What is the difference between Current Account and Savings Account?
Both are deposit accounts whereby you can keep your money in a trusted hand of the bank. Current Account, particularly, provides you more freedom in managing your cash flow daily.
Some Current Accounts allow for you to borrow cash up to a certain limit even though you have used up all of your deposit. To open a Current Account, however, requires you to have a big enough capital or savings.
How Affin Plus current account works?
Affin Plus works simply like a Savings Account but with the flexibility of cheque writing. You can also earn a higher interest rate when you deposit more money into your Current Account, whereby the interest is calculated daily.
All you need to do is provide a minimum initial deposit of RM1,000.
Do I get an Overdraft Facility upon Current Account opening?
Unfortunately, Affin Bank does not offer Overdraft Facility for this Current Account.
Do I get a free cheque book and debit card?
You will get a free Affin Bank debit card so that you can access to your money conveniently. Cheque book will be made available to you upon request and is subject to fees and charges.
To manage your money efficiently, you will be given an internet banking account via affinonline and a monthly statement for an easy tracking of your transactions.
What are the fees and charges that I should know of?
These are few but significant fees and charges you should be aware of:
- Half yearly service charge: RM10, if average balance fall below RM1,000
- Early account closure: RM30, if closed within 6 months of opening
- Cheque processing fee: RM0.50 per leaf, plus RM0.15 Stamp Duty
- Dishonoured cheque: RM200, due to insufficient funds
- Stop payment cheque: RM10, upon instruction
Is my money protected under PIDM?
Absolutely. Your deposit will be protected under PIDM for up to RM250,000.