Basic Savings Accounts (BSA) is offered at all banking institutions to Malaysians and permanent residents. These accounts can be opened under individual or joint names. BSA operate in the same way as the ordinary savings except that these accounts enable you to perform only basic transactions and at a minimal cost or free.
As a BSA holder, you are entitled to perform the following banking services via facilities offered by your banking institution:
|Type||Nature of transaction||Minimun transactions per month|
|Over the counter|
|Account enquiries, deposits, withdrawals,|
|funds transfer within the same bank and|
|Funds transfer within the same bank|
(at RM0.5 per transaction)*
*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.
More information please visit Banking info website.