will give you the BSA which need to pay.

Most banks do not need those supporting documents to open a savings account. Only selected banks' branches / staff want to be so particular about it. Some staff like to make it difficult for customers while other times it is their superior who issued the instruction. It is not a valid reason for an unemployed to be denied opening a savings account although I have heard that excuse before. Where do you expect people like housewife to keep their money in? Milo tin? You can actually complain to the bank's HQ or Bank Negara if you don't mind the hassle. I suggest to try another bank / branch though.


Btw, it's 8x/month.

Depends on bank. For me the bank told me it's 4x/month.

There's no annual fee (debit card) for CIMB Basic SA, but the Basic SA is super limited, as in:
1) Can't transfer out $ via CIMB Clicks
2) Can't pay for CIMB Credit Card using that Basic SA

Basic SA from Public Bank on the other hand is just like a normal / regular saving, just without the annual debit card fees.

Which bank is that? Are you sure your account is a BSA? For all BSA, the min. is 8x/month.


Really? I have an islamic BSA with CIMB, I am able to transfer money using CIMB Clicks.

Cimb. I never really check. Going to close account once I no longer need it.

you sure ? That means have to get the Regular SA liao

I have an islamic BSA non-fee version of it and I do not share the concerns of the above mentioned.

So not sure what problem he faced though

Actually can report to BNM.

I think mine is Basic Saving without Fee, not Islamic.

Screenshot:
http://imgur.com/a/mEAIK

Really ? Basic SA too Basic ?

You can try Islamic Basic SA as per some forumers. As for me, the Basic SA of mine is kinda limited

Did you contact customer service about this issue? Did CIMB staff tell you that this basic savings account cannot do online transfer? As far as I know, most if not all basic savings account (conventional or islamic) from the other banks can do online transfer without any problem.

Nope, as I rarely use the CIMB SA, so I just let it be, though at times it can be annoying

Yes, Basic SA from other banks (namely PBB) works like a normal SA sans the annual debit card fees.

When i bring my kilang operator (local worker) 2 open account once, they also being asked discriminative questions like why in the heck you need savings account i dont understand why banks discriminating lower levels

This post has been edited by skylinelover: Nov 29 2016, 12:58 PM

Wow... IT IS really difficult for the unemployed to open savings account nowadays. You need a valid reason and you can't just simply open for suka-suka sahaja.

Up till now I went to 4 different branches of CIMB and no response from ANY of them..

I can't say what the precise circumstances were in your case with your operators (e.g. what was the tone and attitude of the bank staff, etc.), but I think there is perhaps a valid reason why banks ask such questions in general.
It is not to discriminate the low income group, but rather to see if there is anything suspicious, because some dark organisations are taking advantage of these simple folk by using their names to open savings accounts and then using the accounts for money laundering purposes.
It may or may not be the case during the encounter you mentioned above, but I'm just saying that logically, a regular person (i.e. a normal bank employee) wouldn't really care whether the person who walks in wanting to open a new account, is a low or high income earner, etc.