To see the trail of money. To make sure you aren’t withdrawing the money and give it to some other people.. But if you do, you should have a proper explanation why you did what you did. Banks are very strict in complying AMLA nowadays.


HSBC has been questioning its customers for multi transfers involving less than a thousand RM. So the move by BigPay is considered peanut.

And to those who claimed BigPay top-up is no longer counted as online transaction for OCBC Titanium MC. Please check your OCBC online transaction history again. It is just OCBC is late in making the adjustment this month.

This post has been edited by MilesAndMore: Jul 18 2018, 01:18 PM

using BP to withdraw at oversea for greater saving

Not most of the case.
For my withdraw case in edinburgh i got charged additional 9.5% from base rate.
And fyi i don;t have any option to select local currency or home currency, all i did was input the value in pound sterling and i was charged additional 9.5% not including RM10 withdrawal fees from BP.

Not all currency though. My recent experience with TWD is not so.

for today, 18Jul18:

XE.COM

100 TWD =13.2287MYR


https://www.exchangerate.my/

100 TWD =13.0400MYR

it is not logical that you withdraw the money and give to other people, you still need to pay the credit card that you top up Bigpay from

JOP is tiered based.

Spend 2.5K for RM85 cashback yields 3.4%

spend 2,080 also yields cashback RM85 right?

1st tier - RM999 (0.2%) = 1.998
2nd tier - RM500 (5%) = 25.00
3rd tier - RM581 (10%) = 58.10

Total = 85.098 (round down to RM85.00) = 4.08% ?

Did I get it right?

That charge is from the ATM or local bank, not BigPay. When you land in airport just after immigration there's an ATM which advertises zero fee withdrawal, need to look for those.

Follow up regarding auto-payment by Allianz previous case.

Today check the deductions been done from my Bigpay card.
Hopefully next month don't play again this trick..

That is the one i withdraw from.
The charges is from the bank itself after confirming with BP.

got cashback cap, if u spend less than 2500, ur cap is 28 only, not 85.

just tried to swipe my bigpay in india. but declined.

wondering why..

Doesn’t matter. The banks are carrying out checks according to AMLA..

Agreed. Banks must comply to regulatory authority or risk consequence management. No 2 way about it.

Which bank's ATM did you use? Or was it a non-bank's ATM?

For everyone's knowledge, there are also non-Bank ATM in Malaysia. In this case, I encountered those machines at holiday resorts.

The campaign going to end next month 31 Aug.

Didn't realised there is a expiry for 5x treatpoints
So after 31 Aug HSBC VS is essentially useless?

Not sure if it's an official bank but the name on the slip stated 'Raphael's Bank'

Interesting, check out their FAQ

https://www.raphaelsbank.com/atms/faqs/

Looks like they are an ATM service provider and also specialise in dispensing foreign currency. They may have applied their dynamic conversion automatically?

yess...sad case happened to my gf...spent RM2478 ... short of RM22 to get full RM85 CB.... only got RM28 ..