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 Savings Account in Malaysia

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Ramjade
post May 11 2016, 02:59 PM

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QUOTE(kaifahalas @ May 11 2016, 02:54 PM)
Maybank purposely issued atm card that easily worn out and over the years you cannot see the number at the front of the  card for use in case of emergency.  card replacemt fees is rm10 some more.

dishonest way to earn rm10 from everyone.. lol!
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Just take pic/scan the card. Problem solve.
Ramjade
post Jun 9 2016, 08:02 AM

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QUOTE(wu ming @ Jun 9 2016, 07:37 AM)
Already revised the rate. Which savings account you keep now?
https://www.ambankgroup.com/eng/Announcements/Pages/20160413-InterestRateRevision.aspx

Dear Valued Customers,

Please be informed that effective 1 May 2016, the TRUE Savers Account interest rate will be revised as follows:
Account Feature  Existing  Revised
Flat Interest Rate  2.8% p.a.  1.8% p.a.
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Maybank eGIA-i. My ambank true savers now contain effectively RM0. laugh.gif Will close it one of these days.

This post has been edited by Ramjade: Jun 9 2016, 08:08 AM
Ramjade
post Oct 7 2016, 10:44 PM

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QUOTE(AIYH @ Oct 7 2016, 10:18 PM)
Ambank TRUE accounts and StanChart Just One account (me planning to do so) are not BSA but no annual fee that I know so far  smile.gif
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Would recommended you to forget ambank truesavers as it only have free IBG. StanChart Just One have free unlimited IBFT.
Ramjade
post Oct 8 2016, 06:47 AM

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QUOTE(iXora.ix @ Oct 8 2016, 02:03 AM)
Hi guys.
It is possible to convert from annual fees to non annual fee bsa? I using cimb bsa with fees.
I tried to email them but no answer so far. Anyone has experience convert/ change it?
Thanks
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Cimb not poaaible. Maybank yes.
Ramjade
post Oct 8 2016, 08:00 AM

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QUOTE(iXora.ix @ Oct 8 2016, 07:56 AM)
really? Thats a sad news. I guess I need to terminate my acc after finish my sponsorship.
Thanks for the reply biggrin.gif
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They told me tutup your current account, then open a new free BSA. That's the only way.
Ramjade
post Nov 20 2016, 09:02 AM

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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
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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.
Ramjade
post Nov 20 2016, 09:06 AM

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QUOTE(suntharram @ Nov 20 2016, 09:04 AM)
MANUALLY ?? HAVE TO WALK INTO THE BANK AND DEPOSIT??
SO YOU ADVICE FOR ME??
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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%

This post has been edited by Ramjade: Nov 20 2016, 09:08 AM
Ramjade
post Nov 20 2016, 09:23 AM

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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.gif

IM STARTING WITH 8 K PLACEMENT...
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You need to asked yourself, what do you want the account for? High interest? Free IBG/IBFT? Convenience atm anywhere?

This post has been edited by Ramjade: Nov 20 2016, 09:24 AM
Ramjade
post Nov 20 2016, 09:33 AM

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QUOTE(suntharram @ Nov 20 2016, 09:29 AM)
HIGH INTEREST
NOT PLANNING TO WITHDRAW THE MONEY... thumbsup.gif
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Then it's no brainer that Maybank eGIA-i is the one for you but read first page of the Maybank eGIA-i thread.
Ramjade
post Nov 20 2016, 11:22 AM

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QUOTE(suntharram @ Nov 20 2016, 11:15 AM)
CONFUSEDDDDDD  bangwall.gif  cry.gif  rclxub.gif  rclxub.gif  rclxub.gif  rclxub.gif
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What's there to confuse about?
Ramjade
post Nov 22 2016, 03:14 PM

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QUOTE(street @ Nov 22 2016, 01:47 PM)
If I'm unemployed, can I open a savings account?
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Of course can. I am just a student, can open account
Ramjade
post Nov 22 2016, 07:27 PM

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QUOTE(street @ Nov 22 2016, 07:22 PM)
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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Just go to another bank to lodge complain via email to bank HQ, if no response, can lodge to Bank Negara
Ramjade
post Nov 23 2016, 11:17 AM

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QUOTE(vernon91 @ Nov 23 2016, 11:11 AM)
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  hmm.gif
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Got. Regular SA means have to pay them yearly fees. If basic saving account, is free.
Ramjade
post Nov 23 2016, 01:42 PM

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QUOTE(vernon91 @ Nov 23 2016, 01:31 PM)
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  hmm.gif
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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 vmad.gif mad.gif ranting.gif
Ramjade
post Nov 23 2016, 01:49 PM

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QUOTE(vernon91 @ Nov 23 2016, 01:44 PM)
Thanks for the info. laugh.gif

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

But dam these marketing strategy  vmad.gif
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Just tell them you want thr free BSA. Or else they will give you the BSA which need to pay.
Ramjade
post Nov 24 2016, 05:06 PM

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QUOTE(Nom-el @ Nov 24 2016, 04:39 PM)
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.
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Depends on bank. For me the bank told me it's 4x/month.
Ramjade
post Nov 24 2016, 05:40 PM

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QUOTE(Nom-el @ Nov 24 2016, 05:39 PM)
Which bank is that? Are you sure your account is a BSA? For all BSA, the min. is 8x/month.
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Cimb. I never really check. Going to close account once I no longer need it.
Ramjade
post Nov 24 2016, 10:26 PM

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QUOTE(ketnave @ Nov 24 2016, 05:16 PM)
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.
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Actually can report to BNM.
Ramjade
post Jan 17 2017, 09:29 AM

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QUOTE(nxtpg @ Jan 17 2017, 08:23 AM)
Any updates?  Managed to open in cimb?

I have a current joint account cimb in which charges rm10 half yearly plus the rm15++ for atm card. Hardly issue any cheques nowadays so is it possible to convert the current acc to savings acc?
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You can try. Cimb is kind of stingy. Alternatively, can try Standard Chartered JustOne. It's both a saving and a current account.
Ramjade
post Jan 18 2017, 10:43 AM

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QUOTE(spreeeee @ Jan 18 2017, 10:31 AM)
why cimb basic saving account (new account) - charging rm8 fee? no atm card also..
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Complain la. Tell them I want the free BSA.

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