Ah Goat Sir, I was required to get my second or third OTP during early May 2014.
I am not sure if this is coincidence or not, I was required to get OTP after I changed
to a new PC motherboard and a new hard disk.
After this, I do not need to get OPT anymore until now.

I cannot remember how many OPT I was getting so far, but I remember
should not more than 3 times.

I think they implemented the OTP something like last year until 6 mths or so ago. Probably nothing to do with your PC change. But then they changed it back to re-key in of password for IBG. Same as before they introduced the OTP for IBG.

I was happy when they introduced the OTP as it is a more secure way of transaction. But then they go back to the old way of re-key in log-in password to proceed with the IBG.

This post has been edited by bbgoat: Dec 14 2014, 03:07 PM

Which is the best FD to go for now if one have 50k? Is it UOB 4.2%@12 mths?

so actually u mean i no need to open hlb sav account?
just go to mach n open a saving acc (name as money deposit box) and transfer money ibg to this sav acc.. nx place fd online.. rite?
i see, so u place many 1k to make it? hmmm, maybe i should try that too... i just afraid got min placement or lower interest..

Country cannot go bankrupt one.
Country may default their bond, but will never "close shop".

We have Asian 97 crisis, PIGS crisis, Iceland bank default, Lehman 2008 financial crisis to know what happened when country or bank financial situation become mess time.
The countries are still there.

Err, something like Greece? So meaning as long as it is PIDM protected, no need to press panic button right. Stuffs like 1MDB is putting scenarios to my head.

I know this is off topic. How do I move my money out of the country? Say to Australia. I would like to know for future purpose. I am talking about quite a big sum.

This post has been edited by Ramjade: Dec 15 2014, 01:49 AM

There are foreign currency account which available in local banks, whereby you can deposit AUD FD, if want to diversify outside RM.

Aiyah...I opened a new FD there in SEP and the rate was 3.85% p.a

Somehow, no matter how good the FD rate a bank offers, another better one will appear out of no where after you deposit into it!!!
It is like buying a Samsung phone .. :-D

No. I don't meant like that. Like really remove my money from Malaysia. Is it possible without travelling to Australia?

hahaha. Bro, you want to take a big sum of your money overseas for what? You going to live there in the future?

And to answer your question:-

1. Open an account overseas - for example go to Australia and open a Transaction Account or USA to open a Savings Account. You can do so with tourist VISA.

2. Fastest way to transfer "big sum" of money is by performing TT into your foreign account. Or you can click here and read my article Melbourne Victoria Australia posted back in 2012 where I talked about Citibank Global Transfer where money in your Citibank Malaysia Account is transferred immediately, i.e. on the spot the moment you click the transfer button, into your Citibank Australia Account.

That was easy. Now come the hard part:

1. What reason are you going to give BNM that you need so much money overseas?

2. The other country (especially USA and Australia) will also want to know source of your fund and may freeze your fund until you proof that it was gained via legitimate means.

3. In addition to foreign government wanting to know source of your fund, the overseas bank may also want to know the same and will freeze your accounts with them until you justify source of the fund.

bbgoat - take note of item 1 above and you will understand why I asked you to give me a "honest" answer to the question on overseas investments where I said it got noting to do with yield.

TO ALL CIMB Customer:

Go talk to your RM, they got a good 12 months FD deal if you not interested to deposit with UOB Christmas Promo.

This post has been edited by Gen-X: Dec 15 2014, 12:19 PM

Feel is much safer to park some of my money overseas.

This post has been edited by Ramjade: Dec 15 2014, 01:44 PM

If I perform IBG transfer from my MBB to UOB/OCBC , and then within 2 days I proceed to do a FD placement over the counter, does it consider as fresh fund ?

for UOB, no. [UOB's FD CNY Promo T&Cs]


for OCBC, yes. [OCBC's FD Great Savings Treats Promo T&Cs]

may add on:-
(iv) your deposits (fd/casa/curr acc) will be freezed if you have any one bad DEBT with any of the merged bank.

Saw this at Hong Leong just now.



Plus I ask them if they got any new promo for FD and they said only the 3.85% p.a like she do not know there is a newer one

my opinion, start to accumulate averaging down on cimb stock from now, seems to be a better option than their current 12-mth fd rate.

dont bash me, no right or wrong!! just my opinion.

This post has been edited by vincentwmh: Dec 15 2014, 02:47 PM

hahaha, you got a point there. But why average down, deposit the fund in 1 month FD and buy it when it's lower. Wait another 3 to 6 months and maybe I can get to buy Maybank shares at RM4, hahahaha. Read this and this.

here we go, the grim reaper cometh. might putting into the s'porean banks & pbb be any safer? makes me wonder what the glc banks' exposures are to this black hole for zeti to be concerned.

hehe and they're still going ahead with that phallic symbol in stadium negara

This post has been edited by okuribito: Dec 15 2014, 03:42 PM

haha..ha lets get ourselves (other furumers here too, of course) prepare for d firesale then.