Just would like to share on withdrawal of money from bank over counter.
Different banks may have different ways of their procedure, but roughly the same.
1. Passbook withdrawals, assuming you open an account with a branch in Kuala Lumpur, and you go to Perak and make withdrawal with the same passbook. it is possible, and the verification process is the same.
2. The verification process: Passbook + ID + and same signature as per passbook.
Generally speaking, the signature can be forged, even if IC is stolen, the identity cards has photographs on it. The staff would normally look at the IC photo but how many times have u withdraw and the staff don't really check the photo with the person in front of them?
Of course, there are other cases, where the IC photo is replace - but this is the practice of criminal groups which is planned crime.
3. As for the withdrawals in current accounts, but also and general account withdrawals, any branch can.
4. Large amounts of withdrawals / deposits. Unless you always have large withdrawals / deposits, the staff would not ask you. If you seldom have large withdraw / deposit then suddenly withdrawals / deposits in a large number, the staff / bank manager is bound to ask you the reason. This is to prevent money laundering.
Have u been ask before by the bank staff on what is your motive of withdrawing such big amount? or deposit of big amount of money?
well, u would be thinking, "what has anything got to do with you", "None of your business leh", "your house in front of the sea o, care so much?"
but then whether withdrawal or deposits, the bank have a responsibility to ask the reasons
"verify, by reliable means, the identity, representative capacity, domicile, legal capacity, occupation or business purpose of any person, as well as other identifying information on that person,..."
so next time dun say people kapo liao.... why so 8/38... coz there is a directive from the above ma...
Different banks may have different ways of their procedure, but roughly the same.
1. Passbook withdrawals, assuming you open an account with a branch in Kuala Lumpur, and you go to Perak and make withdrawal with the same passbook. it is possible, and the verification process is the same.
2. The verification process: Passbook + ID + and same signature as per passbook.
Generally speaking, the signature can be forged, even if IC is stolen, the identity cards has photographs on it. The staff would normally look at the IC photo but how many times have u withdraw and the staff don't really check the photo with the person in front of them?
Of course, there are other cases, where the IC photo is replace - but this is the practice of criminal groups which is planned crime.
3. As for the withdrawals in current accounts, but also and general account withdrawals, any branch can.
4. Large amounts of withdrawals / deposits. Unless you always have large withdrawals / deposits, the staff would not ask you. If you seldom have large withdraw / deposit then suddenly withdrawals / deposits in a large number, the staff / bank manager is bound to ask you the reason. This is to prevent money laundering.
Have u been ask before by the bank staff on what is your motive of withdrawing such big amount? or deposit of big amount of money?
well, u would be thinking, "what has anything got to do with you", "None of your business leh", "your house in front of the sea o, care so much?"
but then whether withdrawal or deposits, the bank have a responsibility to ask the reasons
This is the provisions of the National Bank.
Act 613 ANTI-MONEY LAUNDERING ACT 2001
Section 16. 2(a)Act 613 ANTI-MONEY LAUNDERING ACT 2001
"verify, by reliable means, the identity, representative capacity, domicile, legal capacity, occupation or business purpose of any person, as well as other identifying information on that person,..."
so next time dun say people kapo liao.... why so 8/38... coz there is a directive from the above ma...
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