Bro. don't forget it was mentioned many times there is a RM8 fee for the Debit Card (to add to your collection of cards).

BR FD cert at least looks much better, though no signature required. HL Islamic Bank FD cert is rather shady, just a slip printed out like those in the late 1990's computer printout, like some of company's pay slip, 1/5 the size of an A4 paper.

Yeah, did not forget that and basically there is no other fee to pay except the debit card annual fee which is fine

I was reluctant to give it a go initially as it was stated there is a RM1 fee for each successful ATM cash withdrawal even through HLB/HLIB ATM using this Mach VISA debit card, RM1 OTC transaction which edwardcgg noticed too in the fee disclosure table (all these RM1 fees are errors and have since been amended on Friday). And the account disclosure fee is not clear too, a current account with no cheque facility. Anyhow, I'm gong for the Sky High Savings feature

Oh yeah, I need to ask about the inter branch withdrawal limit too when I go to open the account...

This post has been edited by MilesAndMore: Mar 10 2013, 10:46 AM

Well, if it is purely Hong Leong Bank, there is NO LIMIT for inter branch withdrawal. Now, is it possible to go to another HLB (non MACH) branch to withdraw cash?

Good to know. All this while I thought CIMB Bank inter branch withdrawal limit of RM50,000 was generous!


Yes. Gotta find that out as the nearest Mach branch to me is a lot more than just a few hundred of km away

Fund in Money box account can only be transferred out via HL Connect or ATM cash withdrawal subject to the withdrawal limit. To withdraw from another non MACH HLB branch, you need to do online fund transfer from Money box account to a conventional CASA before withdrawing it at a non MACH branch.

Other info about MACH not mentioned in TnC:
1) Don't perform online MACH FD placement during non working days because the FD will only commence from the next working day. Keep the fund in your Sky High Money Box account to earn 1.8%pa first.
2) While placing MACH FD online, there will be no FD rate of your selected tenure displayed on the screen before your click the final confirm button. Therefore, better make sure that the quota for the promotional FD rates is still available before placement.

Then it probably makes sense to apply for another HLB savings account and have it linked to the Mach VISA debit card. But the ATM/debit card annual fee will only be charged once is it ?

How to transfer $$ from maybank2u online to MACH saving account?

I missed out the inter branch withdrawal limit

if the amount placed on mach is over the limit, will need multiple banker cheque which will cost a lot (RM5.15 per cheque)

Thanks for the additional info

the withdrawal part will be a pain for me who don't have any conventional CASA with HLB. If amount over the inter branch limit, i will need to request multiple banker cheque on different day?

mach is by HLB, you can use interbank GIRO to transfer to mach account online. There will be charges for the service depend on your maybank account type

This post has been edited by edwardccg: Mar 10 2013, 07:22 PM

Yes, just open another HLB CASA and problem solved. Debit card annual fee charged once only.

just open a Casa and no more pain.

Noted and thanks.

if i dont want to open another CASA on HLB. then the only way to withdraw is:

1. by the limit of the inter branch withdrawal with banker cheque (limit still unknown, charge rm5.15)
2. use the FREE 5 times IBG on money box (maximum 25K for 5k each IBG, take minimum 5 working days to transfer 25k, subject to maintain 1k on balance)
3. ATM cash (daily 5K and 1.5K each withdrawal, will be most troublesome and holding cash is not safe in current days)

since i will only place 15k for the mach FD, during maturity date, 3 times of IBG and 3 working days can be done to transfer out all my money back to my account. Total charges will be RM1 for the third transfer as it is below 1k already.

Is the IBG method safe enough to transfer money? quite worry if something happens and the transfer money gone

Like i've mentioned, their RM1000 balance is very funny.

I withdrew RM3k from my FD deposit mid February, on the very same day i IBG transfer to other bank in form of 2k and 1k respectively. They charged me RM 1 x 2 transactions.

On 1/3/2013 - they refunded RM2 to my account.

My money box balance - less than RM100.

i see, dont know how they define the "average" balance of rm1000
maybe is the balance when you do IBG will need to be over rm1000?
so in this case, performing IBG when balance < 1000 will be charged
** my assumption only**

This post has been edited by edwardccg: Mar 11 2013, 11:06 AM

That's what i thought as well based on my transfers. the balance is referring to the IBG amount.

Perhaps sometime in Feb, you have a one day overnight balance of RM30K or two days overnight balance of RM15k when you bank in your chq into Money Box account pending online FD placement ?
1 day overnight credit balance of RM30k is enough to meet the minimum Monthly Average Balance of RM1000 qualification requirement.

Nop - i hand over banker cheque to the personnel and it was credit into my FD account directly. Which is why i had to withdraw to suit the exact amount i want in the FD.

This post has been edited by bearbear: Mar 11 2013, 11:40 AM

What is your total 28 days daily balances in Feb, divided by 28 ? if it is < 1k then it proven that some bugs in HLB's system and it's good for the customers.

this make sense, so i will have average monthly balance of 1k by just let it overnight 2 days after withdrawal of my 15k during maturity date.

For Money Box account?only 3k in it for few hours, other days less than Rm100

This post has been edited by bearbear: Mar 11 2013, 02:01 PM