UOB Malaysia Introduces Digital Account Opening On UOB Mighty App
Author Avatar
UOB Malaysia Rolls Out in-App Digital Account Opening

UOB Malaysia has launched a digital account opening service that allows customers to open a personal bank account wholly through the bank’s mobile banking app, UOB Mighty. Customers can now open a bank account via UOB Mighty in just 10 minutes, reducing the average time to open account by 60%.

By digitalising the application and account opening process, UOB customers are able to apply for a bank account without having to fill in any paper-based forms. With the integration of the electronic Know Your customer (e-KYC) solution to verify and authenticate identities, new customers do not need to visit a branch to verify their identity for account opening.

“Upon submitting the application, they will receive a notification within two minutes on their application status through the app,” said managing director and country head of personal financial services Ronnie Lim. “Once the application is verified and approved, customers can then transfer funds to their new bank account to activate it. Within minutes, they will be able to start using their preferred deposits account to grow and to manage their finances.”

According to Lim, the digital account opening service is in line with customers’ shifting preference to bank online amidst the Covid-19 pandemic. The UOB ASEAN Consumer Sentiment Study found that more than half of its respondents preferred to open a bank online, while 67% were willing to apply for a financial product via the Internet or mobile banking. Mobile apps were favoured among 80% of respondents while web browsers stood at 70%.

“As a bank that has served Malaysians for 70 years and counting, our focus has always been on innovating and improving our financial products and services to anticipate the needs of our customers,” said Lim. “Our aim is for them to enjoy a seamless digital banking experience with a full suite of banking features, from account opening to performing transactions, at their fingertips any time of the day.”

UOB is currently offering customers bonus interest of up to 6.68%p.a. upon the opening of a savings account via the UOB Mighty app. Customers can also receive Shopee vouchers of up to RM248 when they apply and spend with UOB debit or credit cards. For more information on the UOB Mighty digital account opening, you can visit the UOB website or download the mobile app.

5 2 votes
Article Rating


Comments (0)

Notify of

Inline Feedbacks
View all comments
Top Apps Articles
Post Image
Astro 4K Ultra HD Broadcast To Be Available For Subscription By The End of This Year
Brian Chung
- 14th August 2018
By the end of 2018, Astro customers will be able to watch football matches in Ultra HD. Read on to know more about the 4k Ultra HD service.
Post Image
Shopee Introduces SPayLater, Lets Users Buy Items Now And Pay Later
Alex Cheong Pui Yin
- 18th January 2021
Shopee has introduced a new payment feature that lets its Malaysian users purchase items and pay for them […]
Post Image
How To Pay TNB Bills With Boost, GrabPay, And Touch ‘n Go eWallet
Pang Tun Yau
- 13th February 2020
In recent months, e-wallets (and even Shopee and Lazada) began offering bill payment options, which means Malaysians can […]
Post Image
TNG eWallet Users Can Now Transfer Money To Bank Accounts Via DuitNow Transfer
Alex Cheong Pui Yin
- 25th March 2022
Touch ‘n Go (TNG) eWallet has updated its DuitNow Transfer function, enabling users to also transfer funds out […]

Related articles

Related Posts Image
Related Posts Image
Related Posts Image
Related Posts Image