Someone mention ASB2 can invest foreign share market, but in AR 2015 I don't see it

Was at the bank this morning and it looks like one lady was able to deposit $ into her 3 ASM accounts, I assumed for her 3 kids as they were with her..must be their lucky day.

well if u read my previous posting.. there's seem to be unit available daily.. only difference is big amount or small amount

and not forgetting if the staff actually try for u.. if not then no units (staff said so to u)

This post has been edited by nexona88: Jun 9 2015, 05:06 PM

So, did u try to top up subsequently?

No, I didn't. Didn't have my passbook with me.

In fact u can try as some Banks allow top up without passbook

Oh, didn't know that. Thanks for the info.

please state clearly which bank allow to top up without passbook (OTC) & have u done it before...

Anyway I saw some interesting info in ASM AR 2015.. esp in Page 33




and yet some banks staff say unit sold out / no quota when we ask them

Hi guys, need some clarification about ASB 200k limit.

I tried asking Maybank personnel but they are not able to answer and I hope posting in this forum could give me some insight before I need to go to PNB and ask.

The question is, in this scenario,

If on year 1, my ASB account I have maxed it. On year 1, I straight away dump 200k in the acc. therefore limit reached.

On Year 2, dividend credited in the ASB account, let say 8%, I have 216k in the account.

Year 3, i take out 16k from the account and left 200k (which is the original limit)

Within year 3 itself, before any dividend is in, can I put back another 16k in the account? As in is the actual limit of my ASB, is it raised?

got the same problem, any otais here could help?

well I think the same issue has be raised before in ASNB previous Version Thread..

(if I remember correctly).. that ASB limit would grow bigger to take count the yearly dividend & would stay the same even u take all the money out

ASNB cannot reduce the limit back to 200k

and yes, u can put back the money in the account

This post has been edited by nexona88: Jun 10 2015, 01:15 PM

My asb never exceed 50k..😂😂😂

go asked asb person,
if ask bank
they said f++king know everything.
but know nothing.
why dont put in account 2
another 200k limit

veli simple. take ASB loan

dividen is not calculated in the max 200k. so if u have put enough 200k think its max out already. all u can gain is just the dividen annually.

correct me if im wrong.

R not stable enuf to go that route..only starting my working life..will do mybe sometime in d nearest future..

dunno coz havent maxed out my asb.

Year 1 = 200K , cannot add anymore during year 1
Year 2 = 216K, cannot add anymore during year 2
Year 3 = 200K, withdraw 16K, can add back till 216K

Rather than ASB, why not put in KWSP ?