BSN GIRO-i Savings Account-i (Teenager)

Advance your teenager's financial and money savings skill with an Islamic Savings Account based on Wadiah principle. Be smart with cash management via online banking, ATM machine or debit card and Visa PayWave

BSN GIRO-i Savings Account-i (Teenager)
Profit Rate
0.25% p.a.
Account Type
Islamic
Min. Deposit
RM50
Account Statement
Available

Profit Rate

What you earn based on the amount that you have in your account

Min. AmountMax. AmountProfit Rate
RM50No maximum0.25% p.a.

Features

What would make it different?

Online Banking
myBSN
SMS Transaction Alert
Available
ATM Card
Available

Fees & Charges

MEPS Withdrawal Fee
RM1

Requirements

Minimum Age
  • 13 to 15 years old
Minimum Initial Deposit
RM50
Minimum Balance
RM10
Who can apply
  • Malaysians
  • Foreigners

More Information

What is the BSN GIRO-i Savings Account-i (Teenager)?

Like the product name suggests, this is an Islamic savings account from BSN that is targeted to the teen in the house. Financial management might not tickle their fancy, but earning a percentage on money that they save might be a game changer.

What does my teenager get from this account?

The bank offers teens access to SMS and Online banking via myBSN for their convenience with a range of services such as making online banking transactions to track previous banking transactions and fund transfers - this should be great news, because they'll be staring at their computer screens all day anyway!

Your child will also be offered an ATM/debit card, either the BSN Matrix Card or BSN Visa Debit Card - need lunch money? or some extra cash for those new pair pants? They can just withdraw from any BSN ATM machine; no longer will they need to give you the puppy-eyed look!

But of course, to ensure that they do not overspend, you can also track their transactions online or offline using a passbook and account statement that can be posted straight to your house.

Can teenagers open an account themselves?

Yes, since this is a teenager savings account, those between the ages of 13 and 15 can walk into any BSN branch to open a GIRO savings account. The minimum initial deposit is RM50, while you must maintain RM10 as your account balance.

Any fees and charges I need to be beware of?

The maximum withdrawal amount limit is at RM1000 which is up to 3 transactions per day. As mentioned above, the account balance must be at least RM10, otherwise, the account will be closed and your balance forfeited. On the other hand, the service charge is RM10 per year for the any balance above RM10.

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