Alliance Bank

Alliance Bank Basic Savings Account

Anyone can save with the Alliance Bank Basic Savings Account. Apply now with a minimum deposit of only RM20.

    • Free Passbook
    • eStatement (via email)
  • Min. AmountMax. AmountInterest Rate
    RM20RM300000.25% p.a.
    RM30001RM500000.3% p.a.
    RM50001RM1000000.65% p.a.
    RM100001no maximum0.85% p.a.

Features

What would make it different?

Online Banking
allianceonline
PIDM Protected
ATM Card

Fees & Charges

There are always fees but how much are they?

ATM Card Issuance Fee
RM8.48
MEPS Withdrawal Fee
RM1.06
Overseas Withdrawal Fee
RM8.48
Early Closure Fee
RM21.20

All fees & charges are inclusive of 6% GST if applicable

Requirements

Are you eligible for this account?

Minimum Age
12 years old
Minimum Initial Deposit
RM20
Minimum Balance
RM20

Frequently Asked Questions about Alliance Bank Basic Savings Account

Things you might want to know

What is the Alliance Basic Savings Account?

First off, this is a personal savings account that you can use for all your banking needs, not just for savings.It comes with multi-layered interest rates for every Ringgit saved. The interest is calculated daily and will be credited half yearly into your account.

There is no hassle in setting up this account, and you will get all the necessary tools you need, to maintain and utilise this account to the fullest.

What are the other features of this savings account?

For your convenience, you can carry out transactions such as money transfers using Internet banking via allianceonline internet banking. You will also be issued a debit card, upon this savings account opening.

Also, since this a savings account, you will be given a savings passbook to monitor your bigger transactions if you don’t plan on using this account every day.

How do I qualify for the Alliance Basic Savings Account?

Put simply, almost anyone can apply for this Alliance account. For those who are aged 12 and below, you will be joint account holder either in trust or as a beneficiary. Parents can actually open this account for their children from the age of 1 month old. Finally, of course, anyone over the age of 18 will be able to open this account easily, and you will be issued a debit card to go with it immediately.

You will need a minimum of RM20 as an initial deposit, where you need to maintain RM20 in your account to avoid your account from closure. If it is found that you have a balance of RM0 for 60 days, your account will be shut down!

What are the fees and charges?

You will need to pay RM8 for the issuance of ATM / debit card, on top of a RM8 annual fee. Withdrawals made at other banks will be charged RM1 per withdrawal, while the OTC is RM5 per transaction.

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