Account > 90d with RM0 inside will automatically be close.


Depends on what you want lo.

Wrong. 3.7% is already nett fees. So is 3.7% vs 2.9%

Ya but as mentioned in their T&C if the account have RM0 for 3 consecutive months, it will be auto closed.

It counted into the NAV of the Unit trust.

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.

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

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.

Maybank RM1 also can. Islamic account.

koala225#Victor
Imanagw to switch from annual fee annual to free account. Here's how I went about it.
1. Go to bank branch ask can convert
annual fee paying account to free account. Answer is yes.
2. Endure lecture from bank officers said don't choose free account as limited atm withdrawals a month. If withdraw more than limit, need to pay money.
3. Told them don't care and insist on free account.
4. Give me some paper to sign.
5. Signed the paper, retain my account no, maybank2u login details.

That time was using wadiah saving account. Just ask can convert to free one while keeping everything same. Told me can. Straight sign the paper. No need close account. No need open new account.

But could be based on account or change in policy. I did that was like 7 years ago?

Yes cause you opening and closing different account. Most likely is maybank2u.

Is posted on Maybank 2u what kind of account it is.
Like mine I told them upfront upon opening an account I want a free basic saving account, I do not want the paid one and they told me gave me a free account.

Then you need to call up customer service and ask your account is free or need to pay. Next time tell them upfront you want free basic savings account. During application there's option to tick free basic saving account.

Of course personal saving account could be one from maybank and not compulsory from BNM that all banks in Malaysia must offer options for free basic saving account.

Free basic saving account is a rule by BNM.
Annual fee basic saving account is also a rule by BNM.

Anything other than basic saving account is from the banks.

Nope. Throw it away. Again is a long time ago. Like 7 years back and as mentioned could be change in bank policy or your bank account doesn't let you convert to free account.

But if you are on basic saving account, I think can change to free one.

I faced same issue with Cimb. Just close and open new account. Of course they gave me dagger stares when I asked for free account.

This post has been edited by Ramjade: May 31 2019, 12:15 AM

Cancel and issue you a new one. Can access again.

Call tomorrow during working hours. Now bank maintenance time.

I will cancel and apply. Why? Pay one time RM8 fee is better than paying yearly RM8.

There you go. Personal savers us maybank account. They have every right to charge you annual fee. If you had applied for free basic saving account then yes us free.

When you close account, you close your card also. You want a free account right? Since they don't want to convert, that's th e only way. BTW free basic saving account does not get charged for card.

If you don't tell them lagi they open paid account for you. No banks will open free account for you unless you say you want free account.

Normal practice by all banks in Malaysia. That's why need to know what you are opening and not blindly signing the paper. When you know what you are opening, this kind of stuff won't happen.

Ah make sense. If that's the case just close and open account. Issue settle.

I think Maybank Mae?

It's a good account as you can get to keep the bare min in it. I keep only rm1.00 in this account. Downside is you need to make sure it's free. You need to go to Maybank and tell them you want the free version.