What do I need to know about HSBC Amanah Basic Savings Account-i?
From the account name, you probably get it right. This is an Islamic savings account. According to HSBC Amanah, this account operates based on the Shariah principle of Qard.
What are the benefits of opening this savings account?
With this account, you can access the convenience of online banking at flexible times and places through HSBC Online Banking. The mobile apps, both Android and iOS, are also made available for the account holders to download so that they can easily keep track of their transactions anytime and anywhere.
You are also given eight (8) complimentary ATM withdrawals per month at any HSBC or HSBC Amanah ATMs with your HSBC Amanah Debit Card-i. If you've exceeded the eight free withdrawals, you'll be charged RM1 per transaction.
Additionally, in the event that you have banking inquiries, you can always reach their telebanking, which operates 24 hours, seven days a week.
For this savings account, you are also entitled to SMS notifications on selected transactions. To enjoy this service, you will be charged RM1 per month. Other than that, the bank posts your statement every quarter in order to track your previous banking transactions.
Am I eligible to open this account?
As long as you are 18 years and above, and are a Malaysian citizen with a valid IC, you are eligible to open this account singly or jointly. An initial minimum deposit of only RM20 is required.
Are there any fees or charges I need to be aware of?
Yes, there are several fees and charges you should take note of. You can refer to the charges from the list below.
- The debit card replacement fee is RM10.
- Once exceed the complimentary 8 ATM withdrawals, it will cost you RM1 for each transaction.
- The MEPS withdrawal at other banks is RM1 per withdrawal.
- RM5 will be imposed on your account for each overseas withdrawal.
- Bank statement retrieval:
- If the statement is 12 months old or less: RM2 per page
- If the statement is more than 12 months old: RM20 per request + RM2 per page
- Inactive account fee (dormant account fee):
- For account balances up to RM10: The account will be closed, and the balances will be absorbed by the Bank as a charge
- For account balances greater than RM10: An annual service fee of RM10 will be charged until the remaining balances are sent to Unclaimed Monies
