Guys, newbie here. Let's say if I wanna withdraw a huge sum of money from my saving account (i.e CIMB) to put into another bank's FD, how can I do so? Request a bank draft from CIMB? Or a cheque? How much will they charge for that?

only got limited Mach branch and must open money box acc (saving acc)

I've applied for HLB Mach and already have a Money Box account. Let say if I have another RM10,000 banker's cheque and I want to apply for another FD again. I'm thinking whether I can do this

'Go to any HLB, deposit the banker's cheque into my Money Box account, wait after 4pm until the cheque clear, transfer the RM10,000 in the Money Box acc to create another FD online through HLBConnect'

Last time I went to Mach branch it took me 45 minutes for the whole process. Very slow. I think the above method is much faster.

I think the method is ok if the HLBConnect provide eFD placement, i am not sure about this.

btw, 45 minute to clear the banker cheque for opening FD account in branch?

Does it mean that it will took the 45 minute to issue the FD cert, because i was thinking of opening the FD in HLB 3.75% rate promotion by deposit the banker cheque

PS: i dun have any saving account in HLB

I understand about saving account interest is calculate daily and credit monthly

But when i check on the Mach FD T&C, i found out this things.
how should i understand this line? the T&C is really confusing.
PS:this is adapt from Mach FD T&C, not the promotion T&C
[attachmentid=3334959]
However, the promotion T&C mention no interest will be paid in less than 3 month. this is contradict with the mach FD T&C

[attachmentid=3334964]
For my understanding, it is impossible to pay interest monthly for FD.

mind to share the link to the guideline for eFD? I could not find any of this from their website, maybe the guideline can only viewable for Hong Leong Connect user?

Hi. Thank you for replying.

I do not have money box yet and i planned to open one and deposit my banker's cheque.
Operating hours for those Mach branches are from 10am-10pm daily.
Can the opening of this money box be done say 8pm at the branch? as it is out of the regular banking hours of 9-5. TQ