Public Bank

Public Bank Wadiah 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.

    • Islamic account
    • Account Statement

Features

What would make it different?

Online Banking
PBeBank.com
Mobile App
PIDM Protected

Fees & Charges

There are always fees but how much are they?

Service Fee
  • RM10.00 every 6 months
  • Dishonoured Cheque Fee
    RM150
    Stop Payment Cheque Fee
    RM20.00

    Requirements

    Are you eligible for this account?

    Nationality
  • Malaysians
  • Permanent Residents
  • Introducer
    Required
    Minimum Age
    18 years old
    Minimum Initial Deposit
    RM3000

    Frequently Asked Questions about Public Bank Wadiah Current Account-i

    Things you might want to know

    Tell me about Public Bank Wadiah Current Account-i.

    Wadiah Current Account-i is an Islamic checking account follows the Shariah concept of safekeeping. 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: RM10.60, if balance is less than RM1,000
    • Early Account Closure: RM20, if closed within 6 months of opening
    • Cheque Processing Fee: RM0.53 per leaf, plus RM0.15 Stamp Duty
    • Dishonoured Cheque: RM150, due to insufficient funds
    • Stop Payment Cheque: RM21.20, upon instruction
    • GST: 6%, where applicable

    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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