You mean FD matured, SCB has 3 options, cash, SA or TT/RENTAS ?

If RENTAS it is supposed to be FAST, faster than OTC IBG. But cost higher from about RM5 to RM9 depending on banks.

Recently I received CB SMS confirmation on fund xfer by RENTAS within one hr of the transfer.

This post has been edited by bbgoat: Dec 16 2015, 04:17 PM

Oh boy, then it is NOT a big issue. Though some of us would prefer BC.

I think TT also can but never did for within Malaysia. Has done TT for overseas transfer before.

After the RENTAS, you can check online, phone banking etc. CB online has option to SMS when new fund received in acct. It would SMS me when new fund received. This is GREAT as when the funds are received after RENTAS, I just go to another bank to do FD placement (with peace of mind) by opening a cheque. Very convenient without having to check online, phone banking etc.

From the info you gave, Rentas is one of the options. Which made sense since no BC is given. Except why no OTC IBG which is cheaper but may arrive late in the day depending on when it is done. But Rentas wise also have a cut off time.

Will confirm on Monday.

Your SCB FD renewal instructions are (2) (renew principal to current fd rate and interest to SA), same as mine ?

I will change one which is due on one Sat next year to (3) on Monday. Rest all are (2). At time of placement, the leng lui told me only option (2).

This post has been edited by bbgoat: Dec 16 2015, 08:04 PM

You have Citibank account also ?

It is under Services, My Profile, Citialerts, Manage Alerts. I guess they don't differentiate if one is Citigold or not for the online account. Try it and see.

By the way, received 2 tickets for Special Screening of Star Wars The Force Awakens from CB for Dec 22nd in Gurney Plaza. Did you receive it ?

It is not PB centre (in Klang Valley) ?

Penang OCBC PB centre leng lui is better. This has always been an argument point with gsc.

Saying return of 5.5% is guaranteed is a BIG lie. Ask them to show you in B & W. It would NOT be there ! Principal guaranteed, yes, that is not an issue if hold until maturity.

I bought one bond fund which matured this Dec, CB is the bank agent. Now received a letter from both parties giving reasons why they cannot achieve the 5% yield set out 3 yrs ago. The return fluctuate between 3.55% to 4% only !

The Citigold leng lui RM who sold me this kind of very sure at the time I was sold ! Anyway she has left already.

This post has been edited by bbgoat: Dec 17 2015, 07:28 PM

If you are expecting 5% return and end up getting lower than FD promo returns, will you be happy ?

UOB BC was even just RM0.15 cents early 2014. I have been saying this even Captain Gen-X was doubting this figure. He also quoted higher BC charge from UOB for Klang Valley.

Ya, save the RM2+ for parking fee, for you guys in KV. But the Pg branch that I normally use is in a bungalow, free parking ! gsc also use that branch and where we all agreed no leng lui RM (he always disagreed with me on OCBC leng lui RM).

This post has been edited by bbgoat: Dec 18 2015, 02:01 PM

How come you miss that post ? I already mentioned after Ah Boom posted it ! Or you have forgotten about what I wrote ? Check it out !

Still hard to say yet if OPR will change next year.

This post has been edited by bbgoat: Dec 18 2015, 08:10 PM

Human Nature, he got cashiers order from SCB ?

For Citigold members 100 available tickets for maybe around Penang area.

They sent email:

Special screening of Star Wars The Force Awakens
We are pleased to confirm your reservation of 2 tickets to the special screening of STAR WARS: THE FORCE AWAKENS on Tuesday, 22 December 2015 at Golden Screen Cinemas, Gurney Plaza.
Popcorn and mineral water will be distributed before you enter the movie hall.



This post has been edited by bbgoat: Dec 21 2015, 03:33 PM

In SCB PB centre, one of the leng lui greeted me with my surname Mr so and so. Not bad. Friendly courteous staff. Have the same experience in Citigold.

No interest for FD over non working days on maturity.

Asked about BC, they have Cashier's Order which is RM 2.80. Rentas RM 5. Human Nature, Penang still issuing Cashier's Order. Then asked to change all FD to Renewal Instruction 3. Initially the lady was a bit hesitant. Said need KL to make the change. So ended decided to change only one cert which matured on Sat to Option 3.

Was told that for SCB, the cert we received is just a receipt or statement only. Not needed on maturity. In a way similar to UOB, no need any FD cert, statement, receipt on maturity. Just our IC will do.

Went to nearby OCBC PB centre, relaxing atmosphere, spacious and nice environment. Also leng lui there and very friendly, courteous counter staff (leng lui ). SCB PB centre kind of old, old building needing renovation.

Asked about FD maturity on Sat/Sun, was told they pay the interest but the FD has to be on auto renewal. BC or Cashier's Order RM2.80.

So both SCB and OCBC, pay RM2.80 only to get their cheque.

Went to HL to place the 6 mths 4.5% monthly interest FD.

This post has been edited by bbgoat: Dec 21 2015, 04:03 PM

I was thinking of doing Mach placement. But after hearing all these, find it no point, might as well do it in HL branch. MACH branch in Penang limited and inconvenient.

Ya, CIMB RM told me can uplift in any CIMB branch on FD maturity.

Initially the staff took my FD cert and said need to scan and send to KL to change the renewal instruction. Thats why I decided to change only one FD. Later she made a photo copy and returned me the original FD cert/receipt/statement.

Was in cinema enjoying free movie for Star Wars courtesy of CB. You guys have been having so many posts already !

Wow, one cert of 1 Million ! Really so called Ultra HNWI !

In May, OCBC has promo 12 mth 4.2%. Compared with the Mach placement, for 12 mth, the difference is 2k for the interest !

Also with 1 mil, could nego for better rate with the banks.

This post has been edited by bbgoat: Dec 23 2015, 09:04 AM

So what Penang side is charging is the correct amt all along. It was 15 cent before and recently RM0.68.

gen-x, will you be asking for the refund ?