They don't because too busy listening to the hypocrites and lies, no time for self enhancement and refused to know the facts

i dont wish we all need to use PIDM, if that happend then sure our country in deep trouble
since SVB saga i guess most ppl is aware, dont save more than 250k in one single account in one single bank
if got many many 250k then save many many bank or dump into many many FD
if i am not wrong each FD is protected up to 250k meaning u can have multple account of FD
again i dont think that will happen to me, my FD still in 5 figure... waiting one day to reach 6 figure
slow slow wait

each bank insitution 250k, islamic separate quota.

What u mean boss??

If I were to have CASA & FD in 1 bank... Total everything is 250k only??

From my understanding it's not....

CASA different, FD different.... Combined 250k don't really make sense 🤔

I think is combined.

Say u have 60k casa and 200k fd in PBB, u only get back 250k if pbb go bust.

https://www.pidm.gov.my/en/how-we-protect-y...dm-protects-you

PIDM protects up to RM250,000 per depositor per member bank. There is separate protection for conventional and Islamic deposits held by individuals, joint owners, sole proprietorships, trustees, partnerships and companies. PIDM deposit coverage protects 96% of depositors in full.

Hmmm....

Time to change banks to spread out the risk....

Or use Islamic banking facilities of existing banks used 😏

Even an old timer like you can get confused with pidm coverage…

Ehh wait...

Individual name is 250k

joint account another 250k

Company also 250k

Hmmm..... Time to exploit the loopholes for maximum protection 😏

anyway, many ppl believe it's just wayang. someone made some calculation, cannot cover everybody. and if any major banks got problems, then the country is in deep trouble.

Doesn’t matter whether FD or not 🤦‍♀️ only up to 250k per account per bank

250k is the limit 🤦‍♀️ and it is based per account per bank

just put each bank 250k max. question is how often bank bankrupt? big bank wont happened

Yes.

Need to spread if like this...

Last time nearly happened is during the financial crisis.... But forced marger save them all....

digital banking higher risk
once it is digital u cannot without from teller / counter service
anyone here visited Alrajihi bank ask if can withdraw more than 50k from the counter or just withdraw 100 from the counter from your Rize account?

transfer out digitally to ur main bank account would be faster

Deleted

This post has been edited by Jwkhor: Aug 23 2023, 02:33 PM

Rize is a fully digital bank 🤦‍♀️ hence no counter service

Everything digitally only

Transfer online fast & easy 👌

if suddenly got bank run like SVB and we have like 1 Million inside, then how many days only can finish transfer if RM50k per day?

20 days 🤦‍♀️ and chances are very low and unlikely Bank run in Malaysia as BNM will force the anchor bank to take over as precedent has been set before during late 90s