They gave me a Liverpool debit card.. dont they have others? Im not a fan lahhh

2 option
1 is liverpool
Other just a green card
I think Liverpool looks nicer

I see.. just an update...

Need to bank in RM1500 to entitled for free meps withdrawal

Dropped by Taipan Subang branch to enquire about their ever mysterious 2% invest/insure option:
i. Insurance/savings plan
It's a 60 month/5 year plan partnering with Prudential, you get to pick from select Eastspring funds to allocate money into. About 20 of them all together including local equity, global equity, local bond and janky global high yield bond. I stopped the banker there before he got all excited about a savings plan with India and China funds.

ii. UT
RM1000 a month @ 2.5% sales fee. No lock in period can stop/start anytime. Sales fee can be reduced to 1.5% for whole tenure if lumpsum RM5,000 the first month and subsequently RM1,000 monthly.

From the top of my head (I was shown the funds from screen) - funds houses Aberdeen, AmInvest, Eastspring, Principal, Franklin, Templeton, RHB. Notably missing are Areca, Kenanga and United. All in about 190 funds, with some of them wholesale which require qualification of HNWI based on RM3mil AUM or 300k annual income.

Based on my calculation (hope it's right) with RM20,000 average balance in account, you'll be earning back the sales fee 4th month onwards if RM5000 initial lumpsum was done to lower the sales fee to 1.5%.


*Invest interest 2% per month derived from simple calculation 20000*0.02/12

Any PRS funds available? Also, not sure if worth it to park RM12k per year in UT if there is a RM20k cap starting from February 2020.

Dropped by Taipan Subang branch to enquire about their ever mysterious 2% invest/insure option:
i. Insurance/savings plan
It's a 60 month/5 year plan partnering with Prudential, you get to pick from select Eastspring funds to allocate money into. About 20 of them all together including local equity, global equity, local bond and janky global high yield bond. I stopped the banker there before he got all excited about a savings plan with India and China funds.

ii. UT
RM1000 a month @ 2.5% sales fee. No lock in period can stop/start anytime. Sales fee can be reduced to 1.5% for whole tenure if lumpsum RM5,000 the first month and subsequently RM1,000 monthly.

From the top of my head (I was shown the funds from screen) - funds houses Aberdeen, AmInvest, Eastspring, Principal, Franklin, Templeton, RHB. Notably missing are Areca, Kenanga and United. All in about 190 funds, with some of them wholesale which require qualification of HNWI based on RM3mil AUM or 300k annual income.

Based on my calculation (hope it's right) with RM20,000 average balance in account, you'll be earning back the sales fee 4th month onwards if RM5000 initial lumpsum was done to lower the sales fee to 1.5%.


*Invest interest 2% per month derived from simple calculation 20000*0.02/12

Great info.

If you purchase RM1000 UT monthly, the extra 2% is only for money up to 50K. If you purchase RM3000 UT monthly, it goes up to 100K

Is it possible to sign up for this account online? SCB branch is very far from my place (124 km).

I have already 2 credit card from SCB and thus an online account.

you can try but i couldn't find it in my online banking portal.
you can also register your interest online, select your preferred branch and prolly someone will approach you.
i went to mall and sign up with SCB agent booth at Queensbay, Penang

Did they give you a debit card on the spot?

Does reload bigpay via SC credit card count as 1k spending?
Thinking to change from ocbc360 but I try not to hit 1k spending on credit card.