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Basic Savings Accounts (BSA) and Basic Current Accounts (BCA) are offered at all banking institutions to Malaysians and permanent residents. These accounts can be opened under individual or joint names. Small and Medium Enterprises (SMEs) are also eligible to apply for BCAs. BSA and BCA operate in the same way as the ordinary savings or current accounts except that these accounts enable you to perform only basic transactions and at a minimal cost or free.

Similar to a normal current account, an individual must be 18 years or older to apply for a BCA. An individual is allowed to open one BSA and one BCA per bank while a SME is allowed to open one BCA per bank.
As a BSA and BCA holder, you are entitled to perform the following banking services via facilities offered by your banking institution:
  Type Nature of transaction Minimun transactions per month
Over the counter
visit (OTC)
Account enquiries, deposits, withdrawals,
funds transfer within the same bank and
bill payments
Balance enquiries
Funds transfer within the same bank
No limit
No limit
Deposit Machines**
Cheques deposits
Cash deposits
No limit
No limit
Interbank GIRO
Interbank funds transfer
(at RM0.5 per transaction)*
Internet Banking
Account enquiries
Bill payments
Funds transfer
No limit
No limit
No limit
*Additional transactions may incur a charge as determined by your banking institution.

** If deposit machine facilities are not available at the branch, deposit transactions can be made at the counter without charge, These transactions will not be counted in determining the total number of OTC services performed. In cases where self-serve deposit facilities are provided and you choose to make a deposit over-the-counter, this transaction will be considered as part of the OTC limit.

  You can open a BSA with an initial amount of not more than RM20. As for BCA, the initial amount is not more than RM500.
  When holding a BSA or BCA, you may incur fees and charges for maintenance of your accounts and like other personal savings accounts, you will also earn interest irrespective of the amount in your BSA.
To find out more, download our Info Guide on basic banking services.