2nd September 2025 - 2 min read
UOB Malaysia has announced a revision of its deposit fees and charges, which will see the removal of several monthly and one-off fees for its customers. The changes will benefit holders of various personal accounts, including current, savings, and premium accounts.
These updates are scheduled to take effect from 31 August 2025. Here’s a breakdown of what you need to know about the upcoming changes.
Starting from the effective date, UOB will discontinue several monthly charges across its range of personal accounts. This will simplify account maintenance for many customers.
The table below summarises the monthly fees that are being removed.
| Account Type | Fee Name & Details | Before Revision | After Revision |
| Privilege Account | Monthly Account Consolidation Fee | RM5.00 | Removed |
| Wealth Premium Account | Monthly Account Consolidation Fee | RM5.00 | Removed |
| i-Account | Monthly Admin Charge | RM5.00 | Removed |
| Current Account | Montly Service Charge (for non-broowing accounts with average balance <RM2,000) | RM5.00 | Removed |
The revision means that holders of these accounts will no longer need to worry about incurring these specific fees. If you are looking to open a new bank account, you can always compare savings accounts in Malaysia to find one that best fits your financial habits.
Yes, the fee revision extends beyond monthly account maintenance. UOB is also removing charges related to specific services that customers may use occasionally, as detailed in the table below.
| Service Item | Fee Details | Before Revision | After Revision |
| Request for Statement of Account | Personal account (from 7th month and beyond) | RM10.00 per monthly statement | Removed |
| Safety Deposit Box | Activation fee for blocked SDB | RM50.00 | Removed |
If you are a UOB customer with any of the accounts mentioned, these changes will be applied automatically from 31 August 2025. No action is required on your part to benefit from the fee removals. This initiative leads to direct cost savings and a more streamlined banking experience, especially for those who may have previously been subject to these charges.
For more detailed information regarding these updates, customers can refer to the official announcement on the UOB Malaysia website.
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As a creative content writer, Eloise has covered finance, business, lifestyle topics, and even moonlights as a singer-songwriter outside of RinggitPlus. Her current interests are learning the best ways to optimise spending and credit card hacks to gain more airline miles.
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