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

For credit cards, they are OCBC Premier Banking Vovage World Elite mastercard and UOB Privillege Banking Visa Infinite

Tq
I know
Another credit card is amex platinum
Is there debit metal card coz i cant find any

From my understanding, as of now there is no bank in Malaysia to offer metal debit card.

Tq
I forgot citi prestige is another metal credit card

It is not.