Public Bank Qard Current Account-i

There's no need for a minimum balance that you have to maintain per month! - Enjoy the convenience of online banking and standing instructions for easy bill payments.

Public Bank Qard Current Account-i
Profit Rate
Account Type
Service Charge
Min. Deposit
Account Statement


What would make it different?

Online Banking
Mobile App
PIDM Protected
Up to RM250,000

Fees & Charges

Service Charge
RM10 every 6 months
Early Closure Fee
Dishonoured Cheque Fee
Stop Payment Cheque Fee


Minimum Age
  • 18 years old
Minimum Initial Deposit
Who can apply
  • Malaysians
  • Permanent Residents

More Information

Tell me about Public Bank Qard Current Account-i.

Qard Current Account-i is an Islamic checking account follows the Shariah concept of a contract of lending money by a lender (Customer) to a borrower (Bank). To open one, you need to prepare an initial deposit of RM3,000 and bring along an introducer

Once you have accessed to this current account, you will be given an ATM / debit card (if you didn’t have one previously) for cash withdrawal and transaction purposes.

In addition, you can use cheque book facility to make important transactions. Besides, you can also set up a standing instruction to regulate your monthly bill payments.

The best part is that you don’t need to maintain a minimum account balance with this current account.

What are the fees and charges I should know?

These are few but significant fees and charges you should be aware of:

  • Half yearly Service Charge: RM10, if balance is less than RM1,000
  • Early Account Closure: RM20, if closed within 6 months of opening
  • Cheque Processing Fee: RM0.50 per leaf, plus RM0.15 Stamp Duty
  • Dishonoured Cheque: RM150, due to insufficient funds
  • Stop Payment Cheque: RM15, upon instruction

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

You can rest assured that the fruit of your savings labour in this current account is protected for up to RM250,000 under the Perbadanan Insurans Deposit Malaysia.

How to open a Public Bank current account?

To open a current account with Public Bank, you need to have an introducer who maintains a current or savings account with Public Bank for more than 12 months and not a bankrupt person.

When opening the current account, your introducer must sign the application form. You are also required to bring along the following documents:

For Individuals

  • MyKad or Passport
  • For a non-resident individual, he/she must produce a valid work permit or a student pass/letter of referral from a college/institute.

For Self Employed

  • MyKad or Passport
  • Business Registration Certificates (Form A & B)
  • Business License (Form D)
  • Certificate of Incorporate
  • Business License
  • Memorandum & Articles of Association
  • Latest Form 24 & Form 49 (Companies Act, 1965)
  • Resolution of the Company's Board of Directors (duly certified by the Chairman and the Secretary of the Company)
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