I have a CIMB savings account 1 which I have to pay RM8 per year for the use of the ATM card. I understand from a friend that if I wanted to save on RM8 annually, I have to convert my Savings Account 1 to Savings Account 2. And to do so, I would have to wait for at least 6 months since the date of the opening of the account.
So, after a lapse of almost a year, before yet another deduction of RM8 from my account, I went to my CIMB home branch and requested for a conversion from Savings Account 1 to Savings Account 2. However, the customer service girl told me that in order to do so, I would be given a NEW account number because it essentially mean that I am closing my Savings Account 1 and opening a new Savings Account 2.
Now, that made me pause for a second because I have other things linked to my CIMB Savings Account and it would be a hassle to inform everyone involved of the change. But what made me change my mind is that I was told that for this free account, I would only be given 8 free transactions at the ATM and 6 free transactions at the counter FOR THE LIFE OF MY ACCOUNT!
That gave me a shock. Isn't that ridiculous? I thought that these free transactions are given every monthly cycle? I am fine with that since most of my transactions are done online. Anyway, I went away from CIMB branch without getting anything done and it looks like I would have to pay RM8 annually. SIGH!
So, after a lapse of almost a year, before yet another deduction of RM8 from my account, I went to my CIMB home branch and requested for a conversion from Savings Account 1 to Savings Account 2. However, the customer service girl told me that in order to do so, I would be given a NEW account number because it essentially mean that I am closing my Savings Account 1 and opening a new Savings Account 2.
Now, that made me pause for a second because I have other things linked to my CIMB Savings Account and it would be a hassle to inform everyone involved of the change. But what made me change my mind is that I was told that for this free account, I would only be given 8 free transactions at the ATM and 6 free transactions at the counter FOR THE LIFE OF MY ACCOUNT!
That gave me a shock. Isn't that ridiculous? I thought that these free transactions are given every monthly cycle? I am fine with that since most of my transactions are done online. Anyway, I went away from CIMB branch without getting anything done and it looks like I would have to pay RM8 annually. SIGH!
1 comments:
You should read statement released from Bank Negara Malaysia regarding this issue. http://www.bnm.gov.my/index.php?ch=8&pg=14&ac=964
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