Lil Mom Q’d up from 8.30am at the Maybank branch in Kuching.
She was first in line and when the branch opened at 9.30am they instantly keyed in her application for both ASW 2020 and ASM. The tellers also proceeded to key in other applicants’ instructions while waiting for online confirmation.
Alas! Hours passed and not even one of the applications could be confirmed by the system…!
I spoke to Lil Mom at 10.30am. She told me that she was on her way home…the branch looked more like a fish market as more and more people piled in by the minute…so after everyone had submitted their forms, they were told by the bank to go home and wait to be notified about the outcome of their applications.
Meanwhile, she called some of friends who had gone to RHB bank. They told her that they had successfully applied for ASM but not ASW.
Two more dreary hours passed…
She called me at 12.40pm, well-chuffed. The bank said that her ASM application had finally gone through. Success at last! She’d somehow deduced that if the bank tellers could switch the order of her applications so that her ASM application was keyed in first, it would go through. And apparently she was right! No luck on ASW 2020 though. I wonder if it had something to do with the Bumiputra quota of 51%. Doesn’t make sense. ASM was sold out before day’s end apparently. But ASW 2020 is still available.
Maybe tomorrow I’ll make a trip to the bank to see if they will accept my modest deposit…hmmm…quite an experience! But at least this time it has a happy ending for Lil Mom!!
March 13, 2007 at 9:11 am
My friends that went to the post office and banks on the 12 march morning were told that the system to open account were down.
However, me the latecomer decided to try my luck at 4pm at the post office and hey, was i surprise, i got a new asw2020 account opened with a tiny amount. this is my 3rd attempt at opening this account since year 2006.
this morning, feeling ever so lucky decide to try my luck again opening my children’s accounts. yes, at the same post office again. I was so excited when i saw the staff keying in all the particulars for my 1st child but right at the confirmation point, a message appeared …. yes, u guess it right !!! “sorrylah, puan, tidak ada lagi ….”
at least i got ONE asw2020 account opened … and i got it the easy way ….
March 13, 2007 at 2:35 pm
Congratulations Amy! Another happy ending! Did you bring cash to the post office or bank draft? A friend told me one of her friends was mugged after withdrawing money from Public bank (which doesn’t provide the service) to apply for ASM at another bank…So gotta be careful!
March 14, 2007 at 6:32 am
How is ASM and ASW better than the other mutual funds out there ya? I find Public Mutual good funds much better than these 2. How come I don’t see long lines since 4am?
Maybe I’m missing something here. Thanks.
May 12, 2007 at 3:59 am
If you learn how to buy undervalued stock based on fundamental analysis,you don’t have to line up in front of Maybank.You can get better return if you start to invest in yourself.
Read more about value investing in KLSE at
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May 1, 2008 at 11:44 am
I looking to open a ASM account but my luck since not so good.
I wish to earn more interest from the above investment.
Can advice how can get the new ASM account and what is the asw2020??
June 22, 2008 at 11:32 pm
Still don’t understand why ASM sold Out like ‘pisang goreng panas’ just becouse it dividend?? or any other factor??