Money4Invest.com

Design, IT Technology News, Web 2.0 Tips
  • Home
  • AirAsia Promotion
  • Mudah Deals
  • Malaysia News
  • Software
  • Links
  • Sitemap
  • Privacy

Fees and Charges of Saving Accounts For Banks in Malaysia

 Add comments
 

Do you know how much need to pay for replacement for saving account passbook? What if I want to close the saving account now, are there any fees or charges involved to the closure of account? I believe these are the questions we will ask to the bank officers before making the decision. Actually all these frequently asked questions can be found at Bankinginfo.com by comparing banking products from different bank institutions. Bankinginfo.com is a one-stop platform that provides information, tools and tips to help you with your banking needs.

Advertisements

Banking Info Logo

There is a useful tool called Comparative Tables where you can generate a table by specifying several criteria and select the banking institutions Malaysia that you want to compare with. Click Compare button and the system will generate a comparative table for your reference.

Fees and Charges of Saving Accounts for Banks in Malaysia

Here, I have generated a comparative table of Fees and Charges for Bank Saving Accounts in Malaysia for your general info. From the table, you will find out the fees and charges to do the following actions such as closing a saving accounts, dormant account, and replacement of passbook, statement request, inter-branch withdrawal and inter-branch deposit.

Banking Institution Closure of account (RM) Dormant account (RM) Replacement of passbook (RM) Statement Request (RM) Inter-branch withdrawal (RM) Inter-branch deposit (RM)
Balance of RM10 and below Balance more than RM10
Affin Islamic Bank Berhad (a) RM10.00 (within 6 months) for Saving Account-I, Wealth Saver-i, Affin Plus Saving Account-i (b) RM20.00 (within 3 months) for Basic Saving Account (c) RM50.00 (within 3 months) for Junior Saver-i Balance absorbed as the charge if there is no response from customer after two (2) reminders NIL RM20 (lost, inclusive of stamp duty) RM10 flat charge NIL NIL
Al Rajhi Banking & Investment Corporation (Malaysia) Berhad NIL Account closed & balance absorbed as charge RM10 per annum NIL NIL NIL NIL
Alliance Islamic Bank Berhad Closed within 3 months from date of opening of account: RM20.00 / Closed after 3 months from date of opening of account: RM10.00 10.00 Retrieval fees of RM5.00 plus RM1.00 per page of statement if printed from system (up to 3 months) or photocopy of other documents / Retrieval fee of RM20.00 plus RM1.00 per page of statement if reproduced from microfiche plus out-of-pocket expenses (for Nil Nil
AmIslamic Bank Berhad RM20 (within 3 months) Account closed and balance absorbed as charge RM10 per annum RM15 NIL 0.03% of transaction amount (min of RM0.50 and max RM500) 0.03% of transaction amount (min of RM0.50 and max RM500)
Asian Finance Bank Berhad NIL Account closed & balance absorbed as charge RM10 per annum NIL NIL NIL NIL
Bank Muamalat Malaysia Berhad 10 or available balance, whichever is lower (within 3 months) [Al-Wadiah Savings Account] Account closed and balance absorbed as charge RM10 per annum a) RM15 (loss, inclusive stamp duty on Letter of Indemnity) b) RM5 (spoilt) a) RM10 per request (Individual) b) RM20 per request (Non-Individual) Note: Maximum 10 page, thereafter RM1 per page a) Free – RM10,000 below b) RM10 – RM10,000 and above 0.03% inland exchange – minRM0.50/maxRM500 (home branch and collecting branch in different clearing area)
CIMB Islamic Bank Berhad RM10 (within 6 months) NIL NIL RM20 a) Upfront RM10 additional page RM2 (for period of up to 1 year) b) Upfront RM30 additional page RM2 (for period exceeding 1 year)
EONCAP Islamic Bank Berhad RM10 Account closed and balance absorbed as charge RM10 per annum RM5 (service charge) + RM10 (stamp duty on Letter of Indemnity) a) Free (request within 1 year) b) RM1 per copy plus RM15 per account (request above 1 year from the original statement date) NIL Outstation cheque deposit within or different clearing area – 0.03% of the transaction amount min – RM0.50 and Max. RM500
Hong Leong Islamic Bank Berhad a) RM 20 (within 3 months from opening) for Basic Savings Account-i. b) RM 20 (within 6 months from opening) for other Savings Account-i Account closed and balance absorbed as charge RM 10 yearly RM 10 per passbook (applicable for lost passbook) and RM10 for Letter of Indemnity Nil Nil Nil
HSBC Amanah Malaysia Berhad RM20 (within 3 months) Account closed & balance absorbed as charge An annual service fee of RM10 will be charged until the remaining balances are sent to Unclaimed Monies RM5 (service charge) + RM10 (stamp duty on Letter of Indemnity) (a) RM2 per page (12 months or less) (b) RM5 per page + additional handling charge of RM50 per request (more than 12 months) No fee is charged No fee is charged
Kuwait Finance House (Malaysia) Berhad RM20.00 or outstanding balance whichever is lower (if within 3 months from opening) Account closed and balance absorbed as charge NIL N/A RM 5 per statement NIL NIL
OCBC Al-Amin Bank Berhad RM 20 (early closure, within 3 months from date account opened) Balance absorbed & account closed RM10 per annum until 7th year. Balance (if any) classified unclaimed. FOC (if full), RM10 (if lost) Not Applicable None None
Public Islamic Bank Bhd RM10-00 Account closed and balance absorbed as charge RM10-00 on each notice sent. Applicable to savings account with a balance of above RM20-00. RM10-00 Nil Nil Nil
RHB Bank Berhad RM20 (within 6 months) Account closed & balance absorbed as charge RM10 per annum RM10 (service charge), RM10 (stamp duty on Letter of Indemnity for lost of passbook) 0.03% inland exchange – minRM0.50/maxRM500 (home branch and collecting branch in different clearing area) 0.03% inland exchange – minRM0.50/maxRM500 (home branch and collecting branch in different clearing area)
RHB Islamic Bank Berhad RM20 (within 6 months) Account closed and balance absorbed as charge RM10 per annum a) RM20 (loss, inclusive stamp duty) b) RM10 (poor handling) NIL 0.03% inland exchange – minRM0.50/maxRM500 (home branch and collecting branch in different clearing area) 0.03% inland exchange – minRM0.50/maxRM500 (home branch and collecting branch in different clearing area)
Standard Chartered Saadiq Berhad RM20 (within 3 months) Account closed & balance absorbed as charge RM10 per annum RM20 (service charge) + RM10 (stamp duty on Letter of Indemnity) a) RM5 per statement cycle (within 1 year) b) RM10 per statement cycle (more than 1 year) 0.03% inland exchange – min RM0.50/max RM500 (home branch and collecting branch in different clearing area) 0.03% inland exchange – min RM0.50/max RM500 (home branch and collecting branch in different clearing area)
Advertisements

