Malaysian Banks which provide Online Banking Services

Online banking is a form of banking service in which clients can perform fund transactions and bank customer services online. Due to the convenience offered by such services, commercial banks across the globe are adopting the technology to make services smooth and efficient. Malaysia as one of the fastest-growing markets in South East Asia is no exception from this growing trend. This is great news only for the local Malaysian, foreigners or expats may find it effortless, especially conducting overseas transactions and investments. There are 27 commercial banks established in the country and all of them provide online banking services as of 2021. Thus, let me present the commonly known reliable commercial banks with online banking services by locals that are worth introducing to expats. 

personal account online banking Malaysian
  1. Public Bank

The bank is named “Public Bank Berhad” which was founded by Teh Hong Pow in 1966. Its headquarter sits in Kuala Lumpur, Malaysia while serving the Asia-Pacific region with financial services provided. The Grade Agency Malaysia assigned Public Bank a long-term AAA rating. The Public Bank Group is well-known for its solid financial performance and responsible management. It constantly receives high credit and financial ratings from domestic and international rating organizations. It provides e-banking services through its web PBeBank, which also includes a mobile app for added convenience.

  1. Maybank

The bank is Malaysia’s most prestigious bank serving several markets in South East Asia as a universal bank. Founded in the 1960s by a Singaporean Businessman, Khoo Teck Puat, the headquarter currently sits in the capital city of Malaysia, which houses a building known as Menara Maybank. The bank has also received numerous awards and recognitions over the past years. The most recent award of the bank was the 2018 award by Brand Finance Banking 500 Brand Value Report as the most valuable bank brand in Malaysia for three consecutive years. Besides that, the online banking service provided is one of Malaysia’s leading banks’ E-Banking portals and has won several awards as the top 10 online sites in Malaysia. 

  1. CIMB Bank

The bank is known as CIMB Group Berhad is another Malaysian universal bank that was founded in 2006, with its headquarter sitting in Kuala Lumpur as well. The bank also acts as an indigenous ASEAN region investment bank that is served by more than 10k branches throughout countries, like Singapore and Thailand. CIMB Bank’s internet presence is provided through its CIMB Clicks platform, where clients may conduct all sorts of financial activities.

  1. RHB

RHB or RHB Capital Berhad was founded in 1997 after the following merger of Kwong Yik Bank and DCB Bank. As the fourth-largest fully integrated financial services group in Malaysia, the bank offers financial products and services through its main subsidiaries – RHB Bank Berhad, RHB Investment Bank Berhad, OSK Investment Bank Berhad, RHB Insurance Berhad, and RHB Islamic Bank Berhad – while asset management and unit trust operations are handled by RHB Asset Management Sdn. Bhd. and RHB Islamic International Asset Management Berhad. Plus, RHB provides all sorts of online services across the nation with its sites that allow customers to perform from transfer funds to manage accounts.  

  1. Hong Leong Bank

Last but not least, Hong Leong Bank is a public list bank group in Malaysia. The bank was first begun its operation in 1906 by Kwong Lee Mortage Company in Kuching, Sarawak, East Malaysia. It now boasts one of the largest client bases in Malaysia, as well as services in other countries such as Singapore and Vietnam. Its e-banking service is provided by Hong Leong Connect which consists of various online services, like fund transfer and bill payments.

For more financial advice and service that you need, visit personal account online banking Malaysia for more details. 

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