Bank Muamalat 1Malaysia
 
   
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Deposit
Basic Current Account (BCA)
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* Eligible for protection by PIDM

As the name implies, Basic Current Account is based on the requirement by Bank Negara Malaysia (BNM) to enable all Malaysians especially the lower-income group to enjoy basic banking services at very minimal cost. It is opened for all Malaysians and permanent residents with minimum initial deposit requirement. Our Basic Current Account applies the Shariah concept of Al-Wadiah Yad Dhamanah (refers to a contract by which an owned asset is placed with another party on the basis of trusteeship for safekeeping purposes).

Eligibility

Individuals aged 18 years and above
Malaysian citizens and permanent residents

Features and Benefits


Minimum initial deposit of RM500 (Five Hundred Ringgit) only
The opening of account is subject to Banks approval and with a proper introducer
A chequebook will be issued and an ATM card is available upon request
Under the concept of Al-Wadi’ah Yad Dhamanah, hibah, if any, shall be issued at the discretion of the Bank
Full Automated Teller Machine (ATM) functions at all Bank Muamalat machines or machines bearing MEPS/BANKCARD logo throughout the country (for card holders only)
Available for joint account
For an initial deposit amount of RM5,000 (Five Thousand Ringgit) and above, customer is automatically entitled for a free Takaful Personal Accident (PA) coverage and funeral expenses for one year beginning from the date of account opening (subject to the Bank’s discretion)
First two transactions for monthly Inter-Bank GIRO (IBG) will be charged RM0.50 (Fifty Sen) only each while thereafter, RM2.00 (Two Ringgit) of normal fee will be charged
For an initial deposit amount of RM5,000 (Five Thousand Ringgit) and above, customer is automatically entitled for a free Takaful Personal Accident (PA) coverage and funeral expenses for one year beginning from the date of account opening (subject to the Bank’s discretion)
Insured by PIDM up till RM250,000 (Two Hundred Fifty Thousand Ringgit Only)

*Terms and conditions apply.

Product Disclosure Sheet
Rules & Regulations

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