QUOTE(poi2005 @ Dec 7 2015, 03:13 PM)
I was told by PBB, the funds in my account will not consider fresh funds, so IBT from other acc or bank will not work.
The only way is what Ramjade said, TT to another bank, issue a BC again.
Like that, I would rather ask PBB issue me BC from my FD withdrawal, i go other bank for their FD, since the rate is almost the same for most bank now.
QUOTE(safilo @ Dec 7 2015, 04:38 PM)
Transfer in from another bank is consider fresh fund.
So you moved your fund from Bank A by TT, cheque, instant transfer, or IBG to another bank B, and then back to bank A by any mean of transfer, the said fund should be consider fresh fund to bank A.
Have done online instant transfer from OCBC to another bank and then back to OCBC via online instant transfer to open the 4.5% 12 month promotional FD on the same day. No problem.
QUOTE(mamamia @ Dec 7 2015, 05:19 PM)
I don't think it is loopholes... as long as the money is from another bank, bank has no right to question whether it is the same fund that transfer out from the bank... That's ur money, not bank money... If they question u, then u've ur right to complain...
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
Dec 4 2015, 04:05 PM
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