Hi,

In the list of fees and charges of CIMB Prime Account, there is an item stating as below:

Interbranch Current Account Cash Withdrawal (for individual account only) RM5 per transaction

Do you have idea what it means?

Let say you opened the CIMB Prime Account at CIMB Bank KLCC branch, it means the CIMB Bank KLCC branch is your account holding branch. When you make an over-the-counter withdrawal at another CIMB Bank branch, say CIMB Bank Starhill branch. You will be charged RM5 per withdrawal.

By the way, CIMB Bank also charge RM10 for the closure of all types of current account after 3 months from its opening date. Many other banks allow you to close your current account free of charge provided you only close it 3 months later.

I see... So there is no such priority queuing in fact. The priority is paid anyway.

This I really never realized! Thanks for pointing out! It seems only closure of CIMB Basic accounts are exempted from the fee.

By the way, the Preferred Current Account and Regular Current Account seem to have this unwaivable half yearly service charge. This really makes their current account much less attractive compared to other major banks with huge current account base such as Maybank and Public Bank.

I'm not worried about that half yearly service charge (aka maintenance fee?) because DA's Premier Plus Acc and Prime Plan can waive it.

Now I regret as deeply as ocean for joining the Prime Plan
Wait until I claimed its RM50 cash bonus and three months later definitely I will close it!

I just noticed that Prime Current Acc and DA Current Acc don't have such HALF YEARLY SERVICE CHARGE. Only Regular current account got.

I don't hate DA Current Acc for charging account closure fee, given that this account has neither minimum maintenance amount nor ATM annual fee, somemore it is interest-bearing for balance above 1k. But the Prime Account, I am really godd*** pissed off.

This post has been edited by chemistry: Oct 1 2010, 10:54 PM

Half yearly service fee is one thing. Maintenance fee is another thing.


Preferred Current Account has no maintenance fee but it has this half yearly service fee which seems unwaivable. You also have to pay RM10 just to close the account after 3 months of using it.

Yes I understand that.
Will use the cash bonus RM50 to offset the fee then
RM50 - RM8 (atm fee) - RM20 (closure fee within 3 months) = RM22. I still earn RM22 in the end

This post has been edited by chemistry: Oct 1 2010, 11:18 PM

No harm waiting pass 3 months right ? Then you have to pay RM10 less.

Yeah. No matter within 3 months or after 3 months, closing the account is for sure.
Within the period if anything goes wrong, the decision will be expedited. LOL.

if let say 150k to get cimb priority banking.

150k must pun in any of their product.

But so far, I know 2 of their products:-
1. FD
2. Mutual fund

Do they other anything that is more better? Eg. EFT?

Pardon my ignorance but what is EFT ?

ETF --- Exchange traded fund. So it is a listed fund where by you buy and sell directly through stock market. So to buy ETF, you go through brokers, not banker.

Banks still got plenty of structured product around, foreign FD account etc.

This post has been edited by cherroy: Oct 18 2010, 01:00 AM

HSBC Premier Banking requires RM200,000 to maintain the status.
The amount may place in F.D. or Investment..

i dont thing FD and investment product is good.
eg:-

FD low interest rate, eg 3% pa

investment:-
FCFD, high exchange rate
mutual fund, high service charge 5%.

anyone join this? or actually having a good product?

One of the best selling point of HSBC Premier is the complimentary account opening in overseas HSBC.

Does CIMB Preferred have this service?

This is what I got from its website:

CIMB has only a handful of branches overseas compare to HSBC or even Citibank. I personally prefer Citigold RM over HSBC RM, they are more attentive. I am talking about their Taipan branch, not sure about others.

I heard that Affin bank FD giving 3.3% p.a .. Anyone know what's the term and condition to apply the account? What's the minimum I should put in?

No special T&C. The rate you saw is applicable only to the first RM1 Million. You have to check with Affin Bank for the rate above Rm1 Million.