Which bank provide a saving account with interest and without debit card fees?

Tabung Haji?

Nowadays most every major bank have debit cards.BNM order.huhu.

Ask for free basic savings account. All banks in Malaysia will have that as it's BNM rules to offer such account. Banks will usually discourage you from opening that account. Just ignore and be firm that you want that account.

Setback: 8x free ATM withdrawal a month.

Not true. See above

This post has been edited by Ramjade: Oct 31 2017, 04:02 PM

Most local banks have it, just ask for Basic Savings Account

Just to name a few:
https://www.cimbbank.com.my/en/personal/pro...gs-account.html

http://www.maybank2u.com.my/mbb_info/m2u/p...al/ACC-Accounts

https://www.ambankgroup.com/eng/islamic/Our...ngsAccount.aspx

I have Maybank account but have annul charges can i change it ?

There are 2 basic saving account. One free and one paid. If you don't specify you want the free, banks will by default give you the paid version.

This post has been edited by Ramjade: Oct 31 2017, 04:22 PM

I asked Maybank for that old kuning kad. They said you can't get it anymore. All debit cards nowadays.

Basic account btw.

I am not sure if you can just change it, you will have to ask the bank.

If can't then you can open a new Basic Savings Account and say that you do not want unlimited withdrawal option.

There's 2 options,

Opt 1
- if you opt for unlimited ATM withdrawal, then you will need to pay RM 8.48 per year.

Opt 2
- Every month you will have X number of free ATM withdrawal, after X you will be charged for the withdrawal.

I have Maybank debit cards (change from old kad kuning), and I am not being charged for annual fees

Of course. That's normal. That's why must ask for free basic saving account

The 'kuning' card no longer available. Even the old 'kuning' card have to change to the cherry debit card.

If your account is BASIC Savings Account, & request for limited withdrawal, then no annual fees for the card.

Firm? Haha..

You know what they do now? "Sorry, we are out of stock for the free cards."

How firm you want to be depends on how long you want to wait.

That's ridiculous. Paid debit cards = free debit card. I have never experienced that. The only thing I experienced is bank officer making a black face when I request for free BSA

Well, you have much to learn and experience, my dear.

This post has been edited by howszat: Oct 31 2017, 09:18 PM

A well place "I am going to report this issue to BNM" will rectify the problem.

This post has been edited by Ramjade: Oct 31 2017, 09:20 PM

Officer should be happy le we give biz

Note, how they don't say they would not give you the card? They say "out-of-stock".

If complaining about out-of-stock is a valid BNM complaint, yes, go ahead. Otherwise, BNM probably will tell you wait since you don't have a valid complaint.

Well, all depends on how much time and effort you want to spend on something that might not get you anywhere.

I’ll have to disagree with the above statements.

I am using a non-fee BSA from the much complained CIMB Bank mainly due to their higher annual fee for their debit MasterCard. The card they issue to non-fee BSA account is the exact same debit card they issue to all other accounts that come with RM15.90 annual fee. So there is actually no reason for them to tell you they have run out of stock of the free debit card. Same situation with my RHB Bank and AmBank non-fee BSA too. The same generic debit card is given to me but it doesn’t come with annual fee as my account is the non-fee BSA.

This post has been edited by MilesAndMore: Oct 31 2017, 11:03 PM

Any interest they give ?

When you open an account, you are a liability to the bank. In addition, if they cannot make money off you, your account with them is considered a loss already. So tell me, if 10k people want to open free basic saving account, and bank cannot make money from them, would bank want to open for you?

That's why, when you go to a bank and request for account, by default, banks will never give you the free basuc savings account except if you ask or maybe it's BSN.

I have to agree with your statement. No stock is basically just an excuse. It cannot be used in today's time as now all banks issue debit card with atm functions.

When you open a bank account, forget about the interest. Interest is usually close to zero making it neglible. If you want interest, better you look for high interest rate savings account/FDs/Money market fund.

Normally for a BSA it is 0.25%. CIMB Islamic Bank BSA-I comes with 0.90% profit per annum.

What is minimum amount to enjoy interest?

All BSA require you to keep min RM20 inside.

I am searching for those abit higher interest at least 1% is it possible?

Nope. No BSA will give you that high.

You want high interest, your only options are
1) Phillip money market fund (3.5x%)
2) FSM CMF2 (3.3x%)
3) Ocbc 360
4) Rhb bonus saver
5) M2savers

I was simply stating the response I got when I asked. There is nothing to disagree about.

As I said, how much time and effort you want to spend on something like this, including complaining all the way to BNM is up to you.

Is this banking thing your hobby? Or you have banking credentials? That would be useful for this forum to know.

And some of us here were also merely sharing our actual experience in getting the debit card without paying a single cent and it was pretty much an effortless effort. The disagree part was about the part you made it like one has to spend a lot of time to get this done, to the point one might needs to lodge a complaint to BNM. I went to CIMB Bank and requested for a non-fee BSA-I. They told me it comes with limited ATM withdrawals which I acknowledged and told them it is fine. So they proceeded to open the requested account type for me right away. Didn’t need to complain to BNM.

The rate for CIMB Islamic Bank BSA-I is 0.7% p.a. now.

If you re-read, you will find that it's actually someone else who raised the point of complaining to BNM, not me.

It's your right to report the issue to BNM if the banks refuse or make excuses for openning free BSA.

This is just to threaten the bank. If they still refuse, just drop a email to BNM.

This post has been edited by Ramjade: Nov 2 2017, 07:26 PM

Noted. Thanks


That someone was only giving a suggestion provided the bank staff absolutely refuses to open a non-fee BSA for you. I’m sure he had no problem opening a non-fee BSA in the past.

Free 8 ATM cash withdrawal. is it every month ?


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Yes. 8 free withdrawal a month.

Regarding your earlier question, yes. You can ask maybank to convert the paid account to the free account.

Noted .

Public bank very happy to open a free BSA for me. No black face.

True but no interest given

Got interest. I receive it on twice a year, 30 June and 31 Dec.

I don't have

Hey Jude, don't make it bad

Take a sad song and make it better...

That's not what I was referring to before and you well know it.

I looked for your post to quote what you actually said, but you have since edited out the point where you said I was the one who raised the point about BNM.

Please, if you want to reply, don't edit your original post, thanks. Don't do any more editing or censoring, thank you.

PS: I am doing a screen-shot on this post, so it will survive future editing.

This post has been edited by howszat: Nov 4 2017, 02:26 AM

You may want to check the time the post was edited before you start throwing allegation that I tried to mask something, which was only a minute after the post was posted and your subsequent reply was posted many hours after I posted the first reply. Never did I edit out anything other than a typo or something.

Sorry, my mistake about the timestamp.

This post has been edited by howszat: Nov 4 2017, 02:40 AM

When you open a SA, be prepare for 0 interest. As mentioned, if you want high interest, you need to work for it (research for high interest account, pass their tnc). Don't hope free BSA have super high interest. Dah la banks not making much money from you, want to give you high interest? That's too much already. Banks are not charity body.

Your amount is too small until the interest given is negligible.