Who should apply this savings account?
If you are opening your first savings account, this is the account for you. This account will satisfy your basic banking needs without hassle.
What is good?
Despite this is a basic savings account, you still can earn interest on every ringgit you save. The interest is calculated daily, while you can get your interest profit by half yearly. Convenience is important for busy people like us, while this savings account provide convenient access to your account, allowing you to conduct your banking transactions via Internet banking of Hong Leong Connect, ATM network Hong Leong Phone Banking and Hong Leong Mobile Apps. Adding to that, you can choose either ATM card cum debit card that are available for these account, such as Hong Leong MasterCard Debit Card, Hong Leong Visa Debit Card, Hong Leong Hello Kitty Visa Debit Card and Hong Leong Bank Transformers Debit Card.
Well, am I eligible to open this account?
Malaysian citizens and permanent residents aged 18 years and above can open this account singly or jointly. Unfortunately, this is an account for non-residents, clubs, societies and associations. You are only required a low initial deposit of RM20 to open this account.
Do I need to pay any fees and charges?
Yes, however, these are only apply in some certain circumstances. Hong Leong Bank does not impose charges for ATM card, however, if you wish to utilize the convenience of debit card, this will cost you RM8 conversion or upgrade fee. For whatever the reasons you need to replace your card, be the card is damaged or stolen, you are required to pay a fee of RM12 for each replacement card. Although it is free to make cash withdrawals from ATM at Hong Leong Bank branches, your account will be charged at RM1 per transaction if you make the transaction at other bank's ATM.