QUOTE(Gen-X @ Apr 16 2014, 09:53 AM)
Previously, I copied and shared in the above which was posted by
cybpsych at Maybankard 2 Cards Thread as I thought the info would be beneficial to those of us having OD facility. I.e. Withdrawing Bank A FD and then perform IBG transfer to Bank B and then write a cheque at the same time to Bank A to be eligible for FD Promo with Fresh Fund.
And with the short discussion between a few of us, one of us mentioned about performing IBG over the counter. And guess what, I wasted RM2 to try out IBG transfer and I am happy to report that the transfer was credited into the receiving account on the same day
Well, I just published another article with the title A Little Bit Of This and A Little Bit Of That. Actually this is the 4th article with the same title. As usual, I will be covering numerous subjects in my series of articles with the same title A Little Bit Of This and A Little Bit Of That. In this new article, you will learn some new stuff or maybe nothing at all.
So, for those of you who have time to waste and more importantly a kiasu like me, please click the link below to read my article and learn more about what I have to say about IBG Same Day Fund Transfer (plus other stuff that may not interest you).
A Little Bit Of this and A Little Bit Of That - Vol.1, Chapter IV.There is another method I wish to share is than how one can still manipulate the fresh fund from the same bank A even in the afternoon ie after 12.30pm IGB giro same day clearance cut-off time.
If one can only go to the bank in the afternoon, the over the counter IBG giro trick no longer work. Therefore instead of IBG giro, withdraw the FD by Banker's Chq, write a chq from Bank B OD account to Bank A to be eligible for FD Promo with Fresh Fund. Then bank in the Banker's Chq bank to OD account at any Bank B's CDM before 4pm for same day processing.
The pro for this method are:
More flexible and convenient time allowance up to 4pm. (Avoid morning road traffic and banking rush hour)
Banker's Chq withdrawal from FD account is usually FREE. At least for OCBC, HLB, CTB....
No OD interest incurred.
The cons is, need to walk to Bank B to deposit the Banker's Chq before 4pm.
Apr 12 2014, 05:17 PM
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That is how I compute those daily interest or ADB (Average Daily Balance) type of schemes, and verify to what the banks have given me. So far my calculation matches to the actual interest I get from the banks. 
Luckily coz the banker's cheque fee is RM5.15! So made a saving there 
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