Anybody had tried before to request OCBC cheque for withdrawal from its OCBC saving account? Any charges involved?

Standard bank draft charges apply. Use giro will be cheaper.

Oic, Thanks..So, OCBC cheque issuance fee:
Withdrawal from FD=FOC
Withdrawal from Saving=Standard bank draft charges apply

Good one, From Russia with Love ............... Movie "The Bodyguard".

Have to thank our Top Cat for talking about the MBB promo. Before that I did not know MBB has any special FD promo that excites me.

Your name starts with Y ??

This post has been edited by bbgoat: Oct 20 2014, 05:28 PM

If needed to use the fund to place another FD (on the same day), would prefer the banker's cheque. GIRO then issue cheque have to worry on cheque clearance. Just like BR case. Can only GIRO, cannot get cheque. Wasted 1 day.

This post has been edited by bbgoat: Oct 20 2014, 05:57 PM

Not Sea Park SS2, it is the branch next to Shell Station or 'Bumbung' mamak

oh? forgot there is a MBB branch there. Good luck then, hope you bring back good news

RM2.15

I just updated my Fixed Deposit Page which list the latest and highest FD Promos in town. Added OCBC Express Deal 6 Months FD Promo. However I excluded Maybank Islamic "Under The Counter" Attack Promos from my main Fixed Deposit Page; because, as you can see from here, some of us here get to enjoy them (3 months and/or 12 months) whereas some don't.

The discussion in the last few pages have been concentrating around UOB and MBB 3 months and 12 months promos which offer very competitive promo interest rate. Another good offer is from Alliance Bank where you get 4% for 12 months tenure. For those looking for tenure between 3 and 12 months, OCBC got a 6 months deal called Express Deal where it pays effective interest rate of 3.85%.



Anyway, for those who are interested to know more about the Maybank Islamic "Under The Counter" Term Deposit - you can read the last few pages or click here to my article Get More FREE MONEY With The Right Fixed Deposit Promotions where I have have kind of summarized it plus my own experience with 2 MBB branch.

This post has been edited by Gen-X: Oct 20 2014, 08:28 PM

Yeah. But the person at the counter just close one eye when my mother did that.

FD upliftment to banker's cheque is RM2.15 for OCBC

Bro, last time I uplifted OCBC FD, no fee for Banker's Cheque if payable to myself.

wah, don't tell me they are doing daylight robbery? i am not a PB customer by the way

1st time, i uplifted 4 FD certs into 1 banker's cheque (coz wanna save the RM2.15 x 4) fee. Okay, understandable if it is not free because I combined them.

2nd time, i uplifted 1 FD cert directly also have to pay RM2.15.

This post has been edited by Human Nature: Oct 20 2014, 09:01 PM

Me too, few months ago.

ok, let me put in an inquiry to OCBC..once they confirm, then i shoot

Yeah mine from OCBC also free, but it was sometime back. I remember they wanted to charge me but when i insist it should be free then only they relent.

This post has been edited by magika: Oct 20 2014, 10:49 PM

I placed mine for 6 months on 7 Oct and I didnt know it was caled express deal...

Went to Ambank today, their promo is for 5 months, min 20k, 3.85%.... 5 months tenure probably one and the only one in the market...

Junior FD 4.15% for 24 months. Interest will be paid monthly.

Sorry just noticed this is already mentioned by Gen-X and supposed to end 15 Oct. But when I walked in Am bank yesterday, i was offered ths promo.

HL bank recently increased their FD rate by 0.1%. 12 months pure FD reported earlier 3.85% now is 3.95%.

Surprisingly BSN (bank simpanan nasional) also joined in for the FD race. 3.95% for 12 months but 15% to be kept in saving account. The only plus point is the Korea lucky draw trip.

OCBC Penang premier banking section is expanding. Should be operational by next month. Was told it will be the biggest premier centre in entire Malaysia. May be there will be FD promotion to attract premier customer.

With the GST implementation next year and expect the infation rate moves up from 3+% to 4-5%, very likely Bank Negara will increase the OPN in very near future. My personal opinion is dont lock in for too long period, best is 3 months. Am Bank 5 months will be a good choice too.

This post has been edited by gsc: Oct 21 2014, 01:31 AM

HLB incleased their rate to 3.95% ? Good. Just weeks ago, their HL Islamic FD 13 mth 3.9% vs HLB 12 mth 3.85%. So now HL Islamic 4%, 0.05% more than conventional ? Need to confirm that.

With SCB closing their FD promo, UOB 12 mth 4.05% probably is the best at the moment. Well, BR, non PIDM 12 mth 4.1% is better if you have the stomach for non PIDM.

For short term FD, MBB "under counter" 3 mth FD at 3.87% still the best. Though I have placed for AmBank 5 mth at 3.85% before I learned of the MBB deal. While writing this post, received call from AmBank that this deal is extended until 6th Nov.

This post has been edited by bbgoat: Oct 21 2014, 09:26 AM