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Banking Privilege$aver by Standard Chartered, up to 4.75%, Seems like so few people talk about it

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koala225
post Feb 17 2020, 10:38 PM

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QUOTE(christie_ang @ Feb 17 2020, 02:52 AM)
Already get clarification from SC Live Chat Agent, Debit card it's a must and no annual fee, can refer to link below, pg10

https://av.sc.com/my/content/docs/my-scbmb-...ges-booklet.pdf
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Refer page 18 only priority banking is foc
GrumpyNooby
post Feb 18 2020, 07:38 AM

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The bank staff at the booth called me last night said that her superior boss had clarified with the HQ in KL and confirmed that debit card is a MUST!
weidasdnbhd
post Feb 18 2020, 09:05 AM

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QUOTE(koala225 @ Feb 17 2020, 10:38 PM)
Refer page 18 only priority banking is foc
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*Annual fee may apply or waived for selected product. For details, please refer to respective product section.*

Page 10
cklimm
post Feb 18 2020, 10:04 AM

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Excuse me, what was the fuss about the debit card? The rate is good enough to offset any annual fee, let alone that it is free.
markedestiny
post Feb 18 2020, 10:26 AM

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TS, it seems like your thread is getting traction, doesn't seems like less people are talking about it.

This is one of the better products coming from from SCB CASA with interest rates that could challenge the FDs yet with flexibility of deposit and withdrawal...

As for the debit card, just get it as you can withdraw from ANY bank ATM with MEPS without the withdrawal fee of RM4 which is waived after you meet the min deposit amt.

But note not to withdraw from ATM (non-bank) located inside 7-11, the withdrawal fee is not waived off according to the bank.
GrumpyNooby
post Feb 18 2020, 10:35 AM

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QUOTE(markedestiny @ Feb 18 2020, 10:26 AM)
TS, it seems like your thread is getting traction, doesn't seems like less people are talking about it.

This is one of the better products coming from from SCB  CASA with interest rates that could challenge the FDs yet with flexibility of deposit and withdrawal...

As for the debit card, just get it as you can withdraw from ANY bank ATM with MEPS without the withdrawal fee of RM4 which is waived after you meet the min deposit amt. 

But note not to withdraw from ATM (non-bank) located inside 7-11, the withdrawal fee is not waived off according to the bank.
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You meant those MEPS ATM machine which are not associated to any bank?

This post has been edited by GrumpyNooby: Feb 18 2020, 10:35 AM
LostAndFound
post Feb 18 2020, 10:51 AM

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QUOTE(markedestiny @ Feb 18 2020, 10:26 AM)
TS, it seems like your thread is getting traction, doesn't seems like less people are talking about it.

This is one of the better products coming from from SCB  CASA with interest rates that could challenge the FDs yet with flexibility of deposit and withdrawal...

As for the debit card, just get it as you can withdraw from ANY bank ATM with MEPS without the withdrawal fee of RM4 which is waived after you meet the min deposit amt. 

But note not to withdraw from ATM (non-bank) located inside 7-11, the withdrawal fee is not waived off according to the bank.
*
Also the CS I dealt with said to avoid CIMB as somehow they refuse to waive that bank.
markedestiny
post Feb 18 2020, 11:07 AM

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QUOTE(GrumpyNooby @ Feb 18 2020, 10:35 AM)
You meant those MEPS ATM machine which are not associated to any bank?
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Yes, that nonbank MEPS ATM located in 7-11s... The bank personnel told me based on her client's feedback.
markedestiny
post Feb 18 2020, 11:11 AM

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QUOTE(LostAndFound @ Feb 18 2020, 10:51 AM)
Also the CS I dealt with said to avoid CIMB as somehow they refuse to waive that bank.
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You will be charge rm4 by SCB for each withdrawal, not CIMB. The rm4 will be waived by scb, so not sure if you got it right... Nothing to do with CIMB as far as I m concerned

Edit typo

This post has been edited by markedestiny: Feb 18 2020, 11:11 AM
LostAndFound
post Feb 18 2020, 11:41 AM

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QUOTE(markedestiny @ Feb 18 2020, 11:11 AM)
You will be charge rm4 by SCB for each withdrawal, not CIMB. The rm4 will be waived by scb, so not sure if you got it right... Nothing to do with CIMB as far as I m concerned

