This was discussed in the previous thread - yes and no. Majority of the bank only allow you to withdraw at the branch you placed the FD.

And for the record, Mach by Hong Leong is giving contradicting information in their Products T&C, FAQ and Products Disclosure Sheet too. In the Products T&C, it stated the minimum account opening deposit is RM200. But in the FAQ page, it stated there the minimum account opening deposit is only RM50. Moreover, up till yesterday, it is stated in the fee disclosure table that we need to pay RM1 for each ATM cash withdrawal using the debit card even it is through HLB/HLIB own ATM. But they amended this already today and it is actually free.

Luckily we have edwardcgg who is willing to find out and share the information with us!

Yes. Still don't know which is the correct one, whether it is RM50 or RM200. May be you can finally find out tomorrow ? That's if you are still going to a Mach branch as planned tomorrow 
Can't find this anywhere in Mach website. But since they are the same company, it is therefore safe to assume that it is the same (RM5.15). Perhaps you can ask too tomorrow ?

Yes you are right with RM50K deposit.



I still think the Junior FD is better as you get close to 4% for the next two years. Plus the interest from the FD credited monthly and get to earn close to 1 month interest rate.

Hi all, just to share my experience on HL Mach 4% FD (which I shared 2 months back. I think I was the first to spot this and share here). 
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I went on the launch date (7 Jan).
1. Min amount to open Mach Moneybox acct: RM50 cash deposit. (RM8 will be deducted from it the next day by the system.)
2. FD Placement option#1: Ask Mach staff to deposit banker's cheque and open FD. FD start on the same date.
3. FD Placement option#2: Deposit cheque into Moneybox acct via machine. Once cheque cleared, u can place FD via HL Connect. FD start on your transfer date (i.e. after cheque cleared. I din take this path. The info was told by Mach staff.)
4. FD interest auto-credit into Moneybox on monthly basis.
5. Min balance in Moneybox? Not sure. But I IBG my interest out and left RM2.xx in acct. See screenshot. Will do that every month after the interest. 
Time flies, already 2 months.  4%, you can really see your money working hard for you every month.

Yes. But if the minimum balance to keep is only RM1, then the account closure fee is not important anymore. Worse come to worse, just leave RM1 in the account, don't touch it for 1 year and it will auto close by the bank  

By the way, i just noticed this under Sky High Savings. Does that mean it may be possible to withdraw every single cent even when the account is still active ?  
[attachmentid=3337968]

No. According to their products T&C, you need to keep a minimum average monthly balance of RM1,000 to be eligible for the IBG fee rebate, which will be credited back to your account the following month.

i transferred more than 1k from Money box to CIMB mid February, the refund of IBG was on 1st March. My money box account nvr had more than RM100 other than that one day in the month.

YES, and we have to open a new "pay & save Account" for interest.

11. For Hong Leong Fixed Deposit (Conventional), the FD interest shall be credited into the Customers' nominated CASA monthly or interest add-on to the principal sum upon maturity.

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.

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

Yes, just open another HLB CASA and problem solved. Debit card annual fee charged once only.
just open a Casa and no more pain.

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.

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.