Tuesday, 12 November 2019, 15 Rabiulawal 1441H Solat Time:

Basic Savings & Current Account-i


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 Introduction


In the provision of banking services, it is important to ensure that the Malaysian public, especially the low-income consumers, have access to basic banking services at minimal costs.


BASIC SAVINGS ACCOUNT (BSA)


Eligibility
  • Malaysian citizens and permanent residents
  • Open to all (Below 12 years old must be opened under Trust)
  • Applicable to Individuals and Joint-Individual only
Minimum Balance
  • RM20.00
Minimum Services

The following are the minimum services offered via BSA

  • Cheque and cash deposit
  • ATM and over-the-counter (OTC) withdrawals
  • Fund transfers and bill payment facilities
Internet Banking
  • Fund transfer facility (with EXCEPTION of GIRO facility where the Bank will impose a service charge of RM0.10 per transaction to BCA holders)
  • Online bill payment facilities within the Bank
  • Account enquiries including account balances/summary, account statement and transaction history
Benefits
  • No service or maintenance charge will be imposed on the account
  • Enjoy the convenience of printing mini statement via ATM machines
Contract
  • Qard


Note:

RM0.50 charge will be imposed after 6 visits to any of the branches for that month.


ATM Charges

Option on ATM charges

An annual charge of RM8.00The application will be processed as usual where RM8.00 charge will be chargedFree unlimited ATM and Over The Counter withdrawal transactions.RM0.50 for first 2 Interbank GIRO per month and RM2.00 for subsequent transaction perform Over The Counter. RM0.10 for Interbank GIRO perform at Internet Banking.
No Annual Fee.
8 free ATM withdrawals in a month. RM0.50 per transaction for 9th ATM withdrawal onwards.6 free Over The Counter withdrawals in a month. RM0.50 per transaction for 7th Over The Counter withdrawal onwards.RM.50 for the first 2 Interbank GIRO per month and RM2.00 for subsequent transaction perform Over The Counter. RM0.10 for Interbank Giro perform at Internet Banking.


MEPS IBG

All BSA holders will enjoy a service charge on only RM0.50 for the first two transaction for MEPS IBG.


Other Charges

Transaction Charges Imposed

Replacement of ATM card

Replacement of new ATM card due to the following reasons will be charged RM12.00 to the BSA holders;

  • Physically damage card
  • Deleted card by the system
  • Spoilt chip or magnetic strip used more than 6 months or
  • Card captured/swallowed by ATM terminal and is not claimed by the customer after 14 working days of being captured
Early closure of the accountAny BSA which is closed within 3 months of account opening will be charged RM20.00 per account
ATM withdrawal via MEPSAny cash withdrawal at ATM owned by other Financial Institution under MEPS will be charged RM1.00 per transaction
Dormant AccountDormant account with balances up to RM10.00, account will be closed, and balances will be absorbed by the Bank as charge.

 

Protected by PIDM up to RM250,000 for each depositor



BASIC CURRENT ACCOUNT (BCA)


Eligibility
  • Malaysian citizens and permanent residents
  • Must be at least 18 years old
  • Applicable to Individuals and Joint-Individual
Minimum Services
  • Cheque and cash deposit
  • ATM and over-the-counter (OTC) withdrawals
  • Fund transfers and bill payment facilities
  • Issuance of cheque with NO overdraft facilities
Initial Minimum DepositRM500.00
Service FeeA service fee of RM10.00 on half-yearly basis is deducted from BCA with an average balance of less than RM1,000.00 during the half year.
Internet Banking

Available to all BCA account holders. The following Internet Banking services are free of charged:

  • Fund transfer facility (with EXCEPTION of GIRO facility where the Bank will impose a service charge of RM0.10 per transaction to BCA holders)
  • Online bill payment facilities within the Bank
  • Account enquiries including account balances/summary, account statement and transaction history


ATM Charges

Option on ATM charges

An annual charge of RM8.00The application will be processed as usual where RM8.00 charge will be chargedFree unlimited ATM and Over The Counter withdrawal transactions.RM0.50 for first 2 Interbank GIRO per month and RM2.00 for subsequent transaction perform Over The Counter. RM0.10 for Interbank GIRO perform at Internet Banking.
No Annual Fee.
8 free ATM withdrawals in a month. RM0.50 per transaction for 9th ATM withdrawal onwards.6 free Over The Counter withdrawals in a month. RM0.50 per transaction for 7th Over The Counter withdrawal onwards.RM.50 for the first 2 Interbank GIRO per month and RM2.00 for subsequent transaction perform Over The Counter. RM0.10 for Interbank Giro perform at Internet Banking.


Other Charges

Transaction Charges Imposed

Replacement of ATM card

Replacement of new ATM card due to the following reasons will be charged RM12.00 to the BSA holders;

  • Physically damage card
  • Deleted card by the system
  • Spoilt chip or magnetic strip used more than 6 months or
  • Card captured/swallowed by ATM terminal and is not claimed by the customer after 14 working days of being captured
Early closure of the accountAny BSA which is closed within 3 months of account opening will be charged RM20.00 per account
ATM withdrawal via MEPSAny cash withdrawal at ATM owned by other Financial Institution under MEPS will be charged RM1.00 per transaction
Dormant AccountDormant account with balances up to RM10.00, account will be closed, and balances will be absorbed by the Bank as charge.


MEPS IBG

All BCA holders will enjoy a service charge on only RM0.50 for the first two transaction for MEPS IBG.

Cheque Boook


The BCA holders will be provided with cheque book facility (but NO overdraft facility is allowed). The issuance of cheque book is FREE of charge. However, the account holder will have to pay for the charges on stamp duty.

Number of Free Deposits

All the deposit transactions via electronic channels will be at no cost to the deposits.

Protected by PIDM up to RM250,000 for each depositor

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