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 AS1M, ASB, ASW,ASM,ASG,ASD

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lowyatben
post Apr 23 2009, 11:23 AM

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Hi, guys
If I were to make a withdrawal from either ASM or ASW2020, can I get the cash right away? I hear that it takes at least a week to process...

Thanks,
lowyatben
post Apr 23 2009, 12:32 PM

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QUOTE(MilesAndMore @ Apr 23 2009, 12:09 PM)
I'm still very new with ASM and ASW2020. Anyway, ASM and ASW2020 looks just like ASB. So i believe when you sell your units in ASM or ASW2020, you will get cash straight away. No need to wait a week to get your money back. Everything will be done on the spot.
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Thanks. Since you based it on your ASB experience, can someone verify this? Does this apply to ASM and ASW2020 withdrawals as well?
lowyatben
post Apr 23 2009, 06:02 PM

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QUOTE(andoril @ Apr 23 2009, 04:41 PM)
i have tried selling 4k of my asw2020 last year and immediately got my money bk on the spot. btw, i did it thru cimb.
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Cool. Thanks, man.
lowyatben
post Apr 27 2009, 10:51 AM

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Just wondering... I opened the ASW2020 and ASM accounts late last year. Went and deposited some $$$ into ASW this morning so obviously got my passbook updated. However, there's no dividend/interest payment shown. Should that be the case? I thought dividend/interest was declared? Shouldn't it be reflected in my account?

Thanks in advance.
lowyatben
post Jul 20 2009, 11:38 AM

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QUOTE(Lawyer1 @ Jul 19 2009, 07:54 AM)
One theory : ASM may go bankrupt but ASB remains intact ! Be careful.
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Whoa! Do you have any facts to back your claim?
lowyatben
post Jul 21 2009, 11:53 AM

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Good for you guys. I did not purchase any units this round.
lowyatben
post Jul 21 2009, 12:24 PM

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QUOTE(ezone @ Jul 21 2009, 12:02 PM)
No more already. All units sold out. :-(
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So fast?!
lowyatben
post Jul 21 2009, 12:34 PM

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I have always avoided Maybank when it comes to these AS? stuff. Better to go to the post office or other banks. Maybank's always system down or long queue.
lowyatben
post Jul 21 2009, 12:36 PM

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Then you have to boycott that particular post office. Heh!
lowyatben
post Jul 21 2009, 12:41 PM

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@ SnoWFisH: I was commenting to ayumiya's earlier post about the post office that he/she mentioned.

Anyway, yeah, I think AS1M is the next best alternative.
lowyatben
post Jul 21 2009, 12:56 PM

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As far as I know, top ups do not require ICs. However, I'm not sure if there are limits as to just how many books can one person top up, though. As per Savor_Savvy's experience this morning, I guess there isn't any restrictions.
lowyatben
post Jul 22 2009, 04:38 PM

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WHat to do? Some of us do feel that as long as the returns are more than FD, we're game...
lowyatben
post Jul 23 2009, 03:14 PM

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QUOTE(andoril @ Jul 23 2009, 03:05 PM)
our deposits in bank is protected by PIDM up to RM60k.
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Per bank? Or total?

Anyway, I thought all of deposits in banks are guaranteed till end 2010? IIRC, there've been ads in the papers highlighting this in recent days.
lowyatben
post Aug 6 2009, 09:37 AM

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So is it better to open with cash or bank draft? Any difference?
lowyatben
post Aug 6 2009, 10:02 AM

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So will there be a difference if I purchase using bank draft or cash? Somebody said earlier he was asked to pay charges when he wanted to pay via bank draft. Besides, I dun wanna carry bagful of cash around...
lowyatben
post Aug 6 2009, 11:16 AM

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I just opened at the post office. Cash. No service charge.

Added on August 6, 2009, 11:16 amGot me own yellow book now. smile.gif

This post has been edited by lowyatben: Aug 6 2009, 11:16 AM
lowyatben
post Aug 6 2009, 11:24 AM

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I was the one and only one who opened such an account...
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