But for each cert they printed the  account is different (affin, scb) except HLB. HLB all same no. (eg 123456789) So no, I dont have new account no with HLB.

My question is can I ask affin and scb to do the same like HLB? Print same account no on my next fd?

Hello Uncle Magic, you don't fool kinabalu lah...
Penalty will apply and will deduct money from principal..

Cause my parents making will. And they do not want to pay lawyer anymore if place new fd (you need to pay lawyer to update the will)

So if they put new fd in say scb, scb will give them new cert with new account no. So if they update the will with the new fd, they need to pay lawyer.

That is why they want to know if they can get all same account no from the same bank. That way, no need to pay lawyer.

SCB not possible..even worse, the numbers are not in sequence too..

need to update into WILL, EVERY time there is a new FD deposit?
was never informed of that before,
was told to write...."ALL my monies in banks will be...."
the bank will use in NRIC to check.....when I am gone.

If you have FD will mature next month, see if you can place 3 months FD first, and to wait for Bank Negara meeting
which held in early November....

Statement based is actually better than cert.

Statement
- your joint name party quietly withdraw the money, next month knew already when statement comes. While there is one bank does send letter to inform particular FD has been uplifted once the uplifting is made. So cannot "quietly" withdraw.

Cert
- no statement, forever don't know your joint party has withdraw the money if you don't hold on the cert.
Even you have the cert, the joint party can report it as a loss, and replace with another and withdraw, and your old cert is invalid, and forever think you still have the money with a invalid cert.   

Also, with cert, when old time, may forget where it placed already, and may forget how many cert has been placed.
Statement, everything clear in a page.

If want to report the FD cert is lost, the bank has to get verification and confirmation from all joint names of FD
depositors listed on the FD cert. One party cannot make a valid report that the FD cert is lost (unless it is single name).

For example, If Ah Goat, Uncle Magic and I have a joint name FD cert, and Ah Goat holds the FD cert.
Now, if Uncle Magic has a bad intention and he wants to withdraw all the money and run away to Caribbean Islands
by cheating to the bank that the cert is lost, then the bank will need to get confirmation from Ah Goat and me that
the cert is actually lost.

Good example of "Good" guy wanted to go to Carribean Island.    I have fond memories of Puerto Rico, Virgin Island and its surrounding islands (tax free haven island for perfumes etc). 

Losing FD cert is really a trouble. Last time years ago, MBB even asked me to do a police report !    But UOB and maybe some other banks do not need FD cert to uplift which is easier in a way but could have other issues. 

Nov OPR increase will be GOOD ! 

Every action there will always be good and bad reactions. For those who are debt free, should be happy also. Right, "Good" guy ? 

As far as I knew, you only can withdraw online if the FD is placed via online in the first place.

You can't withdraw online if the FD is placed over the counter.

Also online transaction limit to third party (GIRO) is set at Rm10k/20K limit by default.

I scattered my FD to multiple small FD, ie:

1,000 for 1 month
1,000 for 3 months
3,000 for 6 months

For the purpose of ease of withdrawing during emergency.
It has now grown to extent it is all over the place.
Would you guys take it out and move it to another for the hassle or let it be?

Ie, if a bank offers better rate, when the rate expired, did you guys take out the fund and move to another bank?

I find it a little too troublesome lol

Hi to all FD master,

Currently I'm placing FD using M2U, what is the best method to transfer my cash if let say I wish to enroll 12 month UOB 4.05% FD? Buy banker cheque from Maybank for safety purpose or open a SA at UOB then only perform online transfer after that? Thanks for answering!

Correct me if i am wrong. IBG to UOB SA and then transfer to FD is not considered as a fresh fund, right?

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.

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.

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

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