When I opened FD accounts at UOB, they split the total cheque amount to two FD accounts.
So, no need to have 2 cheques for 2 FD accounts which I initially thought I need to and I also don't mind since next year there will be chq processing fee. I want to finish my cheque book as soon as possible..lol

I think MBB at SS2 has one of the worst customer service

Oh... accidentally hit a wrong key again when tried to update Post #2.. Sorry..

This post has been edited by BoomChaCha: Oct 17 2014, 08:07 PM

Hi all sifus here,

My current FD is placed with PBB at an super low FD rate. Can i withdraw tat FD in bank draft and put in into my saving account with CIMB and make a bank draft in CIMB immediately or instantly with tat fund, so that my fund now come from CIMB instead of PBB, in case the MBB branch i going to visit insist my FD fund for the under counter 4% FD must be from tat 3 banks.

Thanks all.

Bank draft is like cheque need time to clear. Why not go direct to MBB and find out? I thought 4% dont need fund from 3 banks?
You can Rentas it in the morning, and be able to buy Bank Draft in the evening. Alternate option Giro across but got slight delay.

Refer to 1st page, Uncle Ah Boom post.

This post has been edited by magika: Oct 18 2014, 09:32 PM

Ok wil go MBB find out before i do anything at CIMB. Thanks.

Ask the MBB branch first. My experience is some branch may insist the fund is from the 3 banks. But some may just ask you if you have acct in the 3 banks. So ask first. The bigger the amt, the less issue you have with the MBB branch. MBB branch are competing to get funds as well.

Thanks for the tip
Thought so too as previously they were even too lazy to check for available ASN units & when I asked for extra deposit slips, they just give 1!

Want to ask, say for a bank A which required fresh funds for fd,

Day 1 : Withdraw RM20k cash from bank A.
Day 2 : Bring back the RM20k to put fd in bank A.

Does this count as fresh fund?

Yeap..

Cause last time my mother wanted to put FD, she did that and the bank people said cannot. Actually is not allowed.

few months ago....was told of same thing at Ambank.
cannot...have to transit out to other bank electronically/ cheque.
then transfer back to Ambank electronically from other bank or cheque.
they said my fund can be tracked thru NRIC.....Ambank to other bank, then other bank to ambank = fresh fund.
unsure of now or other branches/bank.

weird. maybe next time add RM1

I did ask that...if I add another RM500 how?....same thing "no".

When it mentioned fresh fund, then its meant for fresh fund.
What is suggested is discreetly do it to circumvent the conditions, it depends on personnel manning the counter whether they really check. Officialy its no no of course. Dont need ask, as whats told does not meant its quotable. Tis the reason I dont like too much conditions attached to FD deposit as not willing to play deceit games.

reason for not allowed? it's our money for god sake..

or they worried we bring illegal money

EDITED: My bad, I did not read carefully

I reread the question and it should be considered as fresh fund as it's the next day.What bank was that which did not want your mum's money?

I know some have even deposited the money withdrawn in cash form on the same day but redeposit it later with different teller.

If your mum has a cuurent account with another bank then very easy top solve the matter you mentioned.

1. FD maturing with Bank A.
2. Before uplifting the FD with Bank A. Write a Cheque from Bank B and place a new FD with promo rate.
3. After getting cert for item 2, uplift/withdraw matured FD in cash form.
4. Go deposit cash info Bank B immediately, same day if the current account got no funds in it!

Another alternative instead of withdrawing cash mentioned in item 3 and making sure that the money is credited into Bank B on same day is perform GIRO before 12.30pm. To learn more about this, click here to my article A Little Bit Of This and A Little Bit Of That Vol.1, Chapter 4 and scroll down to InterBank GIRO or IBG Transfer via Over The Counter.

This post has been edited by Gen-X: Oct 19 2014, 09:53 PM

Fresh funds is different from take out and put in. Its just how strict the bank/person want to be. Maybank rewards people who bring money from Public Bank, but if your money already in Maybank they don't want to reward you.

Just saw the note below on UOB online banking FD page. Looks like no uplifting online if FD done in branch.


Note : Fixed Deposit withdrawal via UOB Personal Internet Banking is only applicable for Fixed Deposit placed via electronic banking channels, i.e UOB Personal Internet Banking, UOB 121 Phone Banking and UOB ATM.

This is good security measure if you ask me.