Hi,

I have a loan which have a current account to offset some interest on daily rest. And on a .monthly basis my loan account will direct debit the current account.

I have sold my property and got the redemption statement. I want to know whether the current account is automatically closed or i will need to manually close it.

I am not aware of current practice as i have been away from Malaysia for 7 years. I do not have online banking too so checking them is impossible. Calling the bank has been merry go round due to verification of identity and me not having local contact number whatsoever. Selling is done through a lawyer and he seems unsure in alot of things.


Would really appreciate if someone could advise.

Cheers

This post has been edited by vyruz: Oct 25 2019, 08:46 PM

You have to go to the bank to close the account officially. They need your NRIC and scan your thumb print for verification purpose.

Thanks. So any balance remaining in the account still remains in the account when the loan is settled, correct?

Yes