How Bank Islam Current Account-i works?
Current account, also known as checking account, not only enables you to keep your money in the trusted hand of a bank, but also lets you earn profit reward on the minimum balance every month.
When you open a current account with Bank Islam, you can rest assured that your money is being handled in a Shariah compliant manner. That's not all, you can also enjoy other banking services, promotions and deals running all year long.
What do I get upon this current account opening?
Similar as to savings account opening, you will be issued with an ATM card, which also acts as debit card that can be used to replace cash on your next transactions. Your current account will not be complete without a complimentary cheque book, of course.
Moreover, to make your life easier, you will have access to an online banking facility where you can performs a wide array of banking services, such as bill payments, instant or interbank fund transfer, loan payments via standing instruction etc.
If you prefer to the old fashion way, there are a bundle of services you can avail from Bank Islam's ATM machines, namely cash withdrawal, Zakat payment, Tabung Haji deposit, charity contributions, SMS banking registration and PIN changes.
Why should I open this current account?
A current account helps you to manage your monthly expenditure and financial needs in a flexible manner. With Bank Islam, there are 7 types of current account you can open: individual, joint, partnership, government, association, private company and company accounts.
You can setup this current account as a salary crediting account to reap the benefit of high profit rate.
Who can apply for Bank Islam Current Account-i?
Anyone in Malaysia aged 18 years and above can apply for Bank Islam Current Account-i. For personal use, you only need to prepare RM500 as an initial deposit, whereas if you want to open one for your organization, at least RM1,000 is required.
Is it safe to keep my money in this current account?
Absolutely. Your hard-earned money will be guaranteed by Perbadanan Insurans Deposit Malaysia up to RM250,000.