Bank Muamalat

Bank Muamalat Basic Current Account

Enjoy the convenience of a basic current account at minimal cost, perfect for those with low income or looking for their first current account.

    • Islamic account
    • Account Statement
View product disclosure sheet.

Features

What would make it different?

Online Banking
iMuamalat
PIDM Protected

Fees & Charges

There are always fees but how much are they?

Service Fee
  • RM10.00 every 6 months
  • Waived with monthly average balance of RM1000
  • MEPS Withdrawal Fee
    RM1.00
    Overseas Withdrawal Fee
    RM12.00
    Early Closure Fee
    RM20.00
    Dishonoured Cheque Fee
    RM100
    Stop Payment Cheque Fee
    RM10.00

    Requirements

    Are you eligible for this account?

    Nationality
  • Malaysians
  • Permanent Residents
  • Introducer
    Required
    Minimum Age
    18 years old
    Minimum Initial Deposit
    RM500

    Frequently Asked Questions about Bank Muamalat Basic Current Account

    Things you might want to know

    Do I need a current account?

    Depending on your daily expenses, a current account is pertinent in meeting your short term need for money. If you own a business, having a steady cash flow is important to ensure your business sustenance. 

    With this in mind, a current account can help you manage your transactions and bridge cash gap through the convenience of checking and overdraft facility. However, not all features will be available for a basic current account.

    What services can I access from Bank Muamalat Basic Current Account-i?

    Since this is a basic checking account, you will get access to Bank Mualamat's basic banking services, such as cash withdrawal, instant and interbank fund transfer, bill payment etc, which can be performed over-the-counter at branches or via ATM machines.

    Now, with the advent of digital banking, you can simplify all your banking needs above with minimal effort and cost via iMuamalat, an internet banking facility that is complimentary upon your current account opening.

    Do I get free cheque book and debit card?

    Of course - two is better than one, don't you think? Again, what is a current account without a cheque book? This cheque book will be issued to you for free of charge upon this current account opening, together with an ATM/debit card. 

    Bear in mind, nonetheless, to practice sensible care for your cheque book and debit card as failure to do so can costs you unnecessary charges.

    Who can apply for this basic current account?

    All individuals residing in Malaysia, be it citizen or permanent residents, aged 18 years and above can apply for Bank Muamalat Basic Current Account-i. All you need is a minimum initial deposit of RM500 to become this basic current account holder.

    Is it safe to keep my money in this current account?

    Absolutely. Your hard-earned money saved in this current account will be guaranteed up to RM250,000 by Perbadanan Insurans Deposit Malaysia.

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