OCBC Promotional FD have to be open via over the counter as the same with most banks.
However, OCBC promotional can be uplift via online.

sound more like you. SSTO.

i do have affin 4.6% fd. do you, or just ssto?

That's good. PBB all have to done via branch.
Even checking a simple transaction details also ask me to go branch, I don't know what the call centre is for.

Below is what defined by Alliance whether with BC or otherwise:

Please be informed that “new funds” will be measured based on incremental growth of Total Deposit compared against Previous Monthly Average Balance (MAB). New funds are funds that are not derived from any existing accounts with Alliance Bank or its subsidiaries which is calculated as follows:

New Funds = Today’s Total Deposits – Previous MAB – This Month’s Total eFD

Luckily I managed to top up some last week

Just sharing my experience here. PBB considers funds from other banks through IBG/IBFT as fresh funds if it is within a few working days. I have also done instant transfer from OCBC to another bank and then back to OCBC via instant transfer on the same day too. They accept that as fresh fund too, no problem.

Affin is the one that gave me problem when I transferred money into & out of the account on the same day. I did that a few times as I wanted to transfer money to OCBC from MBB using instant transfer. As I was not able to do instant transfer to OCBC directly, I had to transfer funds (10k) to Affin first & then to OCBC as Affin suppports instant transfer to OCBC. When I went to place FD a few days later after I did the transfer in & out on the same day, I transferred more than 10k directly to Affin. The staff there did not allow me to place the full amount under promo rate as they consider the 10k as not fresh fund. They would only consider the balance as fresh fund even though I transferred a different amount on that day. It was not even on the same day. They won't accept it even though I told them that it was from a different bank (not MBB).

So, it all depends on the officer whether they consider that as fresh fund or not.

OCBC - Same day, same amount in & out - considered fresh fund
Affin - Different day, different amount - not considered fresh fund

Of coz as m a Lover of Affin
Btw, wat is ssto?

lover of affin?

ssto related to you.

i tot you are also NATO. really?

wiliam ssto?

Alliance e-FD really have the toughest and strictest ruling in defining fresh fund..

Almost tak boleh lari selok belok because they record using average balance...

susah betul...

Thanks for sharing.

Alternative for instant transfer to OCBC is Standard Chartered Bank.
The daily instant transfer/GIRO limit for SCB is 30K (same as MBB)
Currently, AFFIN and OCBC online transfer daily limit is 10K.

For OCBC, can instant transfer another 10K on the same day to another bank using their ATM (.53 cent fee)

So if say previously I have rm10k, matured, IBFT out to bank A then I IBFT back rm10001 from bank A, not counted as fresh fund?

Ah SiAnG, tis thread almost reach 2,500 post counts
Since u have done a gud job to start v10 on 5/10/2015, I wud like to propose tat u start v11
I need a seconder, anyone?

Based on Alliance definition, fresh fund of RM1

Meeeeee

that make more sense on the definition of new funds

Which at the same time makes it harder for anyone without fresh fund to place FD with them to get promo rates. Since it's really fresh and not "recycled"

I can second

thanks for your support

please proceed to Fixed Deposit Rates In Malaysia v11

This post has been edited by Ah SiAnG: Dec 7 2015, 09:45 PM