Friends, I have a n00b question.

I've never placed "fresh funds" from other banks before and I'd like to know what's the cheapest way to do it without having to carry a bag load of cash into the bank.

Doing a banker's cheque will cost some money so I try to avoid that. Based on my experience with IBG, it has to be from one account to another right? What if I want to take up an FD promo from Bank A and I want to transfer the money from the savings account from Bank B... How does it work then?

Advice much appreciated.

But because I want to take up a promo, which means I have to open a new FD account right? So how to I do IBG from Bank B to Bank A when the FD account in Bank A is not opened yet?

Or do you mean i have to open a savings account in Bank A first, then transfer $ from Bank B savings account to Bank A savings account, then open FD account in Bank A by transferring $ from Bank A's savings account? In most cases, will banks accept that as fresh funds?

Regarding the T&C's, most are rather vague. For eg., this from HLB:

"Cash, interbank GIRO, new funds received via telegraphic transfer from other banks, local cheque or banker’s cheque issued by other banks which are deposited into the existing or new FD Accounts of the Eligible Customers"

It goes back to the scenario above - how do I IBG into the FD account when it's not opened yet?

I'm using CIMB. The banker's cheque costs RM6+ before GST. That's already a chunk of the interest I'm going to earn from FD. But if banker's cheque is still the best option then I may just go for it.