HSBC Basic Savings Account

A free ATM will begin upon opening an HSBC Basic Savings Account, with 8 free ATM withdrawals per month and access to internet banking.

HSBC Basic Savings Account
Interest Rate
0.25% p.a.
Min. Deposit
Phone Banking
Account Statement
eStatement (via email)

Interest Rate

What you earn based on the amount that you have in your account

Min. AmountMax. AmountInterest Rate
RM20No maximum0.25% p.a.


What would make it different?

Online Banking
[email protected]
Mobile App
PIDM Protected
Up to RM250,000
SMS Transaction Alert
RM1 per month for account holders who sign up
ATM Card

Fees & Charges

MEPS Withdrawal Fee
HOUSe Withdrawal Fee
Overseas Withdrawal Fee
Early Closure Fee
Inactive Account Fee


Minimum Age
  • 18 years old
Minimum Initial Deposit
Minimum Balance
Who can apply
  • Malaysians
  • Foreigners

More Information

What is HSBC Basic Savings Account?

With this basic savings account, you are eligible to earn a flat interest rate of 0.25% which this is good enough for a basic savings account, as it may happens to other banks where there are no interest rate for their basic accounts. 

What are the features and benefits?

Despite this is a basic account, you are allowed to access to the Internet Banking at [email protected] to make your banking transactions. For keeping track of your past banking transactions, you can always access to the HSBC online banking to check on your e-statement.  

For your convenience, HSBC issued a ATM card cum debit card of HSBC Visa Debit Card to make your payment and make cash withdrawal at ATM facilities conveniently.

Who can apply?

This savings account is open for all where everyone can apply for it. As this is a deposit account, a minimum deposit of RM20 is required for account opening.

Do I need to pay any fees and charges?

Yes. You can refer to the charges from the list below.

  • The card replacement charges is RM12 for each card.
  • Once exceed ATM withdrawal at 8th time, it costs you RM1 for each withdrawal.
  • The MEPS withdrawal at other banks is RM1 per withdrawal.
  • The HOUSe withdrawal costs you RM1 for each withdrawal.
  • RM5 will be imposed on your account for each overseas withdrawal.
  • Each statement request costs you RM20.
Search Icon

Get the financial support you need


We’ll guide you through your application for this financial product