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HASSLE-FREE
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LOW DEPOSIT
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IDEAL FOR SMALL BUSINESSES
Low Initial Deposit
Open your account with just RM500.
Monthly E-Statement
Keep track of your finances.
Eligibility
- Only applicable to Malaysian citizens and permanent residents, age 18 years and foreigners with valid documentation.
- This account is also applicable to Small and Medium Enterprises (SMEs).
- Minimum RM500 to open the account.
Cheque Book Facility
Cheque book will be provided.
Easy Access
Nationwide branches, ATM, Phone Banking and Hong Leong Connect.
Note: This account does not come with Overdraft facility.
Eligible for protection by PIDM
| 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 |
RM5.30 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 |
RM20 (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 |
RM0.50 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 Basic Current Account (No activity for 12 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 |
| 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 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 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 One Account Overdraft (OD) Facility | |||
| 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 |
| 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 |
| 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 | |||
| 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 |
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