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 Opening bank account without debit card charges

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MilesAndMore
post Nov 1 2017, 05:01 PM

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QUOTE(judehow @ Oct 31 2017, 11:24 PM)
Any interest they give ?
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Normally for a BSA it is 0.25%. CIMB Islamic Bank BSA-I comes with 0.90% profit per annum.
SUSjudehow
post Nov 1 2017, 05:05 PM

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QUOTE(MilesAndMore @ Nov 1 2017, 05:01 PM)
Normally for a BSA it is 0.25%. CIMB Islamic Bank BSA-I comes with 0.90% profit per annum.
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What is minimum amount to enjoy interest?
Ramjade
post Nov 1 2017, 05:07 PM

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QUOTE(judehow @ Nov 1 2017, 05:05 PM)
What is minimum amount to enjoy interest?
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All BSA require you to keep min RM20 inside.
SUSjudehow
post Nov 1 2017, 05:09 PM

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QUOTE(Ramjade @ Nov 1 2017, 05:07 PM)
All BSA require you to keep min RM20 inside.
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I am searching for those abit higher interest at least 1% is it possible?
Ramjade
post Nov 1 2017, 05:15 PM

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QUOTE(judehow @ Nov 1 2017, 05:09 PM)
I am searching for those abit higher interest at least 1% is it possible?
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Nope. No BSA will give you that high.

You want high interest, your only options are
1) Phillip money market fund (3.5x%)
2) FSM CMF2 (3.3x%)
3) Ocbc 360
4) Rhb bonus saver
5) M2savers
howszat
post Nov 1 2017, 08:38 PM

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QUOTE(MilesAndMore @ Oct 31 2017, 11:02 PM)
I’ll have to disagree with the above statements.

I am using a non-fee BSA from the much complained CIMB Bank mainly due to their higher annual fee for their debit MasterCard. The card they issue to non-fee BSA account is the exact same debit card they issue to all other accounts that come with RM15.90 annual fee. So there is actually no reason for them to tell you they have run out of stock of the free debit card. Same situation with my RHB Bank and AmBank non-fee BSA too. The same generic debit card is given to me but it doesn’t come with annual fee as my account is the non-fee BSA.
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I was simply stating the response I got when I asked. There is nothing to disagree about.

As I said, how much time and effort you want to spend on something like this, including complaining all the way to BNM is up to you.

Is this banking thing your hobby? Or you have banking credentials? That would be useful for this forum to know.

MilesAndMore
post Nov 2 2017, 12:42 AM

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QUOTE(howszat @ Nov 1 2017, 08:38 PM)
I was simply stating the response I got when I asked. There is nothing to disagree about.

As I said, how much time and effort you want to spend on something like this, including complaining all the way to BNM is up to you.

Is this banking thing your hobby? Or you have banking credentials? That would be useful for this forum to know.
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And some of us here were also merely sharing our actual experience in getting the debit card without paying a single cent and it was pretty much an effortless effort. The disagree part was about the part you made it like one has to spend a lot of time to get this done, to the point one might needs to lodge a complaint to BNM. I went to CIMB Bank and requested for a non-fee BSA-I. They told me it comes with limited ATM withdrawals which I acknowledged and told them it is fine. So they proceeded to open the requested account type for me right away. Didn’t need to complain to BNM.
Nom-el
post Nov 2 2017, 06:18 PM

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QUOTE(MilesAndMore @ Nov 1 2017, 05:01 PM)
Normally for a BSA it is 0.25%. CIMB Islamic Bank BSA-I comes with 0.90% profit per annum.
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The rate for CIMB Islamic Bank BSA-I is 0.7% p.a. now.
howszat
post Nov 2 2017, 07:22 PM

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QUOTE(MilesAndMore @ Nov 2 2017, 12:42 AM)
And some of us here were also merely sharing our actual experience in getting the debit card without paying a single cent and it was pretty much an effortless effort. The disagree part was about the part you made it like one has to spend a lot of time to get this done, to the point one might needs to lodge a complaint to BNM. I went to CIMB Bank and requested for a non-fee BSA-I. They told me it comes with limited ATM withdrawals which I acknowledged and told them it is fine. So they proceeded to open the requested account type for me right away. Didn’t need to complain to BNM.
*

If you re-read, you will find that it's actually someone else who raised the point of complaining to BNM, not me.


