Looks like it is workable if u only have one Creditcard or many cards with the same due date. As for me I already have too many cards with diff due dates.

Yes, that's true. No joke when I have so many different due dates. Cannot la.

Stay humble, I stick to 2.8% for now.

U can set all cc due date to same date. So when want to pay cc, know all the oustanding payment and use 1x transfer only from truesavers

Truesaver -----> Maybank -----> all cc statement

You sure all banks let you set due date?

U can set all cc due date to same date. So when want to pay cc, know all the oustanding payment and use 1x transfer only from truesavers

Truesaver -----> Maybank -----> all cc statement

Btw, perhaps you're kind enough to share the link ?

Must be useful to all of us here 

Well I did read his blog but not that old posts.

I normally read his credits card post and bragging rights and Rolex stuff

Indeed he's a special kind of human being with the 'spending children future inheritance' thoug

Thread seems a bit dead but would like to ask a question. So you have to manually link your debit card to either Savers or Transact because I'm a bit confused on this thing. Or is the debit card automatically linked to Transact account? So if it is linked then all spending will be from that account?

Debit card is automatically linked to Transact Account

when is actually the interest payment date?
let say if i have rm100 in my truesavers account, should be able to gain 23 cents per month, is it?

Would like to reconfirm the following:
- 3 withdrawal limit is impose on True Saver account only
- unlimited free withdrawals and online-IBG from True Transact account.

To make full use of these accounts n high interest n without incurring any fees:
-put funds in Saver Account to get d high inetrest,
-plan to have max three transfer/withdrawal to Transact account per month then use the Transact accounts to do online-IBG for payment.

Would like to reconfirm the following:
- 3 withdrawal limit is impose on True Saver account only
- unlimited free withdrawals and online-IBG from True Transact account.

To make full use of these accounts n high interest n without incurring any fees:
-put funds in Saver Account to get d high inetrest,
-plan to have max three transfer/withdrawal to Transact account per month then use the Transact accounts to do online-IBG for payment.

Hi @cybpsych,

Let's go through your four scenarios one by one:

1) You can transfer from MBB IGB to TRUE Savers to enjoy the flat interest rate of 2.8%.
2) You get three free withdrawals from TRUE Savers per month. Any withdrawal after that will incur a RM5.30 (including GST) cost because TRUE Savers is meant for you to park your money in there to earn the high interest rate. Yes, any withdrawal from your TRUE Savers include transfers, bill payments, ATM cash withdrawal, etc.
3) Correct! Please use your TRUE Transact to pay bills or IBG tranfers for free.
4) If you want to transfer any money from your TRUE Savers to your TRUE Transact Account, you can do this but please note that your transfer from your TRUE Savers to the TRUE Transact is considered a withdrawal, hence the 3 free withdrawals per month. The fourth withdrawal and upwards will cost RM5.30 (including GST).

ohcipala

I got a shock when I looked into my TRUE accounts this morning when fees of rm5+$0.30 was charged into my acc.

So the 3 withdrawal limit is counted on the total of both accounts?

last i asked, Savers -> Transact is considered as withdrawal, will utilize the "3 free withdrawals per month".

ohcipala

I got a shock when I looked into my TRUE accounts this morning when fees of rm5+$0.30 was charged into my acc.

So the 3 withdrawal limit is counted on the total of both accounts?