What is UOB InvestPro Account all about?
It’s safe to say that no one likes to go to the bank during peak hours just to withdraw cash to pay for bills or to deposit money for a car or housing loan.
With the UOB InvestPro Account, you won't need to waste time queuing for hours on end at the bank - you can manage your money from anywhere at any time and earn high interest while you're at it!
What’s great about this savings account?
Enjoy interest rates of up to 1.70% per annum on your bank balance - that's fixed deposit-like perks, while enjoying all the convenient benefits of a savings account.
What's more, your interest earnings will be credited to your InvestPro Account each month so you'll get to see some healthy growth to your bank balance!
What are the other features of this savings account?
With UOB InvestPro Account, you can enjoy up to 4x waiver on the MEPS withdrawal fee when you maintain a minimum Monthly Average Balance (MAB) of RM5,000 in your account.
However if you have a lower amount than that, the usual RM1 fee will still apply whenever you withdraw at any banks' ATMs nationwide.
That’s so cool! Tell me more about UOB Personal Online Banking?
You'll be able to better manage your finances - all your account statements, how much you've spent for the month, what you've spent the most on - all these things are available at your fingertips.
Who can apply for this UOB savings account?
You must be at least 18 years old to be eligible to grow your wealth with this UOB savings account.
This UOB InvestPro Account is not available for Business Corporations, Associations or Societies.
What are the fees and charges that I need to watch out for?
There aren't many fees that you have to look out for!
Closing your account within the first 3 months will set you back RM20, while over-the-counter transactions at any UOB Malaysia branch will cost RM5 but this fee is currently waived for you.
And what about making IBG transactions? It is free if you make an IBG transaction using the UOB Personal Internet Banking from your InvestPro Account.
What do I need to open the UOB InvestPro Account?
There are a few documents that you'll need to prepare before making your way to your nearest UOB branch:
- MyKad (IC) for Malaysians and Passport for foreigners
- A copy of your latest water, electricity or phone bill with your name and address clearly stated.
- Letter of Employment or Student Permit for foreigners who are working or studying in Malaysia
- Minimum initial deposit of RM100
Open an account with UOB Mighty App
If you don’t have the time to go to the nearest branch, don’t fret! You can open the InvestPro Account easily using the Mighty App from UOB. It’s pretty simple too, here are the steps:
1. Download the UOB Mighty App, and select “InvestPro Account”.
2. Take a picture of your MyKad or NRIC, and perform facial recognition.
3. Complete the e-form as instructed.
4. Set up your online banking and Mighty Secure.
5. Transfer funds via DuitNow (Pay-to-Account-Number).
And your InvestPro Account is now active! You can perform any transactions you wish anytime and anywhere.
You are eligible to open a UOB InvestPro Account if you are a Malaysian citizen residing in Malaysia, possess a MyKad or NRIC issued post April 2012 (with ghost image), uses a local mobile number, at least 18 years of age, and holds a current/savings account in another local bank with internet banking access.
Can I still open a UOB InvestPro Account if I don’t meet the above requirements?
Yes! Malaysians and Foreigners can still apply for the account if they’re at least 18 years old. There are a few documents that you'll need to prepare before making your way to your nearest UOB Malaysia branch:
- MyKad (IC) for Malaysians and Passport for foreigners
- A copy of your latest water, electricity or phone bill with your name and address clearly stated
- Letter of Employment or Student Permit for foreigners who are working or studying in Malaysia
- Minimum initial deposit of RM100
