I think he is talking about opening the account and depositing in 'Bank of China' in Malaysia branch in Ampang. I saw one in Klang to if not mistaken.
I am not quite sure but is it possible?

Hi sifus, request help and experience.. not sure how to advise my relative

today i heard from my relative that she went to collect an fd she put in at say 4.5% rate for 12 months.. however, the bank teller couldn't find the certificate number.. then finally found that the cert number changed because the bank officer withdrew the original fd a few days later and put it into a new fd account (at say 4%) due to wrong bank rate at the time.. the officer even said they called my relative at the time but no one picked up..

Is it legal for a bank officer to withdraw money on behalf of a customer without the customer present, and change the fd rate to the supposedly "correct rate" at the time?

What actions can be taken to complain?

Also, would like to warn all FD OTC users to not think the money you deposit FD is safe.

Bank officers have the power to withdraw your money without you present. Maybe digital banking is the way forward

In my experience, CIMB is very customer-friendly when it comes to FD withdrawals without the deposit slip. All you need is your IC and fingerprint - they can easily check which FD account is linked to your IC number. Also, your FD account can be seen online via CIMB Clicks portal. I've been placing FD with CIMB intermittently for the past 7 years, and never have I been denied withdrawal when I don't present the slip.

In contrast, Public Bank officers at the branch near my home is a pain in the ass to deal with. They insist on seeing the deposit slip, even though I've had an account with them for about 9 years and I have my IC. It makes little sense, really - what if the slip gets taken away by someone else? Would they be able to withdraw my FD even though they are a different person? It that sense, the deposit slip is a pain in the ass to keep an eye on, and no more secure than plain cash anyway.

Hey Guys, for OCBC 3.25% eFD, does anyone try FPX transfer? I cant do it via giro transfer. It's show error. Anyone have the same problem as well? Thanks

hong leong bank should be not allow to uplift or withdrawn FD from other branch.

U said yes becos MCO now and confirm?

Maybank 3.05% for 6months.

Should there be any Overnight Policy Rate (OPR) change, the offer rates may be revised.

I thought usually FD rate is fixed but Maybank will revise if OPR change!

But 3.9% pa for a 2-year plan is rather high at current interest rate environment.
UOB offered only me a 3-year plan with 3%% pa and I believe the plan is underwritten by Prudential (their insurance and wealth management partner),

if OPR go up and they still decide to pay you 3.9% then not worth lo

Usually these plan that comes with insurance benefits will deduct the premium "as payment for insurance portion" right?

But how come this OCBC one shows payout 100% of premium paid?

That sounds really good since got extra insurance benefits.

I know is kind of out of topic here but the details of the bond is almost like FD, ie.
1. Is only for 1 year
2. Payout is 5% a year, paid quarterly.
3. Minimum placement is only RM 10k

OCBC RM whatsapp this FRNID info.

5 years tenure
3.6%, interest pays quarterly.
But this offer is only available from 1 June to 4 June of 2021 only.

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Anybody knows about this promo?
What is FRNID?