ctr-limit

Take Note: RM25,000 Limit Per Unreported Transaction

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Featured image adapted from Bank Negara Malaysia Anti-corruption was a major stance for Malaysia Baru, and with the dawn of the first full year under a new government, new anti-corruption and anti-money laundering measures have been announced, namely a reduced cash transaction limit from RM50,000 to RM25,000. Rationale While the biggest known money-laundering scandal in […]

ccworth

RM25 per Credit Card: Worth It?

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SST2.0 has seen a slew of tax changes for Malaysians, some welcome, and some not. But one particular tax on something most Malaysians have grown accustomed to using is the subject of much surprise and debate: the RM25 tax on credit cards. Suddenly all of us are questioning ourselves…convenience aside, is paying RM25 per card […]

favebank

Pros and Cons of Choosing a Favourite Bank

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Featured image adapted from PingMod They say that brand loyalty is dead. That the people of today are tempted by the best deal in town rather than any particular name they grow to trust. On the other hand, there’s something undoubtedly irresistible to walk into the door (or to log into your e-banking account) and […]

pidmdebunked

PIDM Myths Debunked!

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Savings with major banks in Malaysia often have this sweet-sounding phrase included: XX bank is eligible for protection by PIDM. Today, let’s debunk some myths about PIDM so that you can know it better! What is PIDM? Image via Smart Investor PIDM refers to Perbadanan Insurans Deposit Malaysia, a Government agency established to administer a […]

cccollege

Credit Card Tips for College

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Malaysian public universities are going to start a new semester soon, so to all returning students, welcome back, and to new students, congratulations on your enrolment! For many of you, college or university life is the first time you’ll be stepping out of your nest for an extended period of time, and this might feel […]