QUOTE(TOS @ Oct 2 2024, 02:02 PM)
Let's not sympathize the companies too much. Haha
They offer this service, they should know what will come. They should have thought of the consequences. Just like digital banks offering daily interest and saving pockets yielding 7-10% p.a.
The traditional banks know the tricks, so they offer pathetic saving account rates with monthly interests. Did they block transactions or gate withdrawals? No, they simply change the figures (rates) and the rules (interest crediting frequency). Everything goes on as usual.
This is a market. Demand vs supply. Systems are gamed everywhere they are launched, even in the US:
https://www.wsj.com/finance/banking/wells-f...share_permalinkEither you fix the rules or you quit the game...
I choose to quit lah haha
for traditional bank savings acc, they will block too if there are too many trx for savings acc.
but unlike ewallet blocking transaction itself, they will straight issue a letter to close acc.
seen some cases before of ppl using savings acc for business, receiving money from cust.
leading too frequent trx.
https://forum.lowyat.net/topic/5325236/allin short, use traditional bank current acc, where there will be very less limitations on trx.
This post has been edited by sjz: Oct 2 2024, 02:34 PM