Important Notice: Reclassification of Wadi’ah Yad Dhamanah to Qard [ Maybank ]

Dear Valued Customers,

Pursuant to the enforcement of the Islamic Financial Services Act 2013 (“IFSA”), all Islamic Financial Institutions are required to reclassify its existing Islamic products and services in accordance with the transition requirements prescribed by Bank Negara Malaysia (“BNM”). Under IFSA, our existing Wadi’ah-based (safe keeping with guarantee) products will be reclassified to Qard-based (loan) with effect from 7 October 2017 (“Effective Date”).

Qard refers to a contract of lending where customer will lend money to the Bank as a loan where repayment of equivalent replacement amount is guaranteed by the Bank and the Bank has the right to utilise the money for its banking activities.

The applicable products are as follows :



Please note that this exercise will be carried out at no costs to you. Your account number(s) will remain unchanged and you may continue to operate the account(s) together with all existing facilities and services as usual.

Your account(s) will continue to be protected by the Perbadanan Insurans Deposit Malaysia (PIDM).

Should you wish to explore other alternatives, kindly visit our branches before the Effective Date for assistance. For more details, please logon to www.maybank2u.com.my for our Frequently Asked Questions (“FAQ”) on this exercise.

• Notice for Reclassification of Wadi’ah-based to Qard-based
• Frequently Asked Question
• Terms & Conditions Governing Deposit Accounts for Islamic Banking

We acknowledge your continuous support in banking with us.

Thank you.

just curious.. is the deposit still enjoy the interest in the saving account?

This post has been edited by propusers: Sep 20 2017, 03:51 PM

Read the fine prints. Mentioned for savings account only.

Important Notice: Discontinuation of New Account Opening for Selected CIMB Bank Berhad and CIMB Islamic Berhad Current Accounts and Savings Accounts (wef 23 October 2017) [ CIMB ]

https://www.cimbbank.com.my/content/dam/cim...-2ndOct2017.pdf

With effect from 23 October 2017, the following types of Current and Saving Accounts will no longer be offered for new account opening:

Current Account:
1. Money Multiplier Account
2. Flagship Current Account
3. Maxplus 2-in-1 Account

Savings Account:
1. Basic Savings Account (Passbook)
2. Passbook Education Savings Account
3. Maxplus Savings Account (Passbook)
4. Prime Savings Account
5. Regular Savings Account (Passbook)
6. YOUth Savers Account (Passbook)
7. Basic Savings Account-i with Annual Fee (Passbook)
8. Basic Savings Account-i without Annual Fee (Passbook)
9. Wadiah Children Savings Account-i (Passbook)
10. Wadiah Savings Account-i (Passbook)
11. Wadiah Savings Account-i (Statement)
12. Wadiah Teenage Savings Account-i (Passbook)

Existing accountholders of the above types of accounts will not be affected and will continue to enjoy the features of these accounts.

For more information on our Current and Saving Accounts, please visit our website at:

Current Accounts:
Conventional: http://www.cimbbank.com.my/en/personal/pro...t-accounts.html
Islamic: http://www.cimbislamic.com.my/en/personal/...-account-i.html

Saving Accounts:
Conventional: http://www.cimbbank.com.my/en/personal/pro...s-accounts.html
Islamic: http://www.cimbislamic.com.my/en/personal/...-account-i.html

The Management
CIMB Bank Berhad & CIMB Islamic Bank Berhad

This post has been edited by cybpsych: Oct 3 2017, 07:23 AM

Enjoy up to RM200* cash back when you deposit into your Pay&Save Account! [ HLB | T&Cs (EN) | T&Cs (BM) ]
02 OCTOBER 2017-31 JANUARY 2018]

Question.
For foreign fund transfer.
bank negara policy effective apr 2017, any transfers above 10k you need to have a valid reason.

if i transfer from say my company acc to out of malaysia, i must attach an invoice to that payment otherwise payment will be rejected.

how about if company in Malaysia receive fund from oversea company?
Same procedure?
foreign company need to attach invoice too?
Or I need to go to bank to submit the docs etc myself anyways?

Thanks

May I know what's the document required currently to open a basic saving account in public bank? Read from a few pages back there's bank which require proof of income?

Manyak tnc...

Better make sure one fully understood the tnc, if not habuk pun tarak

just NRIC, the rest of the form will be provided by customer service staff at the branch.

i opened BSA easily with min RM20 deposit.

Thanks!

PB Savers Reward

Please be informed that the “PB Savers Reward” Campaign has been extended to 31 December 2017.

We have also replaced the Pensonic Mini Thermo Kettle offered under this Campaign with the Khind Electric Vacuum Kettle.

All other terms and conditions remain unchanged. Click here for Terms and Conditions.

