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 Fixed Deposit Rates in Malaysia V4, Please read 1st post.

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MilesAndMore
post Mar 10 2013, 01:37 AM

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QUOTE(edwardccg @ Mar 9 2013, 11:57 PM)
About the mach money box, so far all is in expected, will open this account together with FD next week.

1. Account Closure is NO CHARGE after 6 month
2. Account opening deposit minimum RM50
3. Minimum balance to maintain = RM1
4. Minimum balance to enjoy features (sky high saving & free IBG) = RM1000
5. No Bank draft facility on mach branch, but can request on any HLB branch, fee is same with normal HLB bankdraft charge (RM5.15)

btw, the consultant say money box is "current account" and she also dunno why they make it a current account without cheque.
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Very clear and precise! Thanks for sharing smile.gif I will open this account too then.

This post has been edited by MilesAndMore: Mar 10 2013, 01:40 AM
MilesAndMore
post Mar 10 2013, 10:44 AM

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QUOTE(Gen-X @ Mar 10 2013, 02:37 AM)
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).
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Yeah, did not forget that and basically there is no other fee to pay except the debit card annual fee which is fine biggrin.gif

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 biggrin.gif

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
MilesAndMore
post Mar 10 2013, 12:06 PM

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QUOTE(Gen-X @ Mar 10 2013, 10:48 AM)
Well, if it is purely Hong Leong Bank, there is NO LIMIT for inter branch withdrawal.
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Good to know. All this while I thought CIMB Bank inter branch withdrawal limit of RM50,000 was generous!


QUOTE(Gen-X @ Mar 10 2013, 10:48 AM)
Now, is it possible to go to another HLB (non MACH) branch to withdraw cash?
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Yes. Gotta find that out as the nearest Mach branch to me is a lot more than just a few hundred of km away sweat.gif

MilesAndMore
post Mar 10 2013, 06:02 PM

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QUOTE(aeiou228 @ Mar 10 2013, 03:31 PM)
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.
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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 ?

MilesAndMore
post Mar 10 2013, 10:16 PM

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QUOTE(aeiou228 @ Mar 10 2013, 10:07 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.
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Noted and thanks.
MilesAndMore
post Mar 13 2013, 10:30 PM

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QUOTE(Happyman @ Mar 13 2013, 02:09 PM)
Is the interest taxable?
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No. It is not.

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