UOB Wealth Premium Account

Dive into the power of wealth consolidation with UOB - earn great rewards and higher returns for deposits in this flexible current account

UOB Wealth Premium AccountSMART$ Cash Program
Interest Rate
0.1% to 0.6% p.a.
Service Charge
RM5
Min. Deposit
RM5,000
Reward Points
UOB SMART$
Phone Banking
Available
Account Statement
Available

Interest Rate

What you earn based on the amount that you have in your account

Min. AmountMax. AmountInterest Rate
RM50,001RM100,0000.1% p.a.
RM100,001RM150,0000.1% p.a.
RM150,001RM200,0000.3% p.a.
RM200,001RM250,0000.4% p.a.
RM250,001No maximum0.6% p.a.

Features

What would make it different?

Overdraft
Instant Overdraft
Online Banking
UOB Personal Internet Banking
Mobile App
  • Available
Reward Points
UOB SMART$
PIDM Protected
Up to RM250,000

Fees & Charges

Service Charge
RM5 undefined
MEPS Withdrawal Fee
RM4
HOUSe Withdrawal Fee
RM1
Overseas Withdrawal Fee
RM12
Early Closure Fee
RM20
Dishonoured Cheque Fee
RM100
Stop Payment Cheque Fee
RM10

Requirements

Minimum Age
  • 21 years old
Minimum Initial Deposit
RM5,000
Who can apply
  • Malaysians
  • Foreigners

More Information

Am I eligible to apply for UOB Wealth Premium Account?

Let’s go through the checklist below to find out if you are qualified to sign up for UOB Wealth Premium Account:

  • You must be at least 21 years old;
  • You must be a customer of UOB Wealth Banking with a minimum balance of RM150,000 in deposit and/or investment; and
  • Malaysians with NRIC or Foreigners with valid Passport.

Now, if you have met all the requirements above, prepare a minimum initial deposit of RM5,000 to open this premium current account.

What benefits can I get from UOB Wealth Premium Account?

As this current account is targeting at mass affluent customers, the benefits are specially tailored to meet your wealth needs.

The bigger the amount you have in this current account, the higher the interest rate you will earn as UOB Wealth Premium Account also considers your total banking relationship with the bank.

Meaning, the interest rate will be applied on your total asset under management (your financing and/or investment such as Fixed Deposit, Unit Trust, structured investment products etc) with UOB Wealth Banking.

That’s not all, you are also entitled for SMART$ Cash Program, i.e. a cash rebate program that allows you to redeem items at participating merchants through cashback.

Do I get an Overdraft Facility upon Current Account opening?

Overdraft facility will be granted to you, subject to an agreed limit. You can over draw the amount in your current account and will be charged an interest rate on the overdrawn amount.

This overdraft is similar to a revolving credit, which will be replenished once you have paid the interest and principal within a specific period.

Do I get a free cheque book and debit card?

You can request for a cheque book to perform large and recurrent transactions at a small issuance fee. Besides, you will be issued with a UOB Debit MasterCard so that you can perform seamless transactions and cash withdrawals.

What are the fees and charges I should know?

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

  • Commitment Fee on unutilized standby credit: Not Applicable
  • Monthly Account Consolidation Fee: RM5
  • Early Account Closure: RM20, if closed within 3 months of opening
  • Debit Card Annual Fee: RM8
  • Cheque Processing Fee: RM0.50 per leaf, plus RM0.15 Stamp Duty
  • Dishonoured Cheque: RM100, due to insufficient funds
  • Stop Payment Cheque: RM10, due to insufficient funds

Is my money protected under PIDM?

Absolutely. Your deposit will be protected under PIDM for up to RM250,000.