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Bank account for bankrupts

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asked on Nov 6, 2014 at 15:21
by   danish12
edited on Jul 4, 2017 at 07:22
 
Those whom are bankrupt can open a bank account at Bank Simpanan Nasional (BSN), you can withdraw your EPF.
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answered on Nov 9, 2014 at 04:08
by   Ellsa
edited Jul 4, 2017 at 07:23
 
Is this for real? Individual savings account or joint account?
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answered on Nov 9, 2014 at 04:42
by   Jeff
edited Jul 4, 2017 at 07:42
 
@Ellsa

Why not try. You have 3 months to try to open an account for your EPF. Even I forgot about this bank, as during my era, it is known to be a bumi bank for the bumis. Doesn't matter whether personal or joint ac as long you get an account. However, it would be prudent to open a Joint Account.

Notice there are hardly any bumis asking about opening accounts for EPF withdrawals in this forum section, although I believe the rate of bumis getting courts summons, bank accounts garnished and being bankrupted is equally high nowadays. Do try on this bank!
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answered on Nov 12, 2014 at 20:22
by   bunker
edited Jul 4, 2017 at 07:44
 
@danish12

How do you know can open at BSN? Can it be frozen/blocked?
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answered on Nov 19, 2014 at 19:42
by   King
edited Jul 4, 2017 at 07:46
 
@Jeff

I thought bankrupts are only allowed 1 banking (salary) account via Jabatan Insolvensi Malaysia (JIM). I've tried HL Bank and PB bank which doesn't allow opening of new saving account as the whole system has 'locked' orders by Bank Negara. So is it true can open a BSN account without any complications or embarrassment?
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answered on Nov 19, 2014 at 20:07
by   Jeff
edited Jul 4, 2017 at 07:51
 
@King

You have credit cards debts at HLB and PBB? If you have been declared a bankrupt, most banks would bar any accounts although "some" banks may have mistakes updating their servers. Read on "Withdrawal of EPF for bankrupts".. hints are listed there. Once you have reported to Jabatan Insolvensi Malaysia (JIM), JIM will give you a letter to open a account for the purpose of banking in salary.

If you go to any bank and get "rejected", what is so embarrassing? Nobody would know you or even remember you! No money to eat and feed your family is more complicated! Walk TALL, being a bankrupt is no big deal, there are more than half a million bankrupts in Malaysia, lots of them are 25 years and below.

No harm trying at BSN.. We have nothing more to lose other than our life and family... Open a Joint Savings Account as per my description in one of my posts.
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answered on Mar 23, 2015 at 17:23
by   Jeff
edited Jul 4, 2017 at 07:52
 
@Ellsa

I recall you were blacklisted with some banks. So, you manage to open an account with BSN? Joint or Individual? No hassle? Appreciate any updates.
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answered on Mar 24, 2015 at 21:14
by   reetz
edited Jul 4, 2017 at 07:54
 
I am a bankrupt and recently found that I have been served a summon amounting to RM2,300 for my divorce decree. I totally forgot the balance amount was not paid by my ex. Anyways, question is, since I am a bankrupt, can they summon me? They have asked me to attend to court hearing and if not judgement will be taken against me. I have proposed for a monthly installment but they will only accept on the pretext that I attend the court hearing. Need your advice please. Thanks!
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answered on Mar 27, 2015 at 09:39
by   Ellsa
edited Oct 30, 2017 at 10:40
 
I've done with BSN. No question asked! Yes, good news for blacklisted and bankrupts.. you may open up savings account with BSN and walk tall.

Nothing to be shy off...just buat 'bodoh' and go to the counter...within 1/2 hour you have a savings account already.

Please do not fear.. doubt.. shy bars you from going forward. BSN still good for blacklisted and bankrupts.

Thank you to all in this forum or thread.

Jeff..thanks for your support...
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answered on Jun 27, 2017 at 23:33
by   Pete epf
edited Oct 30, 2017 at 10:49
 
Will a bankrupt's EPF money be frozen once it is transferred to BSN savings account?
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answered on Jun 28, 2017 at 14:06
by   jeff005
edited Oct 30, 2017 at 11:00
 
Will a bankrupt's EPF money be frozen once it is transferred to BSN savings account?
Possible if Jabatan Insolvensi Malaysia (JIM) is aware of it.
Go kedai mamak outside the bank and wait. Once the money is transferred into the BSN account at 10am, withdraw all leaving only RM10++ inside by 10.15am. Play smart. Use this account for salaries bank-ins and for the twice EPF withdrawals.
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