Who can apply for AFFIN Basic Savings?
All Malaysian citizens and permanent residents can apply for an AFFIN Basic Savings account, either as an individual or a joint account with another person.
It is easy to open an account as no introducer is required and the initial deposit is very low, which is RM20 only.
The minimum age required to open an individual basic savings account is 12 years old.
For minors below the prescribed age, you need to set up a Trust Account with a parent or guardian.
What benefits can I get from this savings account?
This is a basic savings account that provides you with the essentials of a money management tool, such as cheques and cash deposits, ATM withdrawals, fund transfers, bank statements, online banking facility, debit card, among others.
When you sign up for internet banking at AffinAlways, you get to enjoy free of charge services on selected transactions such as account enquiries, online bill payments and fund transfers (except for GIRO).
How can I track my cash flow?
Affin Bank provides more than one convenient channel for you to access and manage your cash flow, available 24/7 at your convenience.
You can choose to keep track of all your transactions, spending, fund transfers, etc, via an e-statement.
This gives you the flexibility to track your cash flow anytime and anywhere, as long as you have a device that is connected to the internet.
What happens if my account is inactive for too long?
Dormant accounts for 12 months with a balance below RM10 will be closed automatically after 2 reminders, with the balance to be absorbed by the bank.
If you have more than RM10 in the dormant account, Affin Bank will levy a portion of it as an annual service fee.
Is my money protected under PIDM?
Yes, it is. Your deposit is guaranteed under the care of PIDM for up to RM250,000.
