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 Savings Account in Malaysia

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Ramjade
post Nov 4 2018, 11:28 AM

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QUOTE(MilesAndMore @ Nov 4 2018, 11:02 AM)
Yes. But it is possible to withdraw the entire balance and leave RM0 inside the account at any time.
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Ya but as mentioned in their T&C if the account have RM0 for 3 consecutive months, it will be auto closed.
MilesAndMore
post Nov 4 2018, 12:47 PM

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QUOTE(Ramjade @ Nov 4 2018, 11:28 AM)
Ya but as mentioned in their T&C if the account have RM0 for 3 consecutive months, it will be auto closed.
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The point is, your earlier post about you can keep RM1 inside but not RM0 is incorrect.
hong823
post Nov 7 2018, 09:01 PM

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QUOTE(Ramjade @ Nov 4 2018, 12:13 AM)
Wrong. 3.7% is already nett fees. So is 3.7% vs 2.9%
How and when is the management and trustee fees is going to be charged to the investor?
coolguy_0925
post Nov 9 2018, 09:33 PM

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To Maybank2u users without investments

Do you see at the dashboard

Wealth with RM--

or only an icon
cybpsych
post Nov 9 2018, 10:39 PM

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Ramjade
post Nov 11 2018, 05:23 PM

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QUOTE(hong823 @ Nov 7 2018, 09:01 PM)
How and when is the management and trustee fees is going to be charged to the investor?
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It counted into the NAV of the Unit trust.
SUSMNet
post Nov 20 2018, 09:01 PM

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CIMB clicks down?
cannot transfer money

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Exceet
post Nov 24 2018, 11:38 PM

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Possible to open OCBC 360 account without the atm card annual fees? Or without the card itself?
Leroi2x
post Nov 27 2018, 07:14 PM

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QUOTE(Exceet @ Nov 24 2018, 11:38 PM)
Possible to open OCBC 360 account without the atm card annual fees? Or without the card itself?
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U can opt to without the card
But then u not able register online
If u got their cc then u can access online but no debit card cant use instant transfer
Exceet
post Nov 27 2018, 08:02 PM

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QUOTE(Leroi2x @ Nov 27 2018, 07:14 PM)
U can opt to without the card
But then u not able register online
If u got their cc then u can access online but no debit card cant use instant transfer
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Was thinking opening basic saving account (no annual fee) then + 360 account. May be able to do instant transfer with that setup 😁
siawyent
post Nov 27 2018, 08:13 PM

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sorry have to ask here, as there are no current account thread around.

Anyone knows usually takes how long to get the cheque book from Ambank if I request it from the branch today?

This post has been edited by siawyent: Nov 27 2018, 08:29 PM
Leroi2x
post Nov 27 2018, 08:36 PM

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QUOTE(Exceet @ Nov 27 2018, 08:02 PM)
Was thinking opening basic saving account (no annual fee) then + 360 account. May be able to do instant transfer with that setup 😁
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Not sure about that ,but as i read the basic saving account pds it state have af rm8 also
Maybe u try and let me know?
Ramjade
post Nov 28 2018, 07:42 AM

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QUOTE(Leroi2x @ Nov 27 2018, 08:36 PM)
Not sure about that ,but as i read the basic saving account pds it state have af rm8 also
Maybe u try and let me know?
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There's 2 type of basic saving account.
One with RM8 with unlimited atm withdrawal.
One which is free with limited of 8atm withdraw/month.

Most bank will sell you the RM8 one unless you insist for free basic saving account.
Leroi2x
post Nov 28 2018, 07:44 AM

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QUOTE(Ramjade @ Nov 28 2018, 07:42 AM)
There's 2 type of basic saving account.
One with RM8 with unlimited atm withdrawal.
One which is free with limited of 8atm withdraw/month.

