Am I eligible to apply for UOB i-Account?
Let’s go through the checklist below to find out if you are qualified to sign up for UOB i-Account:
- You must be at least 21 years old; and
- Malaysian and permanent resident with valid Identity Card.
If you have met all the requirements above, prepare a minimum initial deposit of RM5,000 to open this current account.
What makes UOB i-Account unique?
UOB i-Account is an interest-bearing current account where your money can multiply every month. To qualify for this monthly compounding effect, you need to maintain a balance of at least RM2,000.
When your money gradually grows, you can access to the fruit of your labour across multitude of channels, such as UOB Personal Internet Banking, 24-hour Phone Banking as well as 24-hour e-Banking Centre.
Over here, you can perform all your banking needs, from fund transfer, bill and loan payments, statement review to investing or trading.
Plus, you get to benefit from a special brokerage fee (if you are a keen trader and investor) and a high adjustable online transaction limit up to RM250,000.
Do I get a cheque book and debit card?
UOB i-Account strives to make your wealth management simple, accessible and full of choices.
A cheque book is essential to a current account and reliable when you need to make a big buck payment – since carrying hard cash can be risky in this day and age.
Besides, you will also be issued with a UOB Debit MasterCard, which has better security features compared to cash and cheque, for free.
Do I get an Overdraft Facility?
Overdraft facility is available upon your request to UOB and also at its discretion. Just remember to service your interest charges on time and make a full settlement of your overdraft when it is due.
What are the fees and charges I should know?
These are few but significant fees and charges you should be aware of:
- Stamp Duty on cheque book (50 leaves): RM7.50
- Monthly Service Charge: RM15, if average balance falls below RM2,000
- Early Account Closure: RM20, if closed within 3 months of opening
- Dishonoured Cheque: RM100, due to insufficient funds
- Stop Payment Cheque: RM10
Is my money protected under PIDM?
Absolutely. Your deposit in UOB i-Account is eligible for protection under PIDM for up to RM250,000.