Wah, so fast. Ada cable kuat?

Received my funds yesterday. Bank into my local bank. Took 13 weeks.

Interest + exchange amount is what I expected.

17th Aug

https://forum.lowyat.net/index.php?showtopi...ost&p=107935587

Can't enjoy that fast.

My fund is frozen by the bank.

This morning bank call need supporting document to unfreeze the fund. It is over the transfer amount limit into the country.

But I think EPF still hasn't sent the statement to me. Usually by snail mail.

Damn. Got to go to bank.

Maybank

All the bank have limit amount can be transfer in without question ask. It's Bank Negara rule.

Regardless legit or anything.

So prepare the supporting doc when over the limit.

So I ask the officer what is the limit transfer in.

For over 10k, need support doc. For over 200k, need support doc and declare form. You need to fill up the declare form and sign.

I pass the CPF letter that send to me. (Above). And statement print from CPF when I in sg close the acc.

Now the fund is release.

Bloody mafan.

You have only 5 days to respond to the freeze fund.

If you fail to respond, the fund will be sent back.

What is the rate?

That's low for me.

Buy the Maybank share and get div of 6.x% better.

Or dump to kwsp for 5.5% or more.

Or US....

I consider what is more important.

Save in USD in local?

Better open a US financial service acc. Makesure not realated to here or anything. TT over.

I don't know exact the date CPF transfer the money out. But roughly calculation around over 2k lost.

Waiting for the CPF statement. Will know the actual amount payout and conversion.

Why you want to rush? Enjoy the interest.

Dividend will stop after mar/apr.

Still plenty of time.

This yrs mar/april, will stop the interest payout.

Left the forest gain.

So better take back and find a better place to invest.

What bank interest?

According to the cpf letter,

After 31 Mar 2024, Any remaining savings will stop earning the prevailing cpf interest rate.

The letter I get didn't mention about bank interest.

You can try other branch also . Not neccessary the Maxwell

No tax. It just an individual money transfer. You can give any reason since the sg bank acc name is same.

You can prepare the cpf statement if transfer amount is big and get hold by the bank.