I do not know whether it was a technical glitch. A few banks have fpx limt as high as 200,000 per day. I encountered this 'glitch' 6 months ago. When I attempted to transfer 100k to another bank for efd placement, I was unable to do, in spite of the fact the very bank which I attempted this transfer has fpx limit up to 200,000. It says the amount exceeded your daily limit.

Every bank's daily limit is 50K. If you are unable to transfer 100k by fpx despite having marked your fpx limit to 200,000, what then is the use of the fpx limit of 200k ?

Well, i suspected that it is an attempt by banks to prevent funds from leaving for banks with better rates.

Jangan tanya boss soalan susah boss.

Boss kasi satu figure maxima sukahati pandai pandai ke programming team.

Save waterface paham. No need to ask details or factors or check it out. Culture tahi tidak apa and tak peduli dan salahguna kuasa bossku buat apasuka walau salah dan tak boleh jalan/pakai.

This is what i am trying to do every day for a week now. I just want to premature withdraw the new eFD. I dont want any interest for the new eFD.

Problem is the system doesn’t allow me and HLB customer service not able to solve despite the case being elevated to their technical team.

He wrote long winded story how to squeeze the max from bank, FD timing, anticipate due date if PH make sure interest calculated all those hiw to get max out from bank FD

Not property la, FD sifu telling tips how to get most from bank
Some go into small details to max out a little more ..

So yours is a case of eFD due， u missed it by a week, it has auto renewed now become non eFD anymore, just go do withdrawal at bank i dont believe bank can prevent you from withdrawal.... not a case bank cheating la, scared us at first glance....

Nope i did not miss it by a week. My eFD mature on 7/7/2022 and i tried to withdraw on the same day. Not able to. I called customer service. They said i could withdraw on 8/7. Tried again 8/7, still cannot. Called them again. They say case elevated to their technical dept. since then the technical dept still cannot solve their system problem.

I did not say the bank tries to cheat, but just want to highlight that HLB bank system does have a problem regarding the eFD withdrawal.

Regarding withdrawal at bank, their customer service said since it is an eFD, i cannot withdraw at bank. Else i would have gone to their branch for withdrawal.

This post has been edited by ikanbilis: Jul 15 2022, 03:09 PM

It means the efd still appear in your system just you can't withdraw?

Have you activated the new app authorise feature?

I was replying to Nexona comment that FD depositors still placed at board rates, after I posted no promo by Maybank. As if other FD promo depositors don't have their weak sensitive spots and are perfect and have good strategies and practices. I am not against the ideas of squeezing a few hundreds or thousands more, or even if a few sens or ringgit. After all, it can all add up if used well. But the point is that, it can be a lot more or lose a lot more due to not well thought out plans for cashflow and opportunity problems because most depositors do not treat nor understand FD as time scenario cashflow/deposit strategies.

This post has been edited by oldkiasu: Jul 15 2022, 03:45 PM

Huh ? OTC Upliftment is not possible for eFD？ Learned something new！

So far I only know that Online Upliftment is not allowed for OTC Placement.

Q1 yes correct

Q2 yes activated

Do you have the Withdraw button on the back of the eFD?

Have you tried to use PC to withdraw?

Q1 yes have withdrawal button

Q2 yes tried PC web, ios app and android app. All same error msg i do not have eFD with the bank when i try to withdraw

I only take pupils who are open minded, questioning, qualified and willing to discuss rationally about the real meaning of each sentence/passage, not those who seize on one sentence and fit in their own pet idea with total disregard to the overall context, nor those with fixed ideas and unwilling to accept it is about something else not related to their past perception/experience/reading/study.

I have no wish to take on thankless job like Team of Eminent Persons - macam kasi bunga kepada kera.

Lots of people already very rich and comfortably satisfied, not interested in cracking their head even if much better.

But you can try to become self aware and questioning. Just write down statements about FD operations and strategies that you believe describes what you believe. Then ask yourself heretical questions if they are true, a bit off, a lot off or rubbish if certain things are not like that.

This post has been edited by oldkiasu: Jul 15 2022, 04:29 PM

Thanks for replying my question. What I understand about FD investment is like what most people are doing . Place a certain amount of money for a certain period of time. Meanwhile, if hard working will go round asking and checking what other banks are giving or promoting. If higher rate than current bank, switch over. I am willing to listen and learn. Thanks once again.

Thia afternoon's fd comments memang confusing and tiring

quote
So far I only know that Online Upliftment is not allowed for OTC Placement.
unquote

RHB allows online upliftment for OTC placement. I have tried it myself n they allow it. But not all banks, I suppose.

Usually as a general guideline when do FD placement, we need base reference so that we can figure out whether the benefit of shifting is a lot of money or a little bit of squeezing only and worth the effort.

To do this, click on this link to Maybank FD Board Rates.
https://www.maybank2u.com.my/maybank2u/mala...ount_rates.page

Usually Maybank, is treated as the reference (normal lowest or almost) FD board rate.

You can see that 6 months tenor is at 2.30 % p.a. , 12 months is at 2.35 % p.a., and 60 months is at 2.60 % p.a. in the table.

Usually people will just simply look at the last few pages of postings in this forum. What are the FD promo offers for these tenors? Suppose you have 10,000, or 100,000 to place, what is the increase for each rate? But does one actually need to know what is the offered promo rate? Please explain what actually is the lesson or shortcut you can practice from this about ball park figures to qualify for the next discussion.

This post has been edited by oldkiasu: Jul 15 2022, 08:43 PM

Hush! This is how we bank shareholders make dividend

Stablecoins seems much easier, straightforward & grow much faster but ya, i know is OT too.

This post has been edited by gchowyh: Jul 15 2022, 08:07 PM

AmOnline: 12 months eTerm Deposit-i (eTD-i) Promotion [ Ambank | T&Cs ]

You work for a bank, is bank shareholder, or related to bank founder?

Rewarding FD or savings depositors with higher rates to gain more loyal and increasing depositors can be good and more profitable for a properly managed bank. Same like any other fund or financial schemes.

Bank shareholders should realise that correcting technical, management errors/oversights and exploitative products and unfair T&C are actually good for the long term benefit of the bank.

Depositors should be given a reasonable profit rate and not exploited and depend on government handouts or EPF withdrawals.

People should learn to take better care to get more out of their banking savings and FD so that they can earn more for a better life instead of losing the opportunities by wasting the time due to their sheer ignorance and lack of mathematical skills.

If Einstein thinks Compound Interest is a wonder, then are we so genius to argue that any improvement to it is not worth it?