I still remember i applied Public Bank Visa Electron debit card since the beginning of year 2007, at that time i used it to verify my personal paypal account. And, i found that it bring convenient for me to withdraw money from paypal to my Public Bank debit card account.
The way of using debit card is totally different from credit card, you will have more better financial management because you need to have enough money in the debit card before you can make any purchase.
My Advise For All Malaysian
Since our government implement the latest credit card scheme, which every principal credit card will be charged RM50 and supplementary card holder charged RM25, then now it’s great chance for you to own debit card. Besides that, the process of applying debit card is very easy and you no need to have income requirement.
Annual Fees of Public Bank Debit Card
As you known, Paypal is worldwide acceptable Internet Payment Gateway. And it provides us more comfortable and trustable way to do online transaction.
Back to 3 months ago, I made a $500 withdrawals direct to my Public Bank debit card. And I checked the bank exchange rates (USD->MYR) for that day was 3.18. The exchange rate that appeared on my credit card bill was 3.15 only. That’s an average of 0.03 differences for that transaction. This means that PayPal will straight away convert our withdrawal amount (maximum withdrawal of US$500 per day) to Ringgit at their own lower USD/MYR currency exchange rate. Besides, Paypal also charges $5 withdrawal fee.
Knowing what is your investment style are will help you to choose investment type more accurately. There are really only 3 specific investment styles, which can be conservative, moderate, and aggressive.
Naturally, if you found yourself have a low risk tolerance, then your investment style will most likely to be conservative or moderate. In contrary, if you have a high risk tolerance, you will most likely to be an aggressive investor. Meanwhile, your financial goals will also determine your investment style.
Conservative investor want to maintain their capital in their investment. This type of investor usually invests in common stocks, bonds, unit trust and interest earning savings account. Thus, they are more likely on early retirement. I am one of the conservative investor and have an unexpected huge amount of money put into Bank Fixed Deposit. This is just for preparation or cash flow at best.