What should I know about Agrobank BSA-i?
Agrobank Basic Savings Account (BSA-i) is a Shariah-compliant savings account that is open for individuals or as a Trust and even a Joint account. The minimum initial deposit you need to open this savings account is only RM20!
Who can apply for this savings account?
Any individual holding a valid identity card, whether Malaysian or permanent resident, is eligible to open this savings account. You must be at least 12 years old and above to open an individual account.
Unless you wish to start a Trust Account for your children, you must be at least 18 years old to operate as trustee. A joint account can be opened with not more than 5 people with the primary account holder must be a Malaysian citizen aged at least 18 years old as well.
What are the benefits of having this savings account?
First off, you have access to banking facilities provided by Agrobank such as:
- Any deposits, withdrawals and transactions can be made at any Agrobank counter or ATM.
- Interbank GIRO (IBG) services, SMS banking, along with convenient bill payments via Standing Instruction.
- Transact easily with the Agro VISA Debit Card-i
Additionally, accountholders also have the option to choose the monthly banking transactions such as:
i) Minimum 16 monthly transactions
- Six (6) visit over the counter – Charge of RM0.50/visits for 7th visit and above
- Eight (8) ATM cash withdrawal transactions. Charge of RM1 for 9th withdrawal and above
- The first two (2) Interbank-GIRO (IBG) transactions for which a fee of RM0.50 is charged per transaction. Charge of RM2/transaction after the 1st 2 transactions
ii) Unlimited ATM Withdrawal and Over the Counter Transaction (OTC)
- You have the choice of paying an annual fee of RM8 for this banking feature
iii) Unlimited ATM Withdrawal and Over the Counter Transaction (OTC) without annual fee charge
- Only applicable for senior account holders aged 60 years and above
