Same.I did that once before. I was like shit. Kena charge already. Wait 24h also no charge. But after that scared to do that anymore.

why need so many process transfer to true transect only entitle for free 5x MEPS?

Because only true transect is the one which give you free 5x MEPS/month. No one tested the 5x MEPS withdrawal with truesavers and see if it's free. Well if you want to let the bank charge you, then it doesn't matter. For me personally, banks shall never get a sen from me if I can help it.

It just takes a few seconds. Not few hours and is instant. No TAC required. Can be done via phone, online transfer. A small price to pay compare to OCBC where one cannot withdraw and have to dump rm1k/month.

BTW, when you open a truesavers account, you will automatically get a true transect account FOC. You can keep rm0 inside true transect as the true transect doesn't give you any interest. The truetransect is your spending account. So when you need money, just transfer from true savers to truetransect.

Didn't manage to open the account today, system down it seems at KL Sentral branch. The officer asked me to go back again.

Will update tomorrow.

meaning?

oh now i've got it so tricky yeah.. better stick for scb

Not true that they insist on withdrawing on Savers. This is what I did. I transfered rm7500 from Savers to transect via online. Went to bank to withdraw the rm7500 in cash from transect. No question asked. They just said you cannot leave transect empty. I told them I left it empty so many times already ok only. They told me really?

Moral of the story is all transaction should be done using transect. So before going to banks/initiate a transfer to another bank, just transfer the money you need to transect and you are good to go. The savers is just storage place.

Hope this helps those who want to withdraw via OTC.

Your transfer to own account limit in Ambank truesavers are more or less unlimited. One can easily transfer out rm1m before going to the bank to withdraw. Do check out the limit in AmOnline. You will see what I am talking about. If I am not wrong, the limit for own account transfer is rm999,999,999.

As for not issuing banker's cheque for transect, I believe is the branch trying to bluff you. Should call up customer service on the spot and enquire whether one can get banker cheque for that amount. Is ridiculous to carry rm100k in cash.

If I am in your shoes, I will threaten to say I will inform your HQ that you denied me banker's cheque for such a large amount. Sure the staff face will become sour and give you the cheque.

This post has been edited by Ramjade: Jan 11 2016, 11:44 PM

Where are you moving the money to? UT/shares/overseas? Wow rm220k and earning 2.8%, that's about rm6000.

Managed to open an account today, minimum deposit is RM 50 but I put in RM 200 first, will transfer my fund from Maybank.

Also I set 0 limit for my debit transactions. So, it is a pure ATM card for me.

This post has been edited by fruitie: Jan 12 2016, 02:42 PM

Ramjade my online application for True Debit Mastercard is successful today.
applied on Monday and receive email this evening about 3pm.
only 24 hours processing time. kinda fast i would say.

but is that mean my online account also activated?
or I should get my debit card first?

You need to link your debit card yourself, at least that was advised by the officer and I have done it just now.
I already have access to AmOnline for my credit card.

How many times I already said do not apply online
One trouble than it is worth. Now you need to goto bank again to collect the card and register your fingerprint. If you do it at banks, everything done on the spot for you.

I do not know. For me, I need to wait 24h for AmOnline to be active and that's also with me applying via bank.

I would not recommend you to do anything until you get the card and your AmOnline is active. You need to wait 3-7 days before you can collect the card. Better call up the Ambank you are going to collect the card to check.

This post has been edited by Ramjade: Jan 12 2016, 03:28 PM

its OK since i am not so urgent.
just had a free time and i apply it.

i see
i tried already login and it seems that my AmOnline is already activated.
But only no account since i haven't link anything, i guess.
need to go to branch later and get the card activated.

I have two questions for the eFD:

i) To transfer money for eFD, transfer from Transact or Saver account directly? Will it calculated as one of the 3x free withdrawals?
ii) I supposed I choose for the deposit-i 1 month if I want the Islamic eFD?

i) I think can transfer from either one but if you transfer from Saver account, it counts towards one of the 3x free withdrawal. For Savers Account, always remember that as long as money goes out from that account, it's considered as withdrawal.

ii) islamic eFD coz rate slightly higher. Lol

Thanks for the quick reply! Alright, I will transfer from savers to transact then.

So deposit-i is not Islamic eFD?

1)Remember, all transaction just use truetransect to be safe (prevent kena charge) . Any transfer/atm withdrawal you made from truesavers count into the monthly 3x limit. However over the counter is not counted.
2) If I am not mistaken is call term deposit-i. When you select that, the min amount automatically become rm1k. You can input a higher figure (including sens) if the figure shows rm5k, you have selected the wrong eFD.

i) I thought transfer to own bank's product (eFD) will not be calculated as withdrawal ma.

ii) Yeah, then deposit-i is the one. Sorry, my first time applying eFD, I will know the date it will mature right? Thinking if I should redeem it right away or let it overrun?