QUOTE(pcito @ Jul 16 2019, 09:19 AM)
Hi to all sifu, a newbie here. Let say i have my money in maybank and i would like to make a 3 month FD at HLB. What the correct way to do it? Considering i dont have any account other than Maybank. Thx a lot in advance
THINGS TO KNOW AND DO FIRST BEFORE GOING BIG AT HL DIGITAL DAYS FPX p0m3 @ 3.77 % p.a. PROMO
For 3 monhs FD or TD-i at board rate (not promo), you need to go to the branch to place over the counter OTC. There is no selection for placing tenures by eFD in the Hong Leong Bank website.
For the Digital Days eFD promo from 8 July to 21 July p0m3 @ 3.77 % p.a., minimum 10k placement through FPX method.
You need to open a sole individual CASA or CASA-i account (not joint or company) and link to HL internet banking before can do any FPX type eFD. Best to do both immediately at the HL bank at the same time and confirm working with help from staff if needed
To place, you need to log into the HongLeong bank website and select to place new FD. Click on the Yes for payment from other banks to select your bank (Maybank). Not the No (ie internal funds in HL account is not recognisable as fresh funds) which is a dead end as you cannot do anything even if you had mistakenly just transferred in money.
You need to pick the CASA account to credit in the interest at the end of 3 months.The bank program is smart enough to identify sole individual CASA account for you to choose and will not show non-qualified joint accounts etc. In your case, it will only show one choice to pick.
You can put it anything between a minimum of 10k to a maximum of 200k for one placement.
You also have to select a bank (Maybank for you) where the fresh fund comes from. After accepting the 3 reminders and then proceed to open another screen for FPX login at your source bank. However, you may have 3 problems after putting in the number to be tranferred by FPX after filling in the details. The FPX limit per transaction in your source bank is lower than the desired principal. The total amount limit for a day for your FPX is set lower. The source bank's maximum permitted total amount for FPX a day is below the particular principal or sum of multiple principal placements/transfers done for the day. Or if you are doing multiple FPX, you may exceeded the number of FPX transactions set. To avoid this interruption, you should had checked and reset your FPX transaction, total and number of transactions per day limits at your source bank either through their website or adjusted OTC for some less friendly banks. I am not naming these banks but just let you know that it is like that to spoil things.
For those going big, you may also need to check and plan beforehand whether the total multiple principal placements can actually be achieved (maximum number of FPX per day x maximum FPX amount per transaction). Some people bungle and find this unachievable because already used up maximum number of FPX per day by carelessly putting less in some FPX transaction as they thought can because source bank maximum total for FPX per day appeared adequate to cover!
As an indivdual you can place multiple eFD and FPX transaction up to a maximum of 2M. Again this is subject to how much you are allowed by your source banks. If in a rush, you can use different bank sources to overcome total FPX limits of source banks - but this is applicable to preparing for usually one day promos. You can place between 6 am to 11.59 pm each day.
After placing, you will be notified through you email (another pre-requirement). You may have a worrying delay in notification of up to 2 working days (clause 13 of TnC) and delay in Effective Date. There can also be a delay in showing your eFD in the website depending on circumstances.
The above covers nearly all the complaints about how the FPX method for eFD did not work and what preparations are required.
For those not going for 3 months HL eFD promo, can try the Bank Rakyat promo 15 July to 15 October 2019 at p01m7 at 3.98 % p.a or p01m11 at 4.28 % p.a. 10k FF OTC.
This post has been edited by Deal Hunter: Jul 17 2019, 12:16 PM