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.

This post has been edited by Gabriel03: Feb 2 2020, 11:26 PM

Did they give you a debit card on the spot?

In the meantime, can you access your account? Start depositing?

You mean that you applied at SCB branch and they gave you the debit card on the spot? Therefore, you can start using the full potential of the account right away.

When did you signed up at the booth?

This post has been edited by Gabriel03: Feb 3 2020, 10:59 PM

Yup, the Islamic version of the Privilege Saver is Super Salary-i.

For a bank that has very few branches in Msia, they don't want to mix Islamic and conventional banking in the same branch unlike the other local banks like Maybank, CIMB, etc.

Last Friday, I went to KL Main Branch to open the account and they almost denied me because the address on my IC is not in KL. They wanted to me to go to the nearest branch located in the same state as my IC address.

The only reason that I managed to open an account is due to the fact that I have already a credit card (+ on9 banking) with them.

Applying credit card with this bank is a lot easier than opening a saving account. No wander some people tend to spend more than save.

This post has been edited by Gabriel03: Feb 10 2020, 11:42 AM

Deposit 3k and spend 1k to earn 4%.

DuitNow

Bussiness Account can also register for DuitNow and they will have a unique reference code that you can use.

Have to ask the company if they have one. In the end, probably use the traditional way since there is a hassle for both methods.

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.

Used rounddown on the MAB and normally you will get the exact value.

Here is how I did my calculations.

Daily Balance Max = 100k
If above 100k, then the Daily balance is 100k



Simplified Formula



Based on the two months data (half in Feb and full in March), the calculated value is slightly less than the actual interest given. I don’t know why but I am not complaining.

This post has been edited by Gabriel03: Apr 2 2020, 08:56 AM

For me, yes as the calculation for base and deposit tally while spend gives slightly more than calculated.

All counting starts from the early of the month regardless of your date of registration. This means, even if you put a lot of money now, your MAB will low and therefore low dividend.

Nvm, the month of June is just around the corner.

Edit: if you mean the counting of RM 1k for spending with CC, I'm not sure if they ignore all transactions within the month prior to the registration of the account.

This post has been edited by Gabriel03: May 23 2020, 12:52 PM

Stashaway Simple is a feeder fund for Eastspring Investment Islamic Fund.

The latter invests in Islamic money market and fixed deposit which are vulnerable to the OPR rate. So, with the recent OPR drop, the ROI is likely to be less than 2.4% pa.

Honestly, if you want to invest in money market fund, there are other funds which are better in terms of ROI and time taken to buy and sell fund.

In order not to deviate too much from the thread's main focus, please refer to the thread that talks about money market
https://forum.lowyat.net/topic/4962773

Weird, I have aonly received the dividend from base rate only.

However, I hv respected the min 3k in one transfer into the account. Anyway, I hv sent a secure mail to SCB about it.

I have activated "no presence" at SCB website and it was approved.
However, I'm unable to reload RazerPay and ShopeePay.
Have used the card to withdraw but never did a transaction before this.

I don't remember but I put a value for everything when I made the request on SCB Website

This post has been edited by Gabriel03: Feb 3 2021, 09:42 PM

Same situation. Asked CS, they say that the error is due to "Wrong CVV". But i have inserted the correct CVV when i registered the card and when reload to ShopeePay, there is no place to key in CVV.

Besides ShopeePay, i have tried TnG ewallet. It worked.

Same. TnG ewallet is 2nd lowest (min RM 10)