Great news, starting next year you can check your unclaimed money online. According to Deputy FinanceMinister Datuk Othman Aziz, the government will launch the Electronic Government Unclaimed Money Information System (eGUMIS) in the second quarter of next year to facilitate the revision of unclaimed money status, especially by rural people.
The Deputy Finance minister said there were 52,015 applications to claim unclaimed money made this year with 34,353 applications from around Kuala Lumpur alone. “The Accountant General of Malaysia will also join the Mobile Community Transformation Center organized by the Ministry of Finance to enable the people especially in the rural areas access and check the status of unclaimed money,” he said at the Dewan Rakyat sitting here today.
RM 5.96 Billion
He said this in reply to the question Datuk Ahmad Fauzi Zahari (BN-Setiawangsa) on the steps taken by the government to raise awareness of the existence of unclaimed money. He said that until October 31 this year, unclaimed sums were RM5.96 billion with 70 percent contributed by banking transactions such as savings account, current account and non-active savings account for over seven years.
For now, you still have to go to Accountant General Department with your identification card to claim your money.
When was the last time you checked your credit score? Well it would seem that Malaysians have a rather laid-back approach to managing their credit history. In fact, as many as 64% have never even looked at their credit report. That’s according to a survey by credit reporting agency RAMCI.
And despite almost 75% of people knowing what a credit report is, an astonishing 56% admitted that they didn’t know what the purpose of a credit score was and how it can impact their credit applications. But when it comes to finances, ignorance definitely isn’t bliss and having a poor credit score can seriously impact you being able to obtain credit in the future.
A credit score, created by a lender or credit reporting agency is a numerical picture of your credit profile. This credit score may be used by Maybank to evaluate a person’s credit worthiness for a credit card or loan and can even decide the interest rate you will have to pay.
However, many Malaysian banks have their individual method of calculating your credit score. Therefore, getting your loan request approved will greatly depend on which bank you apply to. Your creditor will calculate your credit score and use it to decide whether they will accept or deny your application.
What can hurt it?
There are a number of ways you can damage your credit score. Your spending habits or not paying your bills on time can seriously impact upon your credit score.
And not just that, it can mean that you cannot get more credit in the future. Here are some ways you could be harming your credit score.
Always being late to pay your bills will tell another bank that you will likely be late on their payments too. The more times you make a late payment, the more it will hurt your score.
Sharing finances with other people, or acting as a guarantor on someone else’s behalf, can be disastrous for your credit score rating. If they default or make a late payment, it will hit your credit score too.
While it may seem unfair, not owning a credit card or never taking out a loan does actually more harm than good. The score considers whether you have a reasonably lengthy history of managing your finances and credit commitments. So, the older your credit history, the more points you will accumulate.
Having credit applications rejected can have a serious and negative impact on your credit score rating. Therefore, try to only apply for credit when you need it, and when you are confident that you are going to get it.
How much you owe can greatly affect your scores, just as much as whether you make your repayments on time.
Take control of your credit profile
Even if you discover that you have a bad credit score, it is possible to turn it around. By working hard to pay your bills on time and reducing your credit card balances you can transform it to a healthy score.
Of course, you can still get by with a poor credit score, but achieving a high rating has many benefits and opportunities for low-interest loans in the future. But in order to improve your financial borrowing position you need to start by knowing your credit score.
A daunting prospect perhaps, but once you know your situation that Maybank loan could be just around the corner.
5. You will receive On Time Password (OTP) sms, key in the OTP. Make sure your handphone number is correct.
6. Then you will need to key in your MyKad number.
You must have internet connection to use Secure Verification. To choose Secure Verification as the mode of authorisation, you will be prompted with a push notification message alert on your registered smartphone. You need to “Approve” or “Reject” the transaction within 30 seconds.
If you choose Secure TAC as your mode of authorisation, you can obtain the 6-digit number by tapping on ‘Secure2u’ button on the aybank App. Please enter the 6 digit number generated to approve your transactions.
Mastercard has come with new fingerprint technology on credit card to reduce fraud and stolen identity. The pilot project has started in South Africa and they plan to fully introduce the technology to Europe and Asia this year.
Mastercard has been working with Pick n Pay, a South African grocery retailer and Absa Bank, a subsidiary of Barclays.
Biometric fingerprint is seen as safer and easier than 4 PIN authentication. Shopper just need to hold the card by the fingerprint sensor and insert it to a card reader.
The terminal will verify the fingerprint and approves transaction. This will reduce burden for user to memorize a lot of PIN and password. Because normally credit card user will likely to use their birthday date as pin or just 1234.
We have to admit that there is no perfect system. Same goes with fingerprint technology. According to New York researchers, they already created synthetic master prints that can imitate people’s fingerprints.
Although none has been tested on real handphone, the researcher only tested it on computer simulation, but the technology rapidly improving.
Well now you can save your internet data when you are at Maybank. Especially if you are waiting to change your debit card. But please don’t use this free WiFi to download movie using your Telegram App. Yes I know you can. Its free so use it wisely.
How to Connect to Maybank Free WiFi
Usually at Mamak Stall, WiFi and password will be on the wall. Surprisingly it never worked because they always change it and you have to ask them for the new one.
At Maybank, you don’t have to ask them for the password. You have to press a button. It’s easy.
Press for a queue ticket. One-Time Pin (OTP) for Wi-Fi access is listed at the bottom of the ticket.
Select ‘Maybank Wifi’ at the Wi-Fi Connections on your device.
Enter the OTP and click OK.
You are now connected to Maybank Wi-Fi.
There are 179 Maybank Branches that have Free WiFi. So if you want to check you nearest maybank branches have Free WiFi or not, you can check here. 179 Maybank Branches