Deal Hunter,

With all due respect, the long essay is kinda rubbish.. Im in the IT industry, im a solution architect for IT security infra, so if you were to tell me bank's system is faulty or whatsoever, then i gotta tell you to learn more bout the system before commenting..

1 login is bound to the daily transfer limit, be it you have 10 accounts linked to that login.. I have large sums to transfer, and have personally tried it before. Its just your thinking is so simple, not the bank's system

What does not being familiar and account compromised gotta do with daily transaction limit? Totally OT

Too much nonsense to digest. Why cant a server handle multiple requests/operations in a single session? You kidding bruh?

This post has been edited by raptar_eric: Jul 6 2016, 02:10 AM

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This post has been edited by poor man: Jul 6 2016, 08:59 AM


Attached thumbnail(s)

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Please check the t&c for al Rahji fd. The last fd I put, they require me to uplift exactly on the same day of maturity. Else there will be a 1% penalty if you plan to uplift few days later. Not a problem if you monitor diligently.

Other than that no issue with this bank as not many ppl and hence service is better.

Please refer to cherroy post July 4, 2016, 01:53 PM. She also did it. Why can't you?

Each bank has its own product range and their own rules. Frankly some banks are better, and some a lot worse. You can read it from the complaints. Please ask your bank what you can do and cannot do. If the answer is not so nice, you can change to a better bank.

Not all banks systems are the same, some are more stringent and may impose more restrictions. That is the banks right - that is why I stated you need to understand your bank. It is not that it is faulty or excuses, it was made like that for my bank.

Things can be delayed because sometimes the TAC only arrives later, that is why it is not advisable to do things in one login session, by which time the security aspect may already disconnect your login.

FYI, I was also in the computer field and one of the pioneers of computerisation in Malaysia before my retirement. I am more than qualified from work experience to speak about computer staff and so called top foreign and local experts and consultants, computer systems and their running. Usually there is some kind of need to go thru various servers and different storage devices. But I was not in the banking line.

This post has been edited by Deal Hunter: Jul 6 2016, 10:38 AM

Seems like the principal will credit to SA or CA upon maturity.....
So have to open a CASA also.

great, forget bout al rajhi then

Why cant a server handle multiple requests/operations in a single session? You kidding bruh? from raptar_eric

Of course "CAN" handle. But don't expect it to work fine everytime and hope one session will do and at the last minute when have to rush off somewhere. The telco sms can't be bothered how good your bank system is and has its own performance at various times, loads, places and networks. I am not interested in academic theories or how it is supposed/designed to work. Just tell me how I can fail and what precautions are needed to succeed to transfer to place the FD. I want to be prepared to be unlucky and ensure own luck instead of being a hapless victim of fate or repeat failures.


This post has been edited by Deal Hunter: Jul 6 2016, 01:20 PM

First time I come across such withdrawal policy. It is extremely unreasonable and downright stupid unless the offer rate is 5% or higher.

Sir,

After vetting through all your lengthy posts, I'm still unable to grasp the fund transfer technique that you were trying to share in this forum. Earlier, you mentioned that by IBG/IBFT maximum daily limit saperately on each multiple linked/tagged accounts respectively, you're able to bypass Maybank2U RM30k daily IBG/IBFT limit per login ID.
Can you explain it in detail ? Just talk about Maybank2u specifically.
Assuming one needs to IBF/IBFT RM60k from MBB to Affin within a day using one M2U login ID. Also assume that the M2U account is free from 10 points problems mentioned in your post#815.
By the way, what Cherroy mentioned was that a foreign bank has a saperate IBG and IBFT daily limit, it's totally different from how you managed to work around the Maybank2U combined 30k IBG/IBFT daily limit.
Thank you.

#

What does not being familiar and account compromised gotta do with daily transaction limit? Totally OT

The compromised account can be seen, but it won't work as expected. This is quite normal for business people and people with debts.

If new or not careful/forget about each account conditions, then all sorts of mistakes happen to make one fail. If you have never been in the shoes of these people, you won't understand.

Can you instruct auto transfer to saving account upon maturity?

Or auto roll over upon maturity, once roll over, can withdraw any day with penalty of daily interest loss which is minimum compared to 1% interest lost

on each multiple linked/tagged accounts respectively from aeiou228

Your use of the word TAGGED is alarming as it is one of the major reasons why may not work as it affects transfers.
I cannot do free consultancy. It is not so simple as being asked to solve/fixed computer, or system or network problems. Your private financial details/situation and mine will probably be greatly different, not to say the different banks have different ways inherited and upgraded from long ago. My accounts are no longer compromised as before - something as one of my past dumbo regrets - why I don't have more money.
If you are 100% sure you are not making any of the mistakes or falling under the disqualifiers, they may still be other unknown bug or feature as all banks are different over time due to upgrades. If there is no loophole, too bad for you. So up to you to work it out, ask your bank (as long as they don't close any loophole after that) and hope.
The world is big. You know what that means?

aeiou228

At the worst, you can get another account (basic SA will do if you do not have one yet), so 2 cards and 2 logins - no link at all. Some banks are unwilling and want customers to link to one card and existing account nowadays. If too sticky, you may open a joint account savings with new card. Of course JSA has its own set of advantages and problems but off topic.
Perhaps like this, you can transfer up to 100k from CIMB per day.

I usually won't do this but use MBB PMA cheque. Each cheque clearing day delay get extra free RM 7.67 for 100k at 2.8%. Happens only if can't show up to place the FD at a bank where I have an arrangement with them to place without my immediate presence. The IBG/IBFT method cannot earn extra free money.

This post has been edited by Deal Hunter: Jul 6 2016, 02:14 PM

Totally OT. Please open a dedicated thread to share whatever that you want to share.

good rate

thanks for sharing

It does not make sense to auto-renew whether with or without interest for FD promotions. The auto-renew is usually at lower board rate and lower than any other FD promotion around. Usually, you lose all the interest from renewal if you withdraw within 3 months from date of auto-renew.
The best option is to opt for interest and principal to be placed at the best SA at that bank on maturity, as cannot guarantee can show up on maturity date. Then can IBG/IBFT out at your convenience.



This post has been edited by Deal Hunter: Jul 6 2016, 03:50 PM

Place FD and take free sweet ? Want like this mer ?

If got HLBank diary, pen, water tumbler will look classy a bit.

Looks like i need to try bank rakyat soon. Havent try it before.

For cases of not enuf funds for minimum 5k or 10k, one is stuck with using eFD or normal FD. Of course, after some auto-renewals for convenience, you need to go on maturity date to change from auto add-on and auto-renew to go into SA on maturity if ready to place 5k or 10k at the end of the next cycle.