For modern people, the existence of online banking is necessary. The advent of online banking has greatly facilitated the needs of modern people and it offers many benefits. As a Malaysian, you may also be considered to open online banking account Malaysia in Hong Leong Bank if you already have a traditional bank account. It is not a hassle, just a few clicks on your cell phone and you are done with the whole procedure. And the important point is that online banking services usually offer better interest rates. This is very cost-effective for savings accounts. In the following article, I will explain to you the benefits of opening an online banking account with Hong Leong Bank and how to open online banking account Malaysia.

Advantages of open online banking account Malaysia in Hong Leong Bank

The benefits of open online banking account Malaysia in Hong Leong Bank include: 

Easy to manage your money: By opening your online banking account on the internet, you can easily access and control your money in your account with just a few clicks on your cell phone or computer when you want to deposit or withdraw money. This can help you easily transfer money from one account to another, pay bills, make online purchases, and more.

Save time: Before you had an online banking account, you would have to take your card to the bank or a nearby ATM every time you needed to transfer money. But what if there is no bank or ATM near where you live, or if you have traveled a long distance before you realize you forgot your card? In this case, the benefits of internet banking come to the fore.

With online banking, as long as you remember your bank account and password, you can log into your bank account anytime, anywhere, and perform various operations including paying bills online, checking your bank balance, transferring funds between accounts, setting up automatic payments, and sending money to others. This is a huge time saver for modern people.

Higher interest rate returns: Another important benefit of opening an online banking account is the high-interest rate returns. Take Hong Leong Bank as an example, when you want to open online banking account Malaysia in Hong Leong Bank, the minimum opening fee is only RM20, and the interest is settled daily and paid every six months. This can give depositors a higher return on their cash savings.

How to open online banking account Malaysia in Hong Leong Bank

Step 1: Download Apply@HLB APP in Google Playstore or Apple Store

Step 2: Key in your NRIC number and mobile number

Step 3: Select the type of account you need

Step 4: Scan your MyKad and take a selfie

Step 5: Fill in your details to create your profile

After completing these steps, your application will be processed within 3 business days. Once your application is successful, Hong Leong Bank’s system will send you an email and SMS notification along with a 7-day deposit notice. Hong Leong Bank will send you a debit card within 14 days after you have successfully made the first deposit to your newly opened account via online transfer.