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

Thanks for the heads up on HL 4.5%, 6 Months.
Placed today, best deal in Y2015. haha

Okay thanks for the info, for this situation, rentas it is then. So just need to provide the destination account number to the teller? How do you guys normally check whether the fund is in or not? Mobile banking?

@bbgoat, From the memo, one of the table entry:

Affected OTC services:
Interbank Giro / Cashier's Order / Bank Draft

Alternative:
Internet Banking / Breeze mobile app / ATM / Outward TT / Rentas

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.

Yup, with rentas then no issue. Just i wonder why the teller does not mention about it. Even one aunty at the counter next to mine had to credit everything to her SA just now and the teller did not inform her about rentas. Can you double confirm with your RM @ SCB next week?

This post has been edited by Human Nature: Dec 16 2015, 05:02 PM

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.

I just got offer from OCBC (masjid Jamid branch), placement of 20k FD for 6 months @5.1%.

but then have to buy ut or place money in casa?

I might drop by at the SCB branch next week to change the renewal instruction for all remaining certs to :

(3) Credit principal and interest to same currency account number

Will be bringing the certs this time.

-----
OCBC considers fund transferred to CASA in 7 days as fresh fund for FD placement. Anyone know what is UOB criteria? TQ

Wow!! Gam sai lei ???

Pure fd???

if pure fd, near to ur dream of 5.5% but i doubt so

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

I wont be surprise with it going toward 5 to 6%

Yes, all (2) except one cert with (3).

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

5 years maybe

by the way, where is maybank 5.5% info, we are waiting.

Don't sound like Pure FD to me.

I just placed HLB 6 months 4.5%. Don't expect it to become 5% so fast la

yes, not so fast. some dreamer dreaming & dreaming

Dewan Rakyat approves PIDM (Admendment) Bill 2015
http://www.theedgemarkets.com/my/article/d...dment-bill-2015

Lou Sai, hai jhan ng hai ah? hahaha