Edit typo
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They said CIMB themselves will charge RM1 which cannot be refunded by SCB.
gold_mine99
post Feb 18 2020, 12:00 PM

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Did anyone know how long will it take for open the PSA?
will they drag u 1 hour to sell you other saving product?
really no time to go branch this month sad.gif
Gabriel03
post Feb 18 2020, 12:09 PM

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QUOTE(gold_mine99 @ Feb 18 2020, 12:00 PM)
Did anyone know how long will it take for open the PSA?
will they drag u 1 hour to sell you other saving product?
really no time to go branch this month sad.gif
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It took me roughly one hour to open the account, get a debit card and reset the pin at the SCB atm.

They didn't try to sell me anything but I already own 2 credit cards with them.
ProxMatoR
post Feb 18 2020, 12:11 PM

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QUOTE(gold_mine99 @ Feb 18 2020, 12:00 PM)
Did anyone know how long will it take for open the PSA?
will they drag u 1 hour to sell you other saving product?
really no time to go branch this month sad.gif
*
if you going to be priority banking customer, you gonna get it quick. lol.gif
Orchid beauty
post Feb 18 2020, 12:19 PM

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The unit trust requirement , how to fulfil? What if unit trust give shitty return. Isn't it drag down the percentage
ProxMatoR
post Feb 18 2020, 12:21 PM

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QUOTE(Orchid beauty @ Feb 18 2020, 12:19 PM)
The unit trust requirement , how to fulfil? What if unit trust give shitty return. Isn't it drag down the percentage
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search: unit trust
digimon09
post Feb 18 2020, 01:08 PM

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QUOTE(LostAndFound @ Feb 18 2020, 11:41 AM)
They said CIMB themselves will charge RM1 which cannot be refunded by SCB.
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Been using it 1year. So far no problem getting refund from CIMB atm machine (RM4).
David_Yang
post Feb 18 2020, 02:17 PM

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QUOTE(Orchid beauty @ Feb 18 2020, 01:19 PM)
The unit trust requirement , how to fulfil? What if unit trust give shitty return. Isn't it drag down the percentage
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YOU select the unit trust (with the minimum 2.5 % sales charge), so YOU need to blame YOURSELF if you selected one with shitty return.

Overall this deal is great, you only need to put 1k a month in unit trust for one year and can enjoy the fat 2% bonus interest on the PrivSaver. So the interest return will definitely be unbeatable, if you feel uncomfortable with the potential that you get negative return from the unit trust investment, stick to the 4.0% for deposit and spend.
Cookie101
post Feb 18 2020, 02:23 PM

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PSA / just one acc - all those withdrawals are free regardless which atm use. So use tried bank linked atms and not having issue.

» Click to show Spoiler - click again to hide... «
zenquix
post Feb 18 2020, 02:27 PM

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QUOTE(Orchid beauty @ Feb 18 2020, 12:19 PM)
The unit trust requirement , how to fulfil? What if unit trust give shitty return. Isn't it drag down the percentage
*
QUOTE(David_Yang @ Feb 18 2020, 02:17 PM)
YOU select the unit trust (with the minimum 2.5 % sales charge), so YOU need to blame YOURSELF if you selected one with shitty return.

Overall this deal is great, you only need to put 1k a month in unit trust for one year and can enjoy the fat 2% bonus interest on the PrivSaver. So the interest return will definitely be unbeatable, if you feel uncomfortable with the potential that you get negative return from the unit trust investment, stick to the 4.0% for deposit and spend.
*
please be aware of the latest T&C - where you need a higher commitment of RM6k per month to get 2% on the first 100k and it is only valid for 12m (if you are a new account holder - never get invest % before). RM1k a month only gets you 2% for the first 20k.

https://av.sc.com/my/content/docs/campaign-tc-psa.pdf

do your own calculation on whether the sales charge is worth the 2% extra interest.

This post has been edited by zenquix: Feb 18 2020, 02:32 PM
nightwalkertzs
post Feb 18 2020, 02:30 PM

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Parked. I am the psa user too. i am not max the 6%, only 4% so far. but it is better than any FD now.
as long as satisfied:
1. credit card rm1k monthly
2. rm3k deposit monthly

Then i get 4% in my account monthly credit^^
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