Who should apply for 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?
Although 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 provides 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 a range of Hong Leong Debit Cards that are available for these accounts, such as Hong Leong Debit Cards, MasterCard Debit Card and Hong Leong Visa 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 to make a low initial deposit of RM20 to open this account.
Do I need to pay any fees and charges?
Yes, however, these only apply in certain circumstances. Hong Leong Bank does not impose charges for an ATM card; however, if you wish to utilise the convenience of a debit card, this will cost you an RM8 conversion or upgrade fee.
For whatever reason, you need to replace your card; whether 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 RM1 per transaction if you make the transaction at an ATM of another bank.
