Hong Leong Bank - Basic Current Account

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  • Basic Current Account
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Start banking with the basics

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Features & Benefits

  • Features & Benefits
  • Fees and Charges
  • Current Account/ BizOne Current Account Fees & Charges
  • Terms & Conditions

Low initial deposit

  •  You can open your account with just RM500
  • Cheque book facility
  • Cheque book will be provided upon opening of account
  • Free monthly account statement

 

This account does not come with Overdraft facility.

 

More details

Less details

Member of PIDM. Protected by PIDM up to RM250,000 for each depositor.

Description / Service
Charges / Fees
Over-the-counter (OTC) Visits (per month)
 
First 6 OTC visits 
Free
From the 7th OTC onwards
Waive until further notice
Interbank GIRO (IBG)
 
Online
RM0.10 per transaction
Over-the-counter
RM0.10 per transaction
Close Account
RM20 (within 3 months from opening)
Dormant Account 
(no activity for 6 months and above)
 
Balance of RM10 and below:
Account closed and balance absorbed as charge
Balance above RM10:
RM10 yearly
Service Fee
(where average balance for half year is below RM1,000)
RM10 half yearly (June and December)
Cheque Book Application
No charge except for stamp duty
Description / Services
Fees / Charges (Exclusive of GST)
GST (6%)
Fees / Charges (Inclusive of GST)
Cheque Book Application
For personal accounts
No charge for the first 2 cheque books in a calendar month (except for stamp duty of 15 sen per cheque leaf)
N/A
No charge for the first 2 cheque books in a calendar month (except for stamp duty of 15 sen per cheque leaf)
RM10 for 3rd and subsequent cheque books within the calendar month
(Stamp Duty of 15 sen per cheque leaf applies for all cheque books)
RM0.60 per cheque book
RM10.60 for 3rd and subsequent cheque books within the calendar month
(Stamp Duty of 15 sen per cheque leaf applies for all cheque books)
For non-personal accounts
No charge (except for stamp duty of 15 sen per cheque leaf)
N/A
No charge (except for stamp duty of 15 sen per cheque leaf)
For Basic Current Account
No charge (except for stamp duty of 15 sen per cheque leaf)
N/A
No charge (except for stamp duty of 15 sen per cheque leaf)
Returned Cheque due to:-
Insufficient Funds
RM150
RM0.00
RM150
Technical Reasons (eg. postdated, alterations)
RM10 per cheque
RM0.00
RM10 per cheque
Stop Payment
Upon request
RM10 per cheque
RM0.60
RM10.60 per cheque
Due to loss of cheque book
RM10 per instruction
RM0.60
RM10.60 per instruction
Upon presentation of stop payment cheque:-
if sufficient funds
RM10
RM0.60
RM10.60
if insufficient funds
RM150
RM9.00
RM159
Statement Request
Weekly statement request
RM20 per month
RM1.20
RM21.20 per month
Ad Hoc statement request
     
For statement up to one year ago
RM10 per request
RM2 per page
RM0.60
RM0.12
RM10.60 per request
RM2.12 per page
For statement of more than a year ago
RM10 per request
RM5 per page
RM0.60
RM0.30
RM10.60 per request
RM5.30 per page
Hold Mail Request
RM20 per month per mail
RM1.20
RM21.20 per month per mail
Cash Cheque at domicile branch
1st party (by account holder) encashment
No charge
N/A
No charge
3rd party encashment
RM2 per encashment
RM0.12
RM2.12 per encashment
(No charge is applied to company representative/s encashing cheques on behalf of the company)
Interbranch Cheque Encashment
3rd party encashment
Cheque amount RM5,000 and below:
RM5 imposed on payee
RM2 imposed on drawer
RM0.30
RM0.12
RM5.30 imposed on payee
RM2.12 imposed on drawer
Cheque amount above RM5,000:
RM7 imposed on payee
RM2 imposed on drawer
RM0.42
RM0.12
RM7.42 imposed on payee
RM2.12 imposed on drawer
Basic Current Account
Over-the-counter (OTC) Visits (per month)
First 6 OTC visits
Free

