Jan 5 2007, 12:39 PM
QUOTE(athlon 11 @ Jan 3 2007, 11:07 PM)
i suggest only put a certain amount,something like money for 2 month of your normal spending pattern in your saving account that use for autodebit credit card fees.if any unauthorise transaction happen,you will not facing that great lost.
however,it really not a good idea using you major saving or major current account for the autopay credit card purpose.
the time to monitor the minor account and to transfer money to the minor account from the major account somehow makes itself useless. The same time can be spent to transfer the money from your major account to the credit card account.however,it really not a good idea using you major saving or major current account for the autopay credit card purpose.
just my 2 sen.
please do not rely on EPF for your future financial needs. there has been so many foul ups at this GLC that the future of the funds in it is in question. The RM 1.5m money that was taken out recently serves to highlight that other people ( read govt servants ) will not give 2 hoots about spending OPM ( other peoples money ) and if the money really lesap / suffer loss in the KLSE or elsewhere, they will simply wash their hands, declare a loss and reduce the dividend to you and me. That's it. No other action. You may get back your full sum when you turn 55 but inflation has already taken a big bite out of it.
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