Most bank will sell you the RM8 one unless you insist for free basic saving account.
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I know most of the local bank have this option
But i doesn't see ocbc have such option
Mind to share me the link ,so i can show them when i request?
Ramjade
post Nov 28 2018, 07:53 AM

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QUOTE(Leroi2x @ Nov 28 2018, 07:44 AM)
I know most of the local bank have this option
But i doesn't see ocbc have such option
Mind to share me the link ,so i can show them when i request?
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No ocbc 360 basic.
You need to walk in, tell them you want open free basic saving account.
http://www.bnm.gov.my/index.php?ch=en_pres...&ac=950&lang=en
http://www.ocbc.com.my/personal-banking/ac...counts_EasiSave
SUSRyuGW90
post Nov 28 2018, 09:51 PM

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Hi
Is the rates of saving acc on first page up to date?
Exceet
post Dec 4 2018, 11:31 PM

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QUOTE(Leroi2x @ Nov 28 2018, 07:44 AM)
I know most of the local bank have this option
But i doesn't see ocbc have such option
Mind to share me the link ,so i can show them when i request?
*
QUOTE(Ramjade @ Nov 28 2018, 07:53 AM)
No ocbc 360 basic.
You need to walk in,  tell them you want open free basic saving account.
http://www.bnm.gov.my/index.php?ch=en_pres...&ac=950&lang=en
http://www.ocbc.com.my/personal-banking/ac...counts_EasiSave
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Just got replied from OCBC fb page as followed:
"Hi, we are sorry to inform you that all the accounts has annual fee. We hope this clarifies."
Apparently even the basic saving account is with annual fee, as stated in PDS from OCBC website.
Leroi2x
post Dec 5 2018, 07:42 AM

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QUOTE(Exceet @ Dec 4 2018, 11:31 PM)
Just got replied from OCBC fb page as followed:
"Hi, we are sorry to inform you that all the accounts has annual fee. We hope this clarifies."
Apparently even the basic saving account is with annual fee, as stated in PDS from OCBC website.
*
Well ,i already told that early
But he insist his statement
And yet i think he dint even read the pds

Btw you may try apply for credit card for register online banking
But u still not able use instant transfer but u can use ibg
Normally new cc got promo like waive 1st year annual fee

This post has been edited by Leroi2x: Dec 5 2018, 07:47 AM
Ramjade
post Dec 5 2018, 09:02 AM

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QUOTE(Exceet @ Dec 4 2018, 11:31 PM)
Just got replied from OCBC fb page as followed:
"Hi, we are sorry to inform you that all the accounts has annual fee. We hope this clarifies."
Apparently even the basic saving account is with annual fee, as stated in PDS from OCBC website.
*
QUOTE(Leroi2x @ Dec 5 2018, 07:42 AM)
Well ,i already told that early
But he insist his statement
And yet i think he dint even read the pds

Btw you may try apply for credit card for register online banking
But u still not able use instant transfer but u can use ibg
Normally new cc got promo like waive 1st year annual fee
*
Actually no. Because bank negara order. To operate in Malaysia, you need to offer a free basic saving account. If they refuse to give you a free basic saving account, can complain to BNM.

Of course customer service will tell you no free basic saving account as it's not in bank interest to give you free basic saving account.

Many local banks also denied having free account but when you press them or threatened them with BNM, they will let you have it.
!@#$%^
post Dec 5 2018, 09:29 AM

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QUOTE(Ramjade @ Dec 5 2018, 09:02 AM)
Actually no. Because bank negara order. To operate in Malaysia,  you need to offer a free basic saving account. If they refuse to give you a free basic saving account,  can complain to BNM.

Of course customer service will tell you no free basic saving account as it's not in bank interest to give you free basic saving account.

Many local banks also denied having free account but when you press them or threatened them with BNM,  they will let you have it.
*
the only difference is that, OCBC doesn't advertise free basic account with no annual fee on their website, as opposed to other banks which have that option. of course you can try to clarify with BNM, and if lucky may get to open one without annual fee.

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