HSBC Basic Savings Account

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

HSBC Basic Savings AccountYour Savings Basic
Interest Rate
0.25% p.a.
Min. Deposit
RM20
Phone Banking
Available
Account Statement
eStatement (via email)

Interest Rate

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

Min. AmountMax. AmountInterest Rate
RM10No maximum0.25% p.a.

Features

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
Available

Fees & Charges

MEPS Withdrawal Fee
RM4
HOUSe Withdrawal Fee
RM1
Overseas Withdrawal Fee
RM5
Early Closure Fee
RM20

Requirements

Minimum Age
  • 18 years old
Minimum Initial Deposit
RM20
Minimum Balance
RM20

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 6th time, it costs you RM1 for each withdrawal.
  • The MEPS withdrawal at other banks is RM4 per withdrawal.
  • The HOUSe withdrawal costs you RM1 for each withdrawal.
  • RM10 will be imposed on your account for each overseas withdrawal.
  • Each statement request costs you RM20.