Ramjade
post Nov 2 2017, 07:25 PM

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QUOTE(howszat @ Nov 2 2017, 07:22 PM)
If you re-read, you will find that it's actually someone else who raised the point of complaining to BNM, not me.
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It's your right to report the issue to BNM if the banks refuse or make excuses for openning free BSA.

This is just to threaten the bank. If they still refuse, just drop a email to BNM.

This post has been edited by Ramjade: Nov 2 2017, 07:26 PM
MilesAndMore
post Nov 2 2017, 11:48 PM

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QUOTE(Nom-el @ Nov 2 2017, 06:18 PM)
The rate for CIMB Islamic Bank BSA-I is 0.7% p.a. now.
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Noted. Thanks


QUOTE(howszat @ Nov 2 2017, 07:22 PM)
If you re-read, you will find that it's actually someone else who raised the point of complaining to BNM, not me.
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That someone was only giving a suggestion provided the bank staff absolutely refuses to open a non-fee BSA for you. I’m sure he had no problem opening a non-fee BSA in the past.
SUSjudehow
post Nov 3 2017, 02:32 AM

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Free 8 ATM cash withdrawal. is it every month ?


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Ramjade
post Nov 3 2017, 04:44 PM

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QUOTE(judehow @ Nov 3 2017, 02:32 AM)
Free 8 ATM cash withdrawal. is it every month ?
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Yes. 8 free withdrawal a month.

Regarding your earlier question, yes. You can ask maybank to convert the paid account to the free account.
SUSjudehow
post Nov 3 2017, 09:47 PM

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QUOTE(Ramjade @ Nov 3 2017, 04:44 PM)
Yes. 8 free withdrawal a month.

Regarding your earlier question, yes. You can ask maybank to convert the paid account to the free account.
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Noted .
ikanbilis
post Nov 3 2017, 10:31 PM

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QUOTE(Ramjade @ Oct 31 2017, 09:16 PM)
That's ridiculous.  Paid debit cards = free debit card. I have never experienced that. The only thing I experienced is bank officer making a black face when I request for free BSA
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Public bank very happy to open a free BSA for me. No black face.
SUSjudehow
post Nov 3 2017, 10:33 PM

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QUOTE(ikanbilis @ Nov 3 2017, 10:31 PM)
Public bank very happy to open a free BSA for me. No black face.
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True but no interest given
ikanbilis
post Nov 3 2017, 10:40 PM

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QUOTE(judehow @ Nov 3 2017, 10:33 PM)
True but no interest given
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Got interest. I receive it on twice a year, 30 June and 31 Dec.

SUSjudehow
post Nov 3 2017, 11:08 PM

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QUOTE(ikanbilis @ Nov 3 2017, 10:40 PM)
Got interest. I receive it on twice a year, 30 June and 31 Dec.
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I don't have
ikanbilis
post Nov 3 2017, 11:22 PM

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QUOTE(judehow @ Nov 3 2017, 11:08 PM)
I don't have
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Hey Jude, don't make it bad

Take a sad song and make it better... biggrin.gif
howszat
post Nov 4 2017, 02:23 AM

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QUOTE(MilesAndMore @ Nov 2 2017, 11:48 PM)
That someone was only giving a suggestion provided the bank staff absolutely refuses to open a non-fee BSA for you. I’m sure he had no problem opening a non-fee BSA in the past.
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That's not what I was referring to before and you well know it.

I looked for your post to quote what you actually said, but you have since edited out the point where you said I was the one who raised the point about BNM.

Please, if you want to reply, don't edit your original post, thanks. Don't do any more editing or censoring, thank you.

PS: I am doing a screen-shot on this post, so it will survive future editing.

This post has been edited by howszat: Nov 4 2017, 02:26 AM

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