Banking on banks to give us a ‘bang’…
Banks can really give us heart attack at times. Last week I went to the bank to collect my cheque book only to be told that they have destroyed it due to my failure to collect it within the first 6 months after setting up my account. There goes the RM15 duty fee… but nevermind as I know that it is MY fault. Who ask to delay so long right?
Out of no where, he got a letter notifying him regarding ‘Upliftment of Fixed Deposit Account’! You know what that means right? I dunno! So I read the BM part – Pengeluaran Akaun Simpanan Tetap. It means to notify you that someone withdrew your fixed deposit. Darling almost fainted when he got that letter! Who withdrew his money? WHO? *Don’t look at me, I have NO AUTHORITY whatsoever over his money!*
It was not a good day and receiving that letter made it worse. He called the bank to clarify and this is the reason…
If your FD has been left idle for more than 7 years, the bank will automatically withdraw it and open a new FD account for the said amount. The reason?
Bank Negara’s regulation is such that if you don’t touch your FD account for more than 7 years, the banks will have to surrender it to Bank Negara and there goes your money!
So basically the bank is actually doing Darling a favour by ‘renewing’ his FD! Got such thing? NOW we know.. @_@ Apparently we are encouraged to update the FD from time to time… O…I…C!
So what say you? Cheque and FD have given us the heart attack. What about online credit card applications ? Have you ever done that? Who can live without credit cards these days? ME! :D
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I am a mother to two boys; Ethan and Ayden and a wife to Darling William. I'm a stay at home mum who blogs to break the monotony of life and to avoid feeling jaded. Would love to get to know all the Super Mommies and Daddies and Babies or Singles out there with the hope that we can learn more from each other. Most of all, I am a happy person, and I hope YOU are too.
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