What do I need to know about the Bank Islam Al-Awfar Savings Account-i?
Well, what do we have here? An Islamic savings account with a chance to win a lucky draw worth more than RM2 million, well ain't that a first! You are eligible to participate in the lucky draw with a minimum deposit of RM100, with the draws are held monthly and quarterly.
Besides that, you of course will also earn profit earnings on your account balance - but you need to maintain at least RM50 per month in the account.
What are the other features of this savings account?
You get full access to Bank Islam Internet banking to ease your banking transactions, as well as the convenience of cash withdrawals at all Bank Islam ATMs nationwide. Additionally, BOTH passbook and account statements are available for you to keep track of your past transactions, along with the option for an Islamic overdraft via Bank Islam Personal Cashline-i.
Any fees and charges I need to be aware of?
Despite getting a complimentary account statement, the request of the statement will costs you RM5 - very sneaky! In case you need to replace your ATM card, it will cost you RM12, and a passbook replacement is RM13.
How will I be eligible to open this account?
This is an savings account made for all individuals, associations, groups and societies. As said above, you will require an initial minimum deposit of RM100. There are documents you will need to provide, namely: