Putrajaya

Types of Banking Services Available

1. Personal Banking:

   • Savings Accounts
   • Current Accounts
   • Fixed Deposits
   • Personal Loans
   • Credit and Debit Cards
   • Online Banking Services

2. Business Banking:

   • Business Accounts
   • Business Loans
   • Trade Financing
   • Merchant Services
   • Corporate Credit Cards

3. Investment Services:

   • Unit Trusts
   • Investment Accounts
   • Wealth Management Services

4. Islamic Banking:

   • Shariah-compliant banking products and services are widely available, including savings accounts, investment accounts, and financing options.

Major Banks Operating in Putrajaya

1. Maybank: One of the largest banks in Malaysia, offering a wide range of personal and business banking services.
2. CIMB Bank: Known for its competitive rates and comprehensive banking solutions.
3. Public Bank: Offers a variety of personal and commercial banking services.
4. RHB Bank: Provides a range of banking products, including Islamic banking services.
5. Bank Islam: Specializes in Shariah-compliant banking products.

Account Opening Procedures

1. Documents Required:

   • For Malaysians: MyKad (National Identity Card), proof of address (utility bill, etc.), and income proof (salary slip, etc.).
   • For Foreigners: Passport, visa, proof of address in Malaysia, and sometimes a letter of employment or student status.

2. Steps to Open an Account:

   • Visit the bank branch of your choice.
   • Fill out the account opening form.
   • Submit the required documents.
   • Deposit the minimum required amount (varies by bank and account type).
   • Wait for account approval (usually immediate for basic accounts).

3. Online Account Opening: Some banks offer online account opening services. Check the bank’s website for specific procedures.

Associated Costs

• Minimum Deposit: Varies by bank and account type; typically ranges from RM 20 to RM 1,000.
• Monthly Fees: Some accounts may have maintenance fees, which can be waived if a minimum balance is maintained.
• Transaction Fees: Charges may apply for interbank transfers, ATM withdrawals from other banks, and international transactions.
• Overdraft Fees: If applicable, fees for overdraft services will vary by bank.

Operating Hours

• Bank Branches: Generally open from 9:30 AM to 4:30 PM, Monday to Friday. Some branches may open on Saturdays from 9:30 AM to 12:30 PM.
• ATMs: Available 24/7.
• Online Banking: Accessible anytime.

Local Considerations and Tips

1. Language: While Malay is the official language, English is widely spoken in banking services. Most staff can assist you in English.
2. Banking Apps: Download your bank’s mobile app for easy access to online banking, bill payments, and fund transfers.
3. Currency Exchange: If you need to exchange currency, banks offer competitive rates, but you can also find currency exchange kiosks in shopping areas.
4. Safety: Use ATMs located in well-lit, busy areas, and be cautious of your surroundings when withdrawing cash.
5. Customer Service: If you have any issues, banks typically have customer service hotlines and online chat support.

Conclusion

Banking in Putrajaya is straightforward, with several major banks offering a variety of services to meet your needs. Ensure you have the necessary documentation ready when opening an account, and familiarize yourself with the fees and services offered by different banks. Utilizing online banking and mobile apps can significantly enhance your banking experience. If you have any specific questions or need further assistance, feel free to ask!