Dont feel bad, very likely that you didnt loose anything because very seldom bank give free gift unless they advertised it which you dont need to ask for it. free gifts are automatically given to premier customer.

The only exception is Bank Rakyat which the members here are comparing and competing to get more gifts

This post has been edited by gsc: Jun 12 2013, 12:01 AM

Haha, yeah...I noticed how Bank Rakyat is like a bargaining bank...anything also can negotiate

Sorry Sis, I am afraid I mislead you.

All banks do not have obligations to give us free gift when placing a FD; unless they have a promotion stated free gift will
give away when placing FD, and most of the time they will put down on condition provided the stock (gift) is still available.

What I tried to say was:
Just try to ask for free gift when placing FD (especially when signing up new premier accounts, new FD accounts, or place big sum of FD)
even there is no promotion. Sometime bank may have some extra gifts left over from their previous promotion, or they may have
some gifts ready for customers who ask for them.

But most of the gifts from banks are not valuable, like umbrella, coffee mug, diary, back bag, travel bag, towel, shoes bag, and etc..

The gift from bank is just an extra bonus to us, if we can get it, that is great; if not, it is fine for us too. The most important
things for us is the FD rate.

I heard 2 stories from 2 RMs, they used their own money to buy gifts for their new sign-up FD customers:
(1) OCBC - RM 100 Parkson voucher (I think this was for premier customer)
(2) HSBC - A normal diary book (This was for new regular FD customer in a new branch opening last year)

Please refer to 1st page, my friend..

I started my first FD in Bank Rakyat last year May.

Thanks for the info..

No No no no no... One exception case did happen, OCBC RM tried to cheat my gold art.
I mentioned this con case last time, I believe you knew about it.

Better to check around and make sure what gift promotion does the bank have before we go. Trust no RM..

Thanks yea, fully understand it now. And yup, most importantly FD rate is the best out there, otherwise apa pun tak guna.
And wow, those 2 RMs...dedicated or desperate, I wonder. The return on their 'investment' must be quite decent.

What a terrible RM! Hope you've filed a complaint and action was taken against him/her

RM if not ethical, they can be the worst people out there. Hard to find one that cares genuinely for their customers.

I am pretty sure, OCBC RMs make good money (incentive/commission) on signing-up new premier account.
And I can almost confirm how much money they can make is also based on the FD deposit amount.

But I do not know much about HSBC since I do not have account there.

Yes, I did. I sent a complaint letter to her superior..

I had a very bad luck to have an unprofessional RM like this.

ai... a long sad story lah....

That's why I said RM selection is important. Especially OCBC only assign one RM to one premier customer, no matter
how many FD accounts (includes premier & regular account) we have in different OCBC branches, the RM is still the
same one.







This post has been edited by BoomChaCha: Jun 12 2013, 04:44 AM

Maybank online FD should only choose Islamic type and not others if i am not wrong. Choosing others will caused it to be rejected even if the status shows accepted. A few days later you will received a call from MBB asking whether to proceed with the placement.

Normally free gifts from OCBC, you will be required to sign a receiving letter. The same applies to previous Secret Recipe vouchers that i had received.

Note: my sequential replies are not combiining event though the check box is not ticked ???


This post has been edited by magika: Jun 12 2013, 06:36 AM

It very much depend on individual branch policy. If you observed certain branches does not have many staff to do the immediate processing.

ps: my replies are not combining?


This post has been edited by magika: Jun 12 2013, 06:44 AM

It will not combine if you reply a single quote one at a time. You need to tap/click on the quote buttons of all posts you intended to reply then click/tap the "more options" button.

I would prefer to read all quotes in one post rather than several posts. More orderly and neat. Replying quotes in several individual posts will stretch out this thread and it will cause "new to thread" readers longer time to look for essential information.

Sometimes uncombined post is inevitable due to timing but i hope all regulars here try your best to combine quotes using the above method.

After my earlier reply, I suspect that it may depends on their branches. BR seems to operate differently based on branches on gifts given, even FD rates. Anyway I have not been back there to place FD since Feb this year.

This post has been edited by bbgoat: Jun 12 2013, 09:17 AM

Got it.

I may be wrong. But i overheard BR manager talking with their HQ, it seems all extra % rates are charged to the individual branch OPEX.

I concur with your opinion regarding gifts & FD rates.

Last month, I went on a mission to 3 BR branches to seek for one that can offer highest FD rate + (most valuable ) free gifts. I was told by the staff of 2 BR branches that I need to deposit minimum $100k to be entitled for extra 0.10% FD rate. Another branch staff told me that I can get the extra 0.10% with minimum $50k only. I went to deposit at that particular branch. At the moment, the free gifts from all 3 branches are out of stock or almost out of stock.

besides FD, is anyone looking at other investments such as gold sinb=ce its price is so low now?

Did you get it eventually? Sometimes they dont give gold art but other things..they give a nice Ocbc paper bag to contain the free gift...the cctv should be able to show was any free gift given...and may be the stock balance can tell hw many was issued on that day.....not after post count...

I'm new to this fixed deposit account business thing, but I have RM10k lying around in my maybank account doing nothing at the moment.

http://www.maybank2u.com.my/mbb_info/m2u/p...al/ACC-Accounts

^ I plan to open a fixed deposit account online with them (seems pretty easy, just click a few times and I'll get a FD account), but I don't quite understand how the profit rate is given out?

For example, it says here 1 - month tenure gives 3.00% p.a profit.

So they'll hold up my RM10k for a month, then give me the 3% interest a year later?

This post has been edited by infested_ysy: Jun 12 2013, 01:47 PM

1 month tenure means you will get principle rm10k plus interest after 1 month, not a year.3 months tenure means after 3 months...

You need to have account opening first before can perform on line banking...bank needs your signature, personal particulars etc if you are first time opening account..

Interest = Capital x 3% / 365 x 30 days