- 23 October 2017

A gift of gold to mark the new year's fortune [ UOB ]

Terms and conditions
Promotion is valid from 1 November 2017 to 28 February 2018.
Open to all new and existing UOB individual customers with a current and/or savings account opened and maintained with UOB except for Flexi Mortgage Account.
The deposits must be made of fresh funds only (as defined in the full terms and conditions for this Promotion).
The funds will be earmarked for 4 months.
In the event that the earmarked amount is withdrawn in part or in full prior to the expiry of the Tenure, a penalty charge will be imposed.
Images are for illustration purposes only.
Each Eligible Customer is entitled for up to 4 units of each Gift type.
There will be a total of five hundred (500) units of 24K Gold-plated Mini Dog Figurine and six hundred (600) units of 24K Gold-plated Family Dog Figurine. Gifts will be given on a first-come, first-served basis.
All placements by the Customers shall be eligible for protection by Perbadanan Insurans Deposit Malaysa (“PIDM”) subject to the terms and conditions of PIDM.
Terms and Conditions apply.

just curious for those deposit promotion with free gift like kettle, oven or 24k gold-plated, are the deposit money still able to enjoy the interest rate? is it better to put in FD to get the interest instead of put in saving account?

have u got the answer yet?

Nope

PB MySalary Savings Account

Please be informed that with effect from 1 December 2017, the conversion period to convert the PB MySalary Savings Account to PLUS Savings Account will be revised from 6 months to 3 months i.e. if there are no crediting transactions into PB MySalary Savings Account for a continuous period of not less than 3 months, the account will be converted to a PLUS Savings Account.

Accordingly, the revised Terms & Conditions Governing Savings Account will be available in the Bank’s website by 1 December 2017.

Dimaklumkan bahawa mulai 1 Disember 2017, tempoh penukaran untuk menukar Akaun Simpanan PB MySalary kepada Akaun Simpanan PLUS akan diubah dari 6 bulan kepada 3 bulan iaitu sekiranya tiada urus niaga pengkreditan ke dalam Akaun Simpanan PB MySalary bagi tempoh berterusan yang tidak kurang dari 3 bulan, akaun tersebut akan ditukar kepada Akaun Simpanan PLUS.

Justeru, Terma dan Syarat yang mengawal Akaun Simpanan yang disemak itu boleh didapati melalui laman web Bank mulai 1 Disember 2017.

- 8 November 2017

Important Notice on Amendments to Terms & Conditions Governing CIMB Bank AirAsia Savers Account and AirAsia BIG Loyalty Points Programme

https://www.cimbbank.com.my/content/dam/cim...nc-2018-rev.pdf

Every month, I allocate my income into 4 parts equally. Investment, expenses, debt and future (emergency fund). I don't really understand how the interest works on savings and current account. I have 3 accounts with Maybank; Savings-i, M2U Savers-i and M2U Premier Current.

Where should I park my emergency fund among those 3 accounts, at least to get a lil bit of passive income?

Hello All Sifu,

I plan to open a saving account for my kids (3 & 5yrs) old.
Which bank offer the best selection of kids saving account?

This account will be act as a temporary account & the money will not grow >RM3k.
Once, RM3k, I will switch to others such as SSPN-i & investment fund...


I surveyed 2 account which is PBB- Bright star Vs MBB Yippie Saving account..
So far, I voted MBB with the reason of :-
1) FD rate interest
2) RM70k - PA insurance coverage for kids & parent.
3) Cash reward for good result

Please share your opinion with me.....

Alliance SavePlus Account

https://www.alliancebank.com.my/banking/per...us-account.aspx

https://ringgitplus.com/en/blog/Sponsored/G...aw-Anytime.html

Alliance SavePlus Account is a current account that lets you enjoy high interest rates on your total account balances and a waiver for all transaction fees**.



As you can see, with the Alliance SavePlus Account, all you have to do is sit back, relax and watch your money grow. It is most ideal to have your money work for you, while still having access to it for everyday use without incurring any penalties.

As every cent counts, getting a waiver on transaction and withdrawal fees is super helpful too. Now you don’t have to worry about paying RM0.50 for each instant transfer or RM1.00 for each ATM withdrawal. All you need to do is maintain a minimum balance RM10,000 in your account, and you will automatically be eligible for all these perks!

From now until 30 April 2018, customers who sign up for an Alliance SavePlus Account will receive a complimentary* RM40 petrol gift card. It’s so easy! Just walk in to your nearest Alliance Bank branch to participate in this promotion!

In conjunction with the upcoming festive celebration, selected Alliance Bank branches will be open on 27 January 2018 (Saturday) from 9.30am to 2.30pm to cater to your banking needs. Visit us to open an Alliance SavePlus Account and enjoy light refreshments, as well as other exciting activities such as Ang Pow Packet Giveaway**.

But wait! Just for one day on 27 January 2018, new Alliance SavePlus Account customers also get to enjoy the maximum interest rate of 3% for the first month, with just a deposit of RM1,000!

*Terms & Conditions apply.
**While stocks last

This post has been edited by cybpsych: Jan 26 2018, 01:15 AM