FW: HUSBAND & WIFE JOINT ACCOUNT IN MALAYSIA

[Jean Chong]

Good to know and to refresh your memory

----- Forwarded Message -----

Subject: HUSBAND & WIFE JOINT ACCOUNT IN MALAYSIA

 

  MAKE SURE YOUR JOINT ACCOUNT IS UNDER 'JOINT TENANCY' ACCOUNT

AND NOT SIMPLY JOINT ACCOUNT. MOST LOCAL BANKS DONT PRACTISE

"JOINT TENANCY". VERIFY YOUR BANK ACCOUNT.

 

  

This is how UMNOputras get a perpetual steady income stream without even lifting a finger or having even to utter a word of "please or thank you".

 

Now that we are aware of this, everyone of us must talk about it, especially accountants, bank officers and lawyers, plus will writers. THEY HAVE A SOCIAL RESPONSIBILITY AND OBLIGATION TO ENSURE THAT ALL ARE INFORMED.

 

Now that we know how UMNOputras have planned such scams (pasang kaki) on us all these years (probably started by the self confessed devil himself, this is a real low down trick) is there any reason for anyone of sane mind to continue to vote for UMNO/BN?

These crooks are all in it together!

If MCA, MIC N GERAKAN are not in it, let them deny it LOUD n CLEAR!

Ask Chua Soi Lek, Liow Thean Lye the big mouths.

I have heard of this from some bank managers.

 

This is bordering on the ridiculous.  What has the Jabatan Agama to do with

non-Muslims bank account?  Anyway, if it is to make sure that none of the partners of this joint account are non-Muslims, do they need to take one year to confirm?  

Nowadays, with computerisation, checking can be immediate to verify that none of the account holders are Muslims.  Isn't this being more logical?  We are no longer living in the stone age.  As the commentor wrote, when one spouse passes

away, this is the time when the surviving spouse needs money the most, and here we have Jabatan Agama putting the spanner in the works.

Another way out is for  banks to advise would be joint account holders about this clause before they open joint bank accounts.  Presently, banks are silent on this. And account holders are only informed when one spouse dies.  And if they agree, then they can jointly sign, or opt out.

The question here is why must non-Muslims be also subjected to this, and made to suffer?  This may discourage people from putting obituaries in the newspapers or dressing up in mourning clothes when going to banks.

Of course, some bank tellers can find this another  easy way  to make good money by asking for bribes to close one eye or both eyes.

 

 HUSBAND & WIFE JOINT ACCOUNT IN MALAYSIA - Clearance approval required by Jabatan Agama for Non Muslim to release money of deceased

 

Please note there is processing fee by Jabatan Agama ro approve any withdrawal of J/Acct of deceased   Don't assume it will be automatically approved as millions are frozen by Jabatan Agama ..non Muslim too.   Banks have no choice...There is even a special dept to monitor obituary advertisement for such cases...   Why not....after all almost Free Money to Jabatan Agama?      HUSBAND & WIFE JOINT ACCOUNT IN MALAYSIA     I read an article about Jabatan Agama hold ‘VERY substantial’ amount of   unclaimed $ from non Muslim, now I can understand why….Those with ‘JOINT  ACCOUNT’ must read and understand !!     Yes, it is a known fact that Malaysian banks are silent on the "joint   tenancy" agreement, unless you know & ask for this type of joint account,   you won't be signed in for it - if not mistaken, local banks don't have   this type of account but some foreign banks do have provided you ask.     I came to know of such practice when I did my financial planning course.   From hence forward, whenever I knew of anyone who is critically sick, I   would ask them about any joint account in the bank. If they do & if one of  the account holder has just passed away, the other account holder should   immediately withdraw (don't close the account) & leave Rm10.00 to maintain   the minimum balance required. Tone down "black" clothing when going to the  bank as the tellers/officers would be on the lookout for such case.   Make the withdrawal first before placing the obituary announcement -   banks have a section which screens through this section in all newspapers.     Back in 1994, when my father-in-law passed away, he held a joint account   with a son on the sum of RM5,000. As soon as my brother-in-law try to   close the account presenting the death certificate, the bank denied   payment and informed to get clearance from the Prime Minister's Dept or  Jabatan Agama. After about slightly more than a year, my brother-in-law  managed to withdraw the money with a payment of RM500 to Jabatan Agama.     What the heck, afterall we are not Muslim. Why our assets are subjected to  be deducted for the payment to Jabatan Agama? Until today I am still   unable to understand the whole procedure.     Husband & Wife Joint Account In Malaysia  Good article !!! I received it from my friend about the Bank Joint Account  in Malaysia .     "Just to share with you one recent article I read and shocked me a lot.   It happened in west Malaysia , about a husband and wife and one son.   The husband passed away due to accident.   The husband had a RM50,000 joint saving account with wife in a local bank.   What happened is the wife ,like most people think, when husband passes   away, she will get the money automatically since it is a joint account.   But to her surprise, She could not withdraw even a single cent from the   bank. Joint saving account is meant for convenience when spouse needs it the  most.   But most people always assume once the other holder dies, another half   will get the money automatically which is very wrong.     I would like to share my opinion with all of you, you may take it as  educational thoughts or for you to be aware.   When one person dies, the other joint holder of the saving account will   get the money automatically only if that particular bank practise 'JOINT   TENANCY'.   This terms means one party die, the other joint party gets money   automatically.     But unfortunately, not all banks practise JOINT TENANCY, some foreign  banks practise and most local banks don't practise.   If you want to be sure, just ask your bank whether your joint saving   account based on JOINT TENANCY.   If it is yes, get the black and white.     Can you all imagine, when husband passes away, the wife already suffers   emotional loss. Now she will have to suffer the problem of having 'NO   MONEY', although it is in joint account.   Because of husband's ignorance, now the wife and the son have to pay for   it.     Hope the above can help for you.   Just take note.   Thank You