marscoco

Previous posters have asked this before.

If there is no deposit being made to TRUE Savers Account and the account balance is maintained everyday throughout a month, will the 2.8 % interest be given based on that account balance?

Second question: After opening the account, what is the minimum balance that needs to be maintained for True Transact Account? Obviously, we need to maximize the amount in True Savers Account.

This post has been edited by kart: Jul 1 2015, 05:36 PM

How did you set RM 0 limit for your debit card? By telling the officer who opened your saving account?

For me who opened the saving account few month ago, can I set RM 0 limit for my debit card, by calling Ambank Customer Service?

Thank you for your advice, fruitie.

Thank you for the information.

I need another Ambank saving account, to replace my True Savers and True Transact account.

Which Ambank saving account is better? Ambank Basis Saving Account, or Basis Saving Account-I?

The only ATM near my house is Ambank ATM.

My saving is in Maybank eGIA, similar to most of you all.

^
Now, I am confused with Ambank's statement, saying that:"if your True by AmBank debit MasterCard is also linked to a non-fee Basic Savings or Basic Current Account, there shall be no annual fee.".

If we open an Ambank non-fee Basic Saving Account, we would get an AmBank Debit MasterCard. So, the only way to get a TRUE Debit MasterCard is to open both TRUE Transact Account and TRUE Savers Account.

Referring to the Ambank's Statement, to waive the annual fee of the TRUE Debit MasterCard, the account owners of TRUE Transact Account and TRUE Savers Account must also open an Ambank non-fee Basic Saving Account and link the debit card to the basic saving account. As such, that person will not get an AmBank Debit MasterCard.

Then again, that person would have 3 account numbers, and that is a hassle to manage, right?

Ok, both of you are talking about JustOne Personal Account (https://www.sc.com/my/save/savings-justone-personal.html).

1. So, does Standard Chartered offer Basic Saving Account? Correct me if I am wrong, perhaps, this Basic Saving Account does not have free IBG and IBFT.


2. How does free IBG and IBFT work? Which one is correct?
a) When we use SC online website to transfer money via IBG or IBFT, no fee is being charged. Or,
b) IBG or IBFT fee is being charged, at the point of transfer. But, the fee will be refunded, by the end of the month.


3. Do we need to pay annual fee for JustOne Personal Account, if we choose to have the debit card?


4. What is the minimum amount of money needed to open this saving account?


5. What is the minimum balance that must be maintained for this saving account, without incurring any penalty fee?


6. When I open JustOne Personal Account, I will have both JustOne Personal Savings Account and JustOne Personal Current Account, with separate account number, right?


7. If I only need free IBFT without free ATM MEPS withdrawal, I do not need to transfer RM 1500 to JustOne Personal Current Account, right?


Thank you for the information.

Thank you for your informative reply, AIYH and Ramjade.

1. So, we cannot open just JustOne Personal Savings Account, right? In other words, it is a combo account, similar to Ambank True Savers and True Transact Account.


2. Which account should I transfer money from, to get free IBG and IBFT? JustOne Personal Savings Account, or JustOne Personal Current Account, or both of them?


3. JustOne Personal Current Account is not really current account, right? In other words, we do not get a chequebook for this current account.

For real current account, a half yearly service fee of RM10.60 is levied on current accounts, if the minimum monthly average balance falls below RM1,000 from 1 Jan to 30 Jun and 1 Jul to 31 Dec. I hope that the half yearly service fee is not applicable to JustOne Personal Current Account.


4. As long as we keep JustOne Personal Account active (at least one transaction per year), there is no other fee we should pay, right?


If that is really the case, it is really a fuss-free saving account, for us to enjoy free IBFT.

Thanks again.

This post has been edited by kart: Oct 28 2016, 11:46 PM

For real current account, a half yearly service fee of RM10.60 is levied on current accounts, if the minimum monthly average balance falls below RM1,000 from 1 Jan to 30 Jun and 1 Jul to 31 Dec.

I hope that the half yearly service fee is not applicable to JustOne Personal Current Account.

Yeah, I agree with you, Ramjade. We only want free IBFT. Getting a chequebook we do not want is pointless. And, it is risky, if we accidentally lose the chequebook.

This post has been edited by kart: Oct 28 2016, 11:53 PM

MilesAndMore
I understand your point.

I could be wrong, but if I transfer money from JustOne Personal Savings Account via IBFT, I will not get free IBFT. Perhaps, as Ramjade said, transfer money from JustOne Personal Current Account via IBFT, to get free IBFT.

I am making a comparison to Ambank True Savers and Transact Accounts. From JustOne Personal Savings Account, we can have unlimited withdrawal and transfer to the JustOne Personal Current Account.

Yeah, the interest of JustOne Personal Savings Account is much lower than Ambank True Savers account. But, who cares, since our concern is free IBFT?

This post has been edited by kart: Oct 29 2016, 09:49 AM

Ramjade

No worries. Yeah, it is better on the safe side. I have been using free IBFT offered by Hong Leong Connect, but the free IBFT is valid till end of this year. Free IBFT by JustOne Personal Account is thus very useful for me.

No annual fee is not explicitly mentioned in Fees and Charges terms and conditions https://www.sc.com/global/av/my-scbmb-fees-...let-28sep16.pdf.

Page 17 showing the annual fee for debit card does not state the exclusion for JustOne Personal Account. it just states that: "No Debit / ATM Card for JustOne Savings Account".

Regarding the minimum amount of money needed to open this JustOne Personal Account, it is mentioned in Page 4 and 8 that no minimum deposit is required. It is definitely cunning for SC Officers to demand RM 1500 for account opening.

Maybe, I should not trust so much on the terms and conditions. In short, I should trust you all, for sure.