Beginner’s Guide to Choosing the Best Personal Bank Account Opening in Malaysia
Whether you’ve just started work or relocated to Malaysia, a bank account is something everyone needs. Setting up your bank account is generally a straightforward process. However, regardless of whether this is your first bank account or third, professional help can be invaluable. In this guide to personal bank account opening in Malaysia, we’ve sought to provide crucial information for everyone.
In fact, it’s normal to have multiple accounts these days as banks aggressively compete for new business. Most people have multiple accounts at various banks to separate their personal and business transactions. Some banks may offer competitive rates for using their facilities, such as a checking account, fixed deposits, etc. Certain banks may also be preferred by your favorite app, making it easier to have an account there.
Whatever your reasons are, knowledge and careful consideration will enable you to make a better choice. Companies that help you open bank accounts do more than submit documents. The reliable ones will advise and guide you on the most suitable type of bank for your specific needs. This means taking into account location, facilities, and products, as well as the costs you may incur.
We’ve put together some facts, addressed a few issues, and sourced a list of the best service providers. It’s all you need to get started on the right footing.
What Is Personal Bank Account Opening?
A personal bank account is different from a joint account or a business or corporate account. As the name implies, personal bank accounts are for personal banking, and only one person owns the account. Strictly speaking, personal bank account opening in Malaysia is usually for non-business purposes.
Personal bank accounts can be conveniently opened online if you are a Malaysian national or have permanent residence status. Non-residents will need to show proof of residential address, a copy of a passport, etc. They will also need to present themselves at the bank physically.
When opening a personal bank account, consider what kind of service you may require. A current account, for example, does not earn interest but facilitates ease of payment. You can issue cheques or link the account to your debit card. Conversely, a savings account is great for savings as it earns annual interest.
Why Do You Need Personal Bank Account Opening?
Having a personal bank account is essential in so many ways, the least of which is paying your bills. A digital wallet is convenient but does not offer as many facilities as a bank account. There are usually no transaction limits, and you can better manage cash flow by issuing cheques.
Hence, personal bank account opening in Malaysia is a crucial move in your money management strategy. It is a useful way to ensure your money is safe, earning interest, and available at the drop of a pin.
Where Should I Find the Best Personal Bank Account Opening?
Once you’re ready to get your bank account set up, it’s time to commit to action. Whatever your needs, finding the best personal bank account opening service is the safest way to get it done. In our top ten list of companies, you will encounter professionals who are experts at what they do.
Our carefully curated list features some of the finest service providers in the industry. They will help you navigate the ins and outs of banking so that you get the best possible solution.
Here are the Top 10 Best Personal Bank Account Opening in Malaysia
HSBC
| Company Name: | HSBC |
| Website: | https://www.hsbc.com.my/accounts/digital-account-opening/ |
| Email Address: | complaints@hsbc.com.my |
| Address: | Level 2, Menara IQ, Lingkaran TRX, Tun Razak Exchange, 55188 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur |
| Operating Hours: | Monday to Friday: 9:30 AM-4PM |
Standard Chartered Bank
| Company Name: | Standard Chartered Bank |
| Website: | https://www.sc.com/my/personal/ |
| Email Address: | ComplaintResolution.Malaysia@sc.com |
| Address: | Equatorial Plaza, Jln Sultan Ismail, 50250 Kuala Lumpur |
| Operating Hours: | Monday to Friday: 9:15 AM-5PM |
CIMB Bank
| Company Name: | CIMB Bank |
| Website: | https://www.cimb.com.my/en/personal/day-to-day-banking/accounts/savings-account.html |
| Email Address: | mybusinesscare@cimb.com |
| Address: | 11, Jln Raja Laut, Kuala Lumpur City Centre, 50350 Kuala Lumpur, Federal Territory of Kuala Lumpur |
| Operating Hours: | Monday to Friday: 9:15 AM-4:30 PM |
Hong Leong Bank
| Company Name: | Hong Leong Bank |
| Website: | https://www.hlb.com.my/en/personal-banking/deposits/apply-at-hlb.html |
| Email Address: | cmp@hlbb.hongleong.com.my |
| Address: | Wisma Hong Leong, Level 1, 18, Jalan Perak, Kuala Lumpur, 50450 Kuala Lumpur |
| Operating Hours: | Monday to Friday: 9:15 AM-4:30 PM |
Maybank
| Company Name: | Maybank |
| Website: | https://www.maybank2u.com.my/maybank2u/malaysia/en/personal/accounts/savings_account_listing.page |
| Email Address: | mbbcardservices@maybank.com.my |
| Address: | 100, Jalan Tun Perak, Bukit Bintang, 50050 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur |
| Operating Hours: | Monday to Friday: 9:30 AM – 4:00 PM |
OCBC
| Company Name: | OCBC |
| Website: | https://www.ocbc.com.my/personal-banking/deposits/ocbc-online-acc-opening/index.html |
| Email Address: | callcentre@ocbc.com |
| Address: | 18, Jalan Tun Perak, City Centre, 50050 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur |
| Operating Hours: | Monday to Friday: 9:30 AM-4 PM |
UOB
| Company Name: | UOB |
| Website: | https://www.uob.com.my/personal/save/savings/one-account/one-account-index.html |
| Email Address: | uobcustomerservice@uob.com.my |
| Address: | 10, Jln Raja Laut, Chow Kit, 50350 Kuala Lumpur, Federal Territory of Kuala Lumpur |
| Operating Hours: | Monday to Friday: 9 AM – 5:30 PM |
Public Bank
| Company Name: | Public Bank |
| Website: | https://www.pbebank.com |
| Email Address: | customerservice@publicbank.com.my |
| Address: | Ground Floor, 146, Jln Ampang, Kampung Baru, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur |
| Operating Hours: | Monday to Friday: 9:30 AM – 4 PM |
Alliance Bank
| Company Name: | Alliance Bank |
| Website: | https://www.alliancebank.com.my/Personal/Banking/Current-Accounts/alliance-saveplus-account |
| Email Address: | info@alliancefg.com |
| Address: | 8, Jalan Munshi Abdullah, City Centre, 50250 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur |
| Operating Hours: | Monday to Friday: 9:15 AM – 4:15 PM |
RHB Bank
| Company Name: | RHB Bank |
| Website: | https://www.rhbgroup.com/index.html |
| Email Address: | customer.service@rhbgroup.com |
| Address: | Level 1, Tower Two, RHB Centre, 426, Jln Tun Razak, Royal Selangor Golf Club, 50400 Kuala Lumpur, Federal Territory of Kuala Lumpur |
| Operating Hours: | Monday to Friday: 9:15 AM – 4:15 PM |
End of List on the Top 10 Best Personal Bank Account Opening in Malaysia
Malaysia Brand Assistance
Need help on finding the Best Personal Bank Account Opening in Malaysia? Reach out to us by letting us understand your requirement and Malaysia Brand refer you to the right provider in Malaysia to discuss further your needs.
