Features |
Basic Savings
Account
(BSA) |
Basic Current
Account
(BCA) |
| Type of deposit account
to be offered |
Savings account (Conventional) |
Current account (Conventional) |
| Eligibility |
All Malaysian citizens and permanent residents
shall be entitled to 1 BSA singly or jointly per
banking institution
Note:
- No introducer is required for opening
of account
- Societies/ associations/ institutions are not eligible
- Individual Account (applicant aged 12 years and above)
- Minor Account (Applicant aged below 12 years). For minor account, it is to be opened jointly with and operated only by the parent or guardian.
- For joint account with both to sign condition, the Bank shall disclose to customers upfront there is no Bankcard issued and thus not eligible to BSA/ BCA.
|
All Malaysian citizens and permanent residents
shall be entitled to 1 BCA singly or jointly per
banking institution
Note:
- Applicant has to be at least 18 years old and must
have an introducer
- Period for an accountholder to qualify as an introducer is 1 year.
|
| Features and minimum level
of services |
- Cheques and cash deposits
- Withdrawals via ATMs and over the counter (OTC)
- Fund transfer between accounts
|
- Cheques and cash deposits
- Withdrawals via ATMs and over the counter (OTC)
- Fund transfer between accounts
- Issuance of cheques with no overdraft facility
|
| Minimum deposit to open basic
bank account |
RM20.00 |
RM500.00 |
| Interest bearing |
- RM1.00 - RM999.99
: 0.35%
- RM1,000.00 - RM4,999.99
: 0.90%
- RM5,000.00 - RM19,999.99
: 1.60%
- RM20,000.00 and RM99,999.99
: 2.25%
- RM100,000.00 - RM499,999.99
: 2.50%
- RM500,000.00 and RM999,999.99
: 2.75%
- RM1,000,000.00 and above
: 3.25%
|
Non interest bearing |
| Number of free deposits (including
coin deposit) |
- Free on cash deposit machine
- Free OTC deposits transaction and be excluded from the OTC limit if cash deposit machine is not available.
|
| Service Fee |
No service
or maintenance charge to be imposed |
RM10 for each half year for an average balance of less than RM1, 000 during the half year. |
| Minimum
number of free monthly transactions – ATM and OTC |
| Option 1 |
- 8 OTC visits at CRC
– 9th visit and onwards:
No fee until further notice
- 8 ATM cash withdrawals at CRC.
No fee shall be imposed for non cash withdrawal
transactions (e.g. balance enquiry or fund transfer
within the same bank) – 9th
withdrawal onwards: RM1.00 per withdrawal
- 2 GIRO transactions – RM0.50 per transaction
|
| OR |
| Option 2 |
a. Annual ATM fee of RM8.00 for unlimited
ATM withdrawals
b. 2 GIRO transactions – RM0.50 per transaction
|
|
| Internet Banking |
Will be available at a
later date |
| Issuance of cheque book |
N.A. |
-
Stamp duty – RM0.15 per leaf
- Courier charges of RM5.00 per
cheque book delivered
- A service charge of RM5.00 per cheque book destroyed (no refund of the courier charges shall be allowed)
Note:
Effective 01/08/2004, it has been in practice that cheque
books requested will be couriered directly to customers |
| Minimum balance |
RM10.00 |
N.A. |
| Account statement |
Free monthly statement mailed to customers. |
Free monthly
statement mailed to customers |
| Closure of BSA |
The last sen
in the account can be withdrawn upon closure |
| Dormant account (no
charge shall be imposed on the activation of a dormant account) |
<RM10.00
To close these accounts and absorb these balances as a
charge
>RM10.00
Annual service fee of RM10.00 will be levied
|
| Other fees and charges |
- Replacement of ATM/ bankcard – RM12.00
- Early closure of BSA/ BCA if it is closed within 3 months of account opening – RM20.00
- Cash withdrawals at ATM facilities owned by other BIs (MEPS charges) – RM1.00
- Existing charges on transactions/ services above the minimum threshold as set out by BNM – as per the bank’s existing tariff of charges
- Transaction-specific charges (e.g. charges on telegraphic transfer, stop payment instruction, outport cheque commission etc.) – as per the bank’s existing tariff of charges
- New and upward revision charges – Will be advised by Head Office
|
