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.