So what you think other banks limit are?


haha, as you said Bro, people (read bankers) are guessing only.

My guess is OPR shall remain unchanged for now because of the following reasons:

1. Pressure to achieve target of 5.5% growth for 2014. This year 1Q growth rate was the worst compared to the last 5 quarters. I have yet to read the growth rate for 2Q of this year.

2. Most bankers justification in supporting their speculation that OPR will increase is because the say house prices are at record highs. But this phenomenon of high housing prices are occurring everywhere in the world where there are no conflicts or war. Tell me which country a young person (exclude Doctors) who has just started to work can afford to purchase a home without assistance from their parents? And with previous BNM intervention, nowadays 50% of housing loans applications are being rejected.

3. BNM has also tighten the rules for Personal Loans (but many banks still call me offering PL?). That's why BR will be earning less and thus offering lower dividend rates nowadays versus commercial banks which are now offering higher promo rates than last year.

If you ask me, what BNM should do now is limit car loans to max 5 years instead of up to 9 years.

As for banks offering higher interest rates for FD, I think it's because they are raising funds to meet BNM's requirement for next year, click link below:

http://www.thestar.com.my/business/busines...of-total-loans/

This post has been edited by Gen-X: Jul 4 2014, 11:56 PM

I don't remember the limits, but I'm pretty sure I've done giro above 100k before at OCBC and UOB.

Edit: Checked back in 2012, OCBC definitely could. Affin last few months also above 100k for GIRO OTC. Unless they change the policy somehow. Next week will do GIRO with UOB, will ask them about the limits then if I remember.

This post has been edited by munkeyflo: Jul 5 2014, 01:02 AM

I'm using personal cheque to transfer money but being charged RM50 for "referral of cheque" fee.
Hence my advice is to minimise personal cheque for FD placement.

I have never faced such problem when using personal cheque for FD placement. Which bank's cheque are u using?

CIMB Bank. poor me. I'll never use personal cheque again

Personal cheque for FD placement? That's what I always do wor. Never been charged such fee before.

I immediately call CIMB when saw the RM50 'CRC charges' in CIMBClicks. The officer said is due to issuer didn't pick up call from cheque processing department for verification 'on the large amount being issued', therefore they need to conduct verification manually via internal and external system.

Don't know whether they are looking from money laundering angle.

I just closed my current account yesterday and never look back again.



This post has been edited by cappuccino vs latte: Jul 5 2014, 01:32 AM

Current top contenders as i gathered:

Affin 3.6% HL 15m 4.0%
BankRaykat 3.9%
UOB 3.85% 13m
AmBank 3.75% 15m

wait 5 more days, first fd promo above 4.0% will secure huge customer orders, let's see which bank has good marketing department. As of now, which one will you pick?

Learn something new from you sis. And thanks for taking the trouble to go check your records

We learn new stuffs everyday.
Sometimes they might change the limit without us knowing it also. Next week when I go UOB will ask about GIRO and Rentas limit and update here. If not mistaken, Rentas limit also not 500k.

Sis, check the link below, GIRO limit up to RM1M per day!

http://www.myclear.org.my/faqs/interbank-giro-faqs/

And you are right once again, RENTAS currently no limit (subject to bank I guess), see BNM link below:

http://www.bnm.gov.my/index.php?ch=ps_mps&pg=ps_mps_type

This post has been edited by Gen-X: Jul 5 2014, 09:00 AM

Ha ha, lets see by July 10. You sure have good economic skills. I am more of layman in terms of economics.

Myself never done GIRO of 100k before. No wonder lah, you are Top Flo.....................

The bank should not have charged you. They should tell you up front if it is a normal fee. It is in their interest to verify the cheque but should not use any reason to charge you add'l fees. Magika would have complained very strongly on this. (Ha ha, where are you Magika ??)

This post has been edited by bbgoat: Jul 5 2014, 08:56 AM

Thanks for the links. Yea, guess they changed the maximum limit since the last you checked.

Just checked with Mach sunway pyramid branch. The guy say cannot do a OTC giro at HL bank but can get a bankers cheque using moneybox account.

This Mach acct seems to have diff policies as compared to other banks.

I doubt there is such things as bank charge it's client due to failure to pick up the call for chq verification.
The chq referral fee is charged when bank honored or paid a chq which is over limit. The bank has the discretion either to return your chq or pay your chq when chq issuer's account has over limit. Perhaps you have some deposits still floating in your account but CIMB decided to honored your chq probably due to they regarded the float is a reliable float.


I believe If bankers chq can then giro sure can as long as it's not cash withdrawal.
I remember I read the TnC before that money box can't do any other OTC transactions except OTC deposit.

The bank should not have charged you due to failure to pick up the call for cheque verification Something fishy somewhere

Rich Gal spotted I never done GIRO of 100k before

Ya,

I kind of still not trusting sending thru' the cloud >100k of my money. Would have preferred a banker's cheque. Kia Su guy vs our Top Flo/Lady.

even with banker's cheque, it's not even close to 100k. juz ordinary guy here