Basic Savings Account-i is based on the Shariah contract of Qard. Qard refers to a contract of lending money by a lender to a borrower where the borrower is bound to repay an equivalent amount to the lender. Ownership of the money belonging to the lender is transferred to the borrower and the borrower is obliged to repay the lender in full.

Customer as lender lend his money to Maybank Islamic as borrower.


Features

  • Based on the contract of Qard (Loan) **
  • The Bank may at its discretion pay hibah (gift) to the depositors
  • No service or maintenance charge as long as a minimum balance of RM20 is maintained
  • Free mini statement
  • Option 1
    *"Pay-as-you-use" (no annual fee):
    • 6 over-the-counter (OTS) visits
    • 8 free ATM cash withdrawals ( on the 9th withdrawal onwards, RM0.50 will be charged plus prevailing GST rate)
    • No fee shall be imposed for non-cash withdrawals transactions (e.g balance inquiry or fund transfer within Maybank)
    • First 2 GIRO transactions via over-the-counter in a month at a fee of RM0.50 plus prevailing GST rate per transaction and RM2.00 plus prevailing GST rate from the 3rd transaction onwards.
    • GIRO transaction via M2U, M2U Mobile and MyMobile, the charges imposed is RM0.10 plus prevailing GST rate per transaction.
  • Option 2
    **Payment of RM8.00 annual fee plus prevailing GST rate :
    • Unlimited OTC transactions and ATM cash withdrawals
    • First 2 Interbank GIRO transactions via over-the-counter in a month at a fee of RM0.50 per transaction plus prevailing GST rate and RM2.00 plus prevailing GST rate from the 3rd transaction onwards.
    • GIRO transaction via M2U, M2U Mobile and MyMobile, the charges imposed is RM0.10 plus prevailing GST rate per transaction.
  • Earn Treatspoints with Maybankard Visa Debit
  • Option of online banking via Maybank2u.com

    **Effective 7 October 2017


Who can apply

  • Malaysians and permanent residents
    • Basic Savings Account-i (BSA-i) - adult above 18 years old
    • Basic Savings Account Trust-i (BSA-i Trust) - children below 18 years old with parents or legal guardians below 60 years of age
    • Basic Savings Account Minor-i (BSA-i Minor) - teenagers aged 12 to below 18 years old


Required documents

For Personal/Joint accounts

  • MyKad (IC) / Police or Armed Forces ID Card (i.e personal /joint accounts)
  • Birth Certificate and MyKid (i.e for in-trust and minor accounts)

Please also bring along any of the following secondary supporting documents:-

  • Valid Passport (if IC is produced as a Primary document)
  • Valid driving licence
  • Utility bills (e.g. water/electricity/telephone bills, Quit Rent, Assessment Notice) in the name and address of the customer opening the account
  • Letter of employment
  • Credit card

Please choose a branch located near your home or place of work.


Fees & charges

  • Replacement of ATM/bankcard: RM12
  • Early closure of account within 3 months of account opening: RM20 plus prevailing GST rate
  • Cash withdrawals at ATMs via MEPS RM1/ withdrawal plus prevailing GST rate.

View all banking fees