Basic Banking Services

Basic Savings Accounts (BSA) and Basic Current Accounts (BCA) are offered at all banking institutions to Malaysians and permanent residents. These accounts can be opened under individual or joint names. BSA and BCA operate in the same way as the ordinary savings or current accounts except that these accounts enable you to perform only basic transactions and at a minimal cost or free. Similar to a normal current account, you must be 18 years or older and have an introducer in order to open a BCA. You are allowed to open one BSA and one BCA per bank.

As a BSA and BCA holder, you are entitled to perform the following banking services via facilities offered by your banking institution:

*Additional transactions may incur a charge as determined by your banking institution.

** If deposit machine facilities are not available at the branch, deposit transactions can be made at the counter without charge, These transactions will not be counted in determining the total number of OTC services performed. In cases where self-serve deposit facilities are provided and you choose to make a deposit over-the-counter, this transaction will be considered as part of the OTC limit.