Basic Current Account-i

(Protected by PIDM up to RM250,000 for each depositor)

In the provision of banking services, it is important to ensure that the Malaysian public, especially the low-income consumers, have access to basic banking services at minimal costs.


Benefits & Features

Minimum Services

 

  • Cheque and cash deposit
  • ATM and over-the-counter (OTC) withdrawals
  • Fund transfers and bill payment facilities
  • Issuance of cheque with NO cashline facilities
 

Internet Banking

 

Available to all BCA account holders. The following Internet Banking services are free of charged:

  • Fund transfer facility (with EXCEPTION of GIRO facility where the Bank will impose a service charge of RM0.10 per transaction to BCA holders)
  • Online bill payment facilities within the Bank
  • Account enquiries including account balances/summary, account statement and transaction history
 

Contract

Qard

The Customer shall give consent to the Bank to deal with the whole or any part of any balances in the account in the manner that the Bank deems fit. Any profit generated by the Bank from the use of the funds shall belong to the Bank. The Bank may at its absolute discretion, give reward (Hibah) to the Customer. Subject to the terms hereof, the Bank guarantees payment of the whole sum standing to the credit of the Customer’s account upon demand.


Eligibility & Requirements

Eligible Person

 

Malaysian citizens and permanent residents

SME

 

Minimum Opening

 

RM 500

 

Minimum Balance

 

No minimum balance

 

Age Requirement

 

18 years old and above

 

Types of Account

 

Applicable to Individuals, Joint and SME


Fees & Charges

ATM charges

 

Option on ATM Charges

An annual charge of RM8.00 – The application will be processed as usual where RM8.00 charge will be charged


No Annual Fee.

8 FREE ATM withdrawals in a month – Any withdrawal exceeding 8 times in a month will be charged at RM0.50 per ATM withdrawal

 

Other Charges

 

MEPS IBG

All BCA holders will enjoy a service charge on only RM0.50 for the first two transaction for MEPS IBG.


Cheque Book

The BCA holders will be provided with cheque book facility (but NO overdraft facility is allowed). The issuance of cheque book is FREE of charge. However, the account holder will have to pay for the charges on stamp duty.


Number of Free Deposits

All the deposit transactions via electronic channels will be at no cost to the deposits.


ATM withdrawal via MEPS

Any cash withdrawal at ATM owned by other Financial Institution under MEPS will be charged RM1.00 per transaction


Half-Yearly Service

Individual account with an average balance of less than RM1,000.00 will be charged RM10.00


Dormant Account

With balances up to RM10.00 – Account will be closed and these balances will be absorbed by the Bank as a charge


Other Fee and Charges

Account closed within 3 months from the date opened will be charged RM20.00

 

Terms & Conditions

Click here to view Terms & Conditions for BASIC CURRENT ACCOUNT-i effective 1st August 2021

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