Basic saving

If you you need a no frills account, with just the basics to meet your banking needs, for example checking your credit card transaction online, you should consider opening a basic saving account which offer these benefits:

  • Initial deposit of RM20
  • No service or maintenance charge with minimum balance of RM20 is maintained
  • Six free OTC (over the counter) visits
  • Eight free ATM cash withdrawal transactions.
  • Two interbank-GIRO transactions for which a maximum fee of RM0.50 per transaction
  • Free Bankcard/ATM card

Please to inform that according to Bank Negara rules, all commercial banks and finance companies will offer a basic savings account (BSA) and a basic current account (BCA). Staff in bank normally will offer you to open other saving account instead of basic saving account when you request to open saving account without telling them the exact type of saving account to open. The basic saving account is not profitable to them and some of the staff even don’t know have this type of account, so please insist to open the basic saving account or even talk to their superior when they told you don’t have this account.

For more details and the basic current account, please visit here

http://www.bnm.gov.my/index.php?ch=8&pg=14&ac=964

List of Basic Saving Account for Commercial Banks in Malaysia:

No Bank Website
1 Affin Bank Berhad http://www.affinbank.com.my/banking/condeposit/bbsf.htm
2 Alliance Bank Malaysia Berhad http://www.alliancebank.com.my/basicsavingsaccount_ovw.html
3 AmBank (M) Berhad http://www.ambg.com.my/retail.asp?sc=retail_deposits&pg=deposits_savings?=savings_basic
4 Bangkok Bank Berhad N/A
5 Bank of America Malaysia Berhad N/A
6 Bank of China (Malaysia) Berhad N/A
7 Bank of Tokyo-Mitsubishi UFJ (Malaysia) Berhad N/A
8 CIMB Bank Berhad http://www.cimbbank.com.my/index.php?ch=cb_per_st&pg=cb_per_st_sav&ac=8&tpt=cimb_bank
9 Citibank Berhad http://www.citibank.com.my/APPS/portal/loadPage.do?tabNo=5&htmlPageName=/prod/det/deposit_savings_account.htm
10 Deutsche Bank (Malaysia) Berhad N/A
11 EON Bank Berhad http://www.eonbank.com.my/consumer/deposits/saving_savingaccount.shtml
12 Hong Leong Bank Berhad http://www.hlb.com.my/pfs/dep/depbsa_f.jsp?flag=depbsa_f
13 HSBC Bank Malaysia Berhad http://www.hsbc.com.my/1/2/personal-banking/deposits/basic-savings-and-amanah-basic-savings-account-i
14 J.P. Morgan Chase Bank Berhad N/A
15 Malayan Banking Berhad http://www.maybank2u.com.my/mbb_info/m2u/public/personalDetail04.do?channelId=ACC-Accounts&cntTypeId=0&cntKey=ACC01.05&programId=ACC01-SavingsAccounts&chCatId=/mbb/Personal/ACC-Accounts
16 OCBC Bank (Malaysia) Berhad http://www.ocbc.com.my/personal-banking/banking/MY_Banking_Deposit_Saving_EasiSave.shtm?bcid=M1_C1_S1_P5
17 Public Bank Berhad http://www.pbebank.com/en/en_content/personal/deposits/b_savings.html
18 RHB Bank Berhad http://www.rhbbank.com.my/personal/deposits/basic_savings_acc.shtm
19 Standard Chartered Bank Malaysia Berhad http://www.standardchartered.com.my/personal-banking/deposits/savings-account/en/
20 The Bank of Nova Scotia Berhad http://www.scotiabank.com.my/pmain1.htm
21 The Royal Bank of Scotland Berhad N/A
22 United Overseas Bank (Malaysia) Bhd http://www1.uob.com.my/webpages/p_deposits_savings_basic.htm