N/A

Free
From the 7th OTC onwards
Waive until further notice
N/A
Waive until further notice
Service Charge
Where average balance for half year is below RM1,000
(other than Smartlink/ Pay & Save/ Flexi One/ One Account)
RM10.00 every half year (June & December)
RM0.60
RM10.60 every half year (June & December)
Hong Leong Smartlink Account / Hong Leong Pay&Save Account where average balance for half year is below RM200;
RM5.00 every half year (June & December)
RM0.30
RM5.30 every half year (June & December)
Hong Leong One Account and Flexi One Account where average monthly balance is below RM1,000;
RM5.00 per month
RM0.30
RMN5.30 per month
Where average balances of all Deposit Accounts of a Priority Banking Customer falls below RM100,000 for 3 consecutive months
RM50
RM3.00
RM53
Close Account
Basic Current Account
RM20 (within 3 months from opening)
RM0.00
RM20 (within 3 months from opening)
Normal Current Account (not applicable for Mudharabah based concept)
RM20 (within 6 months from opening)
RM0.00
RM5.20 (within 6 months from opening)
Redesignation of Special Account for bad cheque offenders
RM50
RM3.00
RM53
Changes to Account
Change of operating mandate
RM10 per account
RM0.60
RM10.60 per account
Addition of joint account holders
RM10 per account
RM0.60
RM10.60 per account
SMS Notification
Applicable for Hong Leong One Account only
M0.50 per SMS (no charge for first 20 SMS alerts per calendar month)
RM0.03
RM0.53 per SMS (no charge for first 20 SMS alerts calendar per month)
Applicable for all accounts
RM5 monthly for Individual account 
RM10 monthly for Non-Individual account
RM0.30
RM0.60
RM5.30 monthly for Individual account 
RM10.60 monthly for Non-Individual account
Uncollected Cheque Book 
Individual Account
RM28.30 per cheque book
RM1.70
RM30.00 per cheque book 
Business Account
RM47.17 per cheque book
RM2.83
RM50.00 per cheque book
Printing special cheques
RM50 per printing or actual cost
RM3.00 or 6% on actual cost
RM53 per printing or actual cost + 6% on actual cost
Mandate for operating account
RM10 per Mandate
RM10 for stamp duty
RM0.60
RM0.00
RM10.60 per Mandate
RM10 for stamp duty
Sweeping from Hong Leong Flexi Fixed Deposit to Hong Leong Flexi One account
RM5 for every RM3,000 swept
RM0.30
RM5.30 for every RM3,000 swept
Dormant Current Account (No activity for 6 months and above)
Balance of below RM10.60
Account closed and balance absorbed as charge
N/A
Account closed and balance absorbed as charge
Balance of RM10.60 and above
RM10.00 yearly
RM0.60
RM10.60 yearly
Handling Charges on Representing Cheques
RM50 per cheque
RM3.00
RM53 per cheque

Hong Leong SmartLink Account:-

●   Cash withdrawal without cheque, or

●   Cheque encashment performed by 1st party at domicile or interbranch

RM5 per transaction
RM0.30
RM5.30 per transaction

Hong Leong Pay & Save Account:-

  • Cash withdrawal without cheque, or
  • Cheque encashment performed by 1st party at domicile or interbranch
RM5 per transaction
(This fee is currently waived until further notice)
N/A
RM5 per transaction
(This fee is currently waived until further notice)
Hong Leong One Account Overdraft (OD) Facility Fee
Prescribed Rate
(Interest payable on utilisation of OD)
1% p.a. above BLR on daily rest on the utilised OD amount
RM0.00
1% p.a. above BLR on daily rest on the utilised OD amount
Excess Rate
(Interest payable on overdrawn OD limit)
4% p.a. above BLR on daily rest on the amount drawn in excess of the approved OD limit
RM0.00
4% p.a. above BLR on daily rest on the amount drawn in excess of the approved OD limit
Commitment Fee
(Interest payable on unutilised OD in excess of RM250,000)
1% p.a. on daily rest on the unutilised OD amount.
RM0.00
1% p.a. on daily rest on the unutilised OD amount
BizOne Overdraft Facility (BizOne OD)
Prescribed Rate
(Interest payable on utilization of OD)
1.0%p.a. above 1-month BizOne FD's prevailing board rate on daily rest on the utilized OD amount.
RM0.00
1.0%p.a. above 1-month BizOne FD's prevailing board rate on daily rest on the utilized OD amount.
Excess Rate
(Interest payable on overdrawn OD limit)
4%p.a. above BLR on daily rest on the amount drawn in excess of the approved OD limit
RM0.00
4%p.a above BLR on daily rest on the amount drawn in excess of the approved OD limit
Commitment Fee
(Interest payable on unutilized OD)
1% p.a. on daily rest on the unutilized OD amount.
RM0.00
1% p.a. on daily rest on the unutilized OD amount
Mortgage Overdraft (OD) Facility Fee
Excess Rate
(Interest payable on Overdrawn limit)
4% p.a. above BLR on daily rest on the amount drawn in excess of the approved OD limit; or
6.8% p.a. above BR on daily rest on the amount drawn in excess of the approved OD limit
RM0.00
4% p.a. above BLR on daily rest on the amount drawn in excess of the approved OD limit; or
6.8% p.a. above BR on daily rest on the amount drawn in excess of the approved OD limit
Committee Fee
(Interest payable on unutilised OD in excess of RM250,000)
1% p.a. on daily rest on the unutilised OD amount.
RM0.00
1% p.a. on daily rest on the unutilised OD amount
Cheque Processing Fee
RM0.50 per issuance (This fee is in addition to the 15 sen stamp duty levied per cheque leaf)
RM0.03
RM0.53 per cheque
Hong Leong MyPAL
Convenience Fee
RM15 per usage
RM0.90
RM15.90 per usage
Late Payment Fee
RM1 every 3 days, up to a maximum of RM9
RM0.00
RM1 every 3 days, up to a maximum of RM9

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General Terms & Conditions Of Accounts

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