Related posts:

  1. Malaysia Swift Bank Code | Swift Code Of Bank Malaysia SWIFT codes are designated to banks in countries around the...
  2. Post Office Malaysia New Post Charges Since July 2010 Pos Malaysia Berhad has started the new post tariffs charges...
  3. Beware Of Maybank Scam Email | Maybank Fraud Email | Maybank Phishing Mail I guess I’m so lucky to receive another urgent email...
  4. List of Malaysia Bank Phone Number | How To Contact Bank Have you ever experienced this kind of emergency situation? For...
  5. Pos Malaysia Opening hours | Pos Malaysia Operating Days We had talked about the new Pos Malaysia Rates before...

Related posts brought to you by Yet Another Related Posts Plugin.

 Posted by lee  Tagged with: bank saving accounts, banking info, banking institutions malaysia, closing saving account, comparative tables, fees and charges, malaysia bank, malaysia saving account, replacement passbook, saving accounts

  2 Responses to “Fees and Charges of Saving Accounts For Banks in Malaysia”

  1. Jayce says:
    July 21, 2010 at 5:49 am

    Nice to know them. Won’t open another saving account soon as I have 4 right now.

    Reply
    • lee says:
      July 21, 2010 at 9:45 am

      @Jayce: Wow! so many saving accounts… Must be lots of savings..hehe

      Reply

 Leave a Reply Cancel reply

(required)

(required)

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

  1Malaysia Mobile Clinics | 1 Malaysia Clinics   Free Online Photo Editor | Free Photo Enhancement Software
Advertisements

Join as Fans:

Recent Posts

  • AirAsia Flights Promotion 2013
  • AirAsia Free Seats Promotion (2 April – 7 April 2013)
  • AirAsia Free Seats Zero Fare Promotion for March – July 2013
  • AirAsia January 2013 Free Seats Promotion
  • AirAsia Free Seats Promotion 2013 (Zero Fare)
  • How to Create Christmas Postcards using PhotoFunia
  • AirAsia 11 Cents Big Sale Promotion
  • AirAsia Zero Fare Seats Promotion 2013
  • AirAsia Free Seats Promotion 2013 for International Flights
  • AirAsia Free Seats Promotion 2013 for Domestic Destinations

AirAsia Promotion

  • AirAsia Free Seats Promotion (2 April – 7 April 2013)

Design

  • 100+ Coolest Must-See Google Offices Photos Around The World

Freebies

  • Valentine Roses Windows 7 Theme for Free Download

How-Tos

  • How to Rip DVD to ISO Image and Burn ISO to DVD (Tutorial)
  • List of Malaysia Bank Phone Number | How To Contact Bank
  • Top 4 Ways to Stop Maxis Botsmax Service

Infographic

  • Angry Birds Game Addiction
  • Evolution of iPad1, iPad2, iPad3
  • Google Search Tips & Tricks for Students
  • Pinterest Fun Facts That You Might Not Know (Infographic)

Inspiration

  • 10+ Beautiful Printable Calendars 2012
  • 15+ Unbelievable Funny Christmas Photos of Famous People

Travel

  • 6 Simple Guides to AirAsia Web Check In

Wallpapers

  • 20 Cute Mid Autumn 中秋节 Wallpapers for Free Download
  • 20+ Cute Chinese New Year Wallpapers for 2012
  • 25+ Awesome New Year Wallpapers for Desktop
  • 35 Beautiful Diwali Wallpapers for Desktop Users
  • 40+ Romance & Artistic Twilight Wallpapers
  • 50 Beautiful Ramadan Wallpapers for Raya Celebration
  • 70 Funny, Scary & Artistic Halloween Wallpapers
  • 75+ Lovely and Beautiful Christmas Wallpapers for Desktop

Web 2.0

  • Free Online Celebrity Photo Warp Tool
  • Funnywow Creates Funny Photo Effects
  • ImageChef Online Image Creator Makes Photo Editing Fun
  • MagMyPic – Free Online Fake Magazine Covers Maker
  • PhotoFunia Effects 2012 Part 1 (January – June)
  • PhotoFunny 2012 New Year Photo Effects
  • Pixiz – Free Funny Photo Editor, Face in hole Effects

WordPress

  • How to Host WordPress Images in Subdomain Tutorial
© 2013 Money4Invest.com - Tech Blog Suffusion theme by Sayontan Sinha