When it comes to deciding where to put one’s money, the options seem limitless. Over the past couple of years multiple banks have popped up all across Malaysia with a branch of some national bank occupying every other street corner. Due to this, many people are now facing a dilemma when it comes to choosing their banks because accessibility is no longer a driving force.
In recent years, mobile online banking in Malaysia has been gaining popularity. This can be attributed to the ease of transaction it provides as well as the increased security. Hence, a lot of people and businesses have started choosing their banks based on the amenities offered by the said banks’ online services.
Advantages of Online Banking.
- No Physical Locations.
- Speedy Process.
Using mobile online banking in Malaysia for the payment of bills or the opening of a bank account is much faster than in a traditional, brick and mortar bank. Once the patron has filled out some basic information, their bank account is opened and validated within minutes if not seconds. The process is hassle free and does not require the patron to fill out multiple forms with the same questions over and over again. It also does not require one to wait for at least two weeks while everything is approved for their bank account. Payment of bills is also faster in online banking. One does not need to stand for hours in a line with a physical copy of the bill and payment money and wait for their turn at the window. Online banking allows users to pay their bills on the go.
- Higher Interest Rates.
Mobile internet banks in Malaysia have the ability to offer higher interest rates to their patrons since the online version does not have additional expenditure in the form of building maintenance and office supplies for the workers.
- Next to No Fees.
Mobile online banking in Malaysia does not dabble in multiple, small transactions fees that it expects its patrons to pay every time a back related activity is completed.
- Phone Customer Services.
In addition to providing customer support in the form of forums where banking experts and managers answer questions regarding the issues being faced by the patrons, mobile online banking in Malaysia is also fully equipped with phone support. Those who prefer a human touch or cannot find an answer on the forums can call the helpline set up by the bank and get their answers.
Online Bank Account creation in Malaysia.
In order to carry out an online bank account creation in Malaysia for Hong Leong, the following steps must be followed,
- Scan the QR code from the official website of Hong Leong.
- Download the official online banking app of Hong Leong. ‘
- Launch the app once it has been successfully downloaded.
- Enter your NRIC.
- Choose Type of account.
- Scan the front of your ID card using the back camera of your smartphone.
- Add your photograph.
- Fill in the details asked for on the screen.
- Create username and password.
- Confirm username and password.
- Submit account.
Once all the aforementioned steps have been carried out, your bank account’s application will be put under review. Once everything has been verified, your online bank account creation will be complete.