Passbook SavingsWhat is the UOB Passbook Savings Account about?
Give it a guess? This is a savings account with a stylish passbook.
If you feel uneasy with online banking, a good old passbook does the job of keeping you up to date with all account transactions and is provided entirely free of charge.
Also, UOB claims that it is also a handsome looking passbook - there's only one way to find out!
Do I earn interest from this savings account?
This savings account allows you to earn profit from all your account balances.
The interest profit is calculated daily and is credited to your account twice a year. What's more to say - the more you save, the more you will earn.
But can I still use online banking?
Despite this being passbook savings account, you can still make use of UOB Personal Internet Banking and use it to track your account balances.
Internet Banking will provide you the banking convenience where you can make banking transactions anytime at anywhere, banking conveniences literally at your fingertips.
How do I qualify for the UOB Passbook Savings Account?
As long as you are 18 years old and above, you can apply this UOB account.
However, this account is not applicable for businesses, clubs or societies.
To start using the account, you are required to deposit an initial amount of RM5000.
Any fees and charges that I should know about?
In the event that you require to replace your passbook, it will be RM10 per book, plus RM10 stamp duty.
So, make sure you take good care of your savings passbook because it will cost you RM20 for each replacement.
If you plan to close this account, be sure that you have opened this account for more than 3 months to avoid the RM20 charge.
If at closing, you have a balance of RM10 or less, you balance will be taken by the bank.
