Hi bro,

thanks for your suggestion. Will take a look at alliance bank saveplus acc, 3.25% looks attractive. Also, thanks for your advice in my another post, I do not need premier banking services, I would prefer accounts with higher interest. Earlier, I thought premier banking shall offer higher interest compared to normal accounts, I was wrong.

oh, yaho, same person. haha sorry.
initially i thought premier banking get higher too as well then after research seems like it's not. then i came across this saveplus, less hassle.
but of course ocbc got the highest by doing nothing but >10m

i think ppl with more than 10m in term of flexible cash in account exclude their investment/properties would have their higher perspective or already declared financial freedom.

I've always thought Alliance Bank gives the highest interest for CASA at 3.5% @ 200-300k above (now 3.25%), but i didnt know OCBC gave 3.8% (3.4% now) @ 10Mil?

But of course these are somehow basic simple interest calculation of each day ending of the month, rather than compounded like how FD's are calculated right?

Do you guys encounter request to go bank branch to fill up declaration form for receiving wire transfer into your bank account?

I was told by the bank staff that this is the new rules for bnm

Yes. For personal account transfer to another if amount exceeded 25k.

Unless it’s from your own bank A to bank B then no problem.

Mine just hkd3000, public bank also need to me to sign declaration form

Hi all,

If one wants to transfer his funds - from Maybank Premier to Alliance SavePlus - under own account/same name, to enjoy higher interest rate. Say RM1 million. Shall one just transfer the Rm1 million in a lump sump from Maybank Premier to Alliance SavePlus?

Or would it be better to transfer in different tranches, say Rm300K, next day Rm200k etc.

There's legal proof for the source of income, but would like to avoid any major reporting to BNM etc. when there's a big transaction. Just to avoid the any troubles and questions.

Any advice? Thanks a lot!

as long as it hit 30k and above (iirc), they will need to report to BNM. you are transferring to your own account, you can just say for FD purpose.

Please take note that the cash threshold transaction limit has been reduced to RM25,000 wef 1/1/2019.


As quoted from http://amlcft.bnm.gov.my/AMLCFT05b.html

“On the 30th October 2018 at the 10th International Conference On Financial Crime and Terrorism Financing, Governor's during her keynote address, had announced that the 'Cash Threshold Reporting' ('CTR') requirement will be reduced from RM50,000 and above in a day to RM25,000 and above in a day effective 1st January 2019.”



Also, BNM plans to introduce cash trx to be capped at RM25k, should the trx amount goes beyond this amount, it has to be done so via electronically/ cheque thru a financial institution.


https://www.lexology.com/library/detail.asp...f7-863d33a72ce3

Good evening
It is 2020
Which bank provide the most exclusive service for priority customer and most exclusive credit card
Tq

Exclusivity depends on a.u.m; the more a.u.m you have, the more exclusive it is. how much you have then can advise?

This post has been edited by icemanfx: Mar 9 2020, 12:07 PM

You need to understand that there is not just non-priority and priority.

At "priority" there are many different levels, the entry level for "exclusive service" is usually with AUM over 1 mil.

Tq
Pidm got protek 250k
Should i put all in 1 bank or seperete bank

Tq
Pidm got protek 250k
Should i put all in 1 bank or seperete bank

Some priority/premier/privilege banking minimum aum is >250k.

Yes if i has 500k
Should i put all in 1 bank or spread in 2 bank

If you don't have confidence with local banks then split into multiple banks.

This post has been edited by icemanfx: Mar 12 2020, 11:32 PM

For now new customers CITI is giving 4% 3-mth max 500k or 1000k, can’t recall.

Sign of liquidity squeeze.

This post has been edited by icemanfx: Mar 13 2020, 08:01 AM

Which bank give metal debit card?
Tq