QUOTE(contestchris @ Oct 3 2025, 10:32 PM)
I have some questions:
1. If I open account for my child, do I choose "anak kandung" and do I name myself as the beneficiary?
2. If I put in RM1,000 today, can I withdraw the money freely? Is there lock-in period? Do I need to submit any application, bring birth cert etc?
3. Is withdrawal done online, at PTPTN counter, or at any bank counter?
4. Is there any minimum balance requirement? Can fully withdraw all RM1,000 but not close the account?
1. Your child is the beneficiary.
2. No lock-in period for SSPN Prime.
3.
a) Online is limited to RM1K per withdrawal per day. You'll need to wait until the money is in your bank account before you can make another withdrawal.
b) Alternatively, you can withdraw at the counter for whatever amount you want & wait a few days for the money to be in your bank account.
c) You can also link your Bank Islam account to your SSPN account. This way you can make instant transfer but limited to RM50K per day.
4. RM20.
EDIT: Looking at your post history here, you've been in this thread since 2024 so not sure why you're asking newbie question.
This post has been edited by talexeh: Oct 6 2025, 07:36 AM