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Citibank Maxigain Savings Account

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Old 29-11-2019, 10:28 PM   #6511
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As we approach Dec, really must say respect this Maxigain account - we discussed for a month already still don't know the best way to escape from it.

Personally never see another bank saving account so complex...
😁😄😀

.......
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Old 29-11-2019, 11:55 PM   #6512
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Plz this is referring to maxigain thread not ocbc
Different bank may have their own tnc

Not really, recently asked OCBC regarding the closure of account and they mentioned can just leave $0 (no fees will be charged) and the account will be closed automatically after 6 months.
Plz google search
2019 CTP Welcome Programme Terms and Conditions - Citibank Singapore
Last page


Will accumulate negative value? Any basis? My mum have $0 on another citibank account and no fees
Note: For an overdraft accounts you might be blacklisted of the bank
Might not be able to sign up future services of the bank

Last edited by leemeng; 30-11-2019 at 12:06 AM..
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Old 30-11-2019, 12:21 AM   #6513
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Try HSBC (for even more complexity).
HSBC is for Highly Sophisticated Banking Clients.
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Old 30-11-2019, 12:31 AM   #6514
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As we approach Dec, really must say respect this Maxigain account - we discussed for a month already still don't know the best way to escape from it.

Personally never see another bank saving account so complex...
I bet that all the customer touchpoints for maxigain are not singing the same tune as we try to craft a Houdini escape.

Personally I don't care too much about the optimal exit strategy as I had benefited from maxigain over the past 2+ years.
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Old 30-11-2019, 01:08 AM   #6515
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Plz this is referring to maxigain thread not ocbc
Different bank may have their own tnc



Plz google search
2019 CTP Welcome Programme Terms and Conditions - Citibank Singapore
Last page




Note: For an overdraft accounts you might be blacklisted of the bank
Might not be able to sign up future services of the bank
I was quoting your common sense in saying $0 sure go negative

Oh, btw, last page says nothing about $0 go negative lei, why you cheat my feelings.

Negative
Common sense what for keeping a 0 amt -.-
You will accumulate negative value of monthly fees
Common sense doesn't need to be just Citibank right ?

Last edited by DenOOO; 30-11-2019 at 01:19 AM..
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Old 30-11-2019, 05:45 AM   #6516
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As we approach Dec, really must say respect this Maxigain account - we discussed for a month already still don't know the best way to escape from it.

Personally never see another bank saving account so complex...
Same too until I no choice to hold on to it.

Citibank really have a messy term n condition, even the hotline and manager unable to synchronise about it. Some say any deductions will impact the counter while can withdraw but not other sum, the interest only.

Now the closing the account already so confusing even paste term n condition also not much help.

Dun take it the wrong way that I insult the forumer , I just feel the Citibank very misleading in their operations.
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Old 30-11-2019, 08:02 AM   #6517
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Anyone rec'd the interest and bonus update ?
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Old 30-11-2019, 12:45 PM   #6518
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Anyone rec'd the interest and bonus update ?
Is it because it's a Sat?

Last edited by lingwilly; 30-11-2019 at 01:42 PM..
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Old 30-11-2019, 01:32 PM   #6519
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So now the optimal strategy becomes, withdraw everything except $15 on Dec 2, and then close after the bonus interest is paid?
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Old 30-11-2019, 01:45 PM   #6520
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Is it because it's a Sat?
Actually I checked, other interest were also paid on a Saturday. Hmm. Does anyone knows what time it's usually paid?
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Old 30-11-2019, 01:45 PM   #6521
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So now the optimal strategy becomes, withdraw everything except $15 on Dec 2, and then close after the bonus interest is paid?
15 or 15000 ?
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Old 30-11-2019, 04:05 PM   #6522
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that's according to the Live Chat agent ... it's a current account and account can go negative and over-drafted



I presume overdraft will attract interest ... did not ask.

again, dont know how true ... but I will just leave $15.00 on 31 Dec

hope those meeting RMs next week can update ... TIA
so you will not take everything early dec ?
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Old 30-11-2019, 04:08 PM   #6523
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so you will not take everything early dec ?
probably will leave $1, then top up to $15 on 31 Dec
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Old 30-11-2019, 04:16 PM   #6524
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If one FAST transfers $X on 1 Dec 2019 to Maybank iSAVvy account (i.e. withdraws $X from Citibank MaxiGain account and deposits the $X into Maybank iSAVvy account), does Maybank give (pay) interest for the $X deposited for 1 day (despite the fact that 1 Dec 2019 is a Sunday)?

If one examines the Transaction History of one's iSAVvy account, the history shows only Transaction Dates (even for Sundays). There are no Value Dates shown (for transactions occurring on Sundays).
Does Maybank iSAVvy account give (pay) interest (for Sunday) for money FAST transferred into the account on Sunday, 1 Dec 2019 (from MaxiGain account)?
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Old 30-11-2019, 04:41 PM   #6525
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probably will leave $1, then top up to $15 on 31 Dec
I will just leave $0.01. Then top up if really there is overdraft
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