As far as I know, all banks charge a standard RM0.11 for IBG and RM0.53 for immediate transfer. Bill payments are never charged a fee. These charges are regulated by BNM. Sometimes, some banks don't charge as part of promotion period. Otherwise, they charge the standard fee.

Using credit card RM500, let's say 5% cashback = RM25.
But if the person has RM80,000, the 1.2% = RM80

OCBC recently introduced the SoftToken.
The "OTP" in the soft token works fine, but when I try to do fund transfer, the challenge code / "Transaction code" crashes. So I'm unable to transfer fund via the OCBC website.
Anyone having problem with "Transaction code"?

I called up customer care. And they said they just launched it yesterday and they are taking in all complains from customers to be forwarded to the IT people. So in the meantime, it will crash (for me) if transfer is above RM10K via website until they fix it.

Agree. Check your OCBC statement. As long as transaction is listed as "SA BANDCARD PAY (DC)", then it is considered as spending.

Sometimes you encounter the wrong bank officer. It can happen to any bank and in any branch. I can understand how it feels. Just write in to complain.

My encounters:
1. Rejected by Maybank to open a savings account because my IC and my workplace don't match the branch I'm applying to. I rent in that area. Walk across Alliance Bank and open an account there instead.
2. Walk into OCBC bank to open currents account, told by officer to go back to the original branch to open. Walk over to HSBC and immediately open a currents account.
3. Lost my RHB passbook and account password. Cannot use my IC to verify my identity. Was told to go to original branch. At original branch, need two documentation to prove my identity (I don't get it, why IC and fingerprint is not enough). So after that, was told that account is inactive, need to pay a fee and since the fee plus closing account fee is more than my current value in bank, told to just let the account die by itself.
4. Latest is application for OCBC credit card got rejected. The following week, an officer called to offer me the credit card. I said "dowan liao".

This post has been edited by vrek: Jun 14 2019, 03:29 PM

For number 2, if you do a bank transfer also counted - different bank accounts la.

The 4.1% interest is applied on average for the month.
Meaning you open the account on 19th June, put money in, the first 18 days of June is zero ringgit.
So at the end of this month, when you received the 4.1%, it will not be the amount you imagine.

Example,
Deposit $100,000 x 4.1% / 365 * 30 = $336.98

But if deposit starts on 19th June onwards,
Average is $40,000 x 4.1% / 365 * 30 = $134.79

Alternatively, you can use the ATM debit card to reload eWallet. It counts towards the "1.3% interest when use credit card"
You can opt to use that amount in your eWallet or withdraw.

Tip: Withdrawal from WeChat is free.

Correct. I mean not everyone likes the OCBC credit cards. There are other CC out there with better benefits. But in order to fulfill the RM500 spending requirement, and if you don't like using OCBC CC, you can use load to WeChat. It deducts from your account via your debit card. Of course there is no cashback or points to be earn - this post is not meant for it. But it can optimise your interest rate as you fulfill all your 3 criterias for OCBC.

Yes.

No. Only toward spending criteria. I've used it before. Because I'm using the debit card to autodebit, it counts as spending criteria only.

Yes.

Foreign banks usually more afraid due to AMLA. My IC from Penang, I stay in Selangor. Have to show utilities bill with my name. I subsequently moved to Johor. Went to open currents account - straight away told cannot, go back to my primary branch. Subsequent year, went to put an FD - all sorts of questions asked. Have to show proof I stay there. EVEN THOUGH I have an OCBC 360 account liao.

Not tried that before. I withdraw to another bank account.