What is Internet banking?
Internet banking allow us to manage personal finance through "clicks" at anytime (24 /7 ) anywhere (as long as it's earth) with Internet access. So, bank users save the time to queue and convenience from Internet banking service.
Internet banking allow us to manage personal finance through "clicks" at anytime (24 /7 ) anywhere (as long as it's earth) with Internet access. So, bank users save the time to queue and convenience from Internet banking service.
Who provide Internet banking service?
Currently, only banking institutions licensed under the banking and financial institutions act 1989 and the Islamic banking act 1983 are allowed to offer Internet banking services in Malaysia. For more details on which bank offering such services, visit here.
How to be an user?
Firstly, you need to have an account with a financial institutions. Then, the details on the application procedures are available on the banking institutions' websites.
What type of services available online?
Various transaction such as
1. Check balance and statements.
2. Submit applications for new accounts, credit cards or loans.
3. Place fixed deposits.
4. Transfer funds between accounts (own and 3rd party).
5. Create, change and cancel standing orders.
6. Request for cheque books and statements.
7. Check status or stop payment of your cheques.
8. Apply for bank draft and telegraphic transfer.
For the full lists of services offered and the additional features and channels that are available, you must check it with your banking institutions.
Before you sign up
1. Read and understand the terms and conditions
2. Make sure the terms and conditions fair to both parties (eg: information on who will be liable for unauthorised or fraudulent transaction/ information relating to how to lodge a complaint and how the complaint being investigated and resolved)
3. Knowing and understand your rights, responsibilities as well as the risk involved in using Internet banking services.
Minimize your Internet banking risk
1. Do not reveal your login ID, password and PIN.
2. Check for the right and secure website.
3. Add a second level of authentication and secure your transaction.
4. Protect your personal computer form virus, hackers, and malicious programme.
5. Be careful when downloading software.
6. Do not leave your computer unattended while logged in.
7. Always remember to log off.
8. Clear transaction records (cookies, history, etc)
If you have further questions, visit to bankinginfo site.
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