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 My account was closed by bank

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koja6049
post Dec 30 2018, 03:29 PM

On my way
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Junior Member
615 posts

Joined: Feb 2018
QUOTE(ayambijan @ Dec 18 2018, 04:26 PM)
Current account not as popular here, because here our savings account behave like their current account
typically no limit on the number of withdrawals, and the interest is so low I consider it negligible (usually 0.2 to 0.3% pa)
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most of our accounts here are current accounts. They just call it savings but that's a misnomer.

the true savings account are those step up accounts where your money is locked there for a few months.
koja6049
post Dec 30 2018, 03:55 PM

On my way
****
Junior Member
615 posts

Joined: Feb 2018
QUOTE(fuzzy @ Dec 30 2018, 03:54 PM)
Most of our accounts are savings account, because you do not get access to a cheque nor overdraft facilities with it.
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no access to cheque doesn't mean it is a savings account.
koja6049
post Dec 30 2018, 04:42 PM

On my way
****
Junior Member
615 posts

Joined: Feb 2018
QUOTE(diadokmai @ Dec 30 2018, 04:31 PM)
just open maybank check la saving or current. see attachment .
i got both. and i dont open cheque too for my current acc. its optional

user posted image
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exactly. people here are confused because of the terms used in msia. I also got this impression till I went to Singapore for work. There, any account where you can transact like crazy is called current account. The same naming convention for US

 

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