Why Should Everyone Open Online Banking Account Malaysia?

open online banking account Malaysia
Internet Banking Online Payment Technology Concept

2022 is almost end the year and technology also has transformed our lives, society, and also almost every aspect in the industry. The banking and finance industry does not disregard the advancement of technology and the internet to make sure its currently existing customers and its new potential customers have a smoother and easier process while doing money transactions. Therefore, the banks in every part of the world have modernized these processes by introducing the online banking accounts. Banks in Malaysia, including Hong Leong Bank does offer its customers the option to open online banking account Malaysia too.


What Is The Online Banking?

Online banking is the other version of modernized physical banking. If you need to go to one of the branches bank that you have signed up for or any automated teller machine (ATM)  in order to withdraw a good amount of money or to transfer cash to another banking user, that is what we called as physical banking. Meanwhile, in other situations such as online banking, it allows you to access your bank account with a registered account and created a password by you, not forgetting the good Internet connection too. With the online banking, you could easily stay at your home or lay on your bed, or sit on your favorite chair to transfer or withdraw money.

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Benefits of Opening An Online Banking Account Malaysia

With the introduction of the version of online banking account in  Malaysia, you may experience the certain parts of your daily activities in life that may be much easier and more convenient compared to your experiences in which you need to start the engine of your vehicle, dress up, gather moods to queue up for the purpose of withdrawing or transferring the money. Here are several benefits that you may directly experience if you open an online banking account:

hong leong bank - Why Should Everyone Open Online Banking Account Malaysia?

(i)                  Pay your bills with one click of touch


As aforementioned, the purpose of the online banking and registering an account is to make your day much more easier through the swift processes of transferring and withdrawing cash. By signing up and transitioning to the online banking, you may pay your bills such as electricity bill, water bill, Internet subscription bill, university or school payment with an express way. You would not feel burdened to dedicate your time or any day just for the sake of going to the physical bank in order to pay all those bills.


(ii)                Receive your education fund with a secure transaction

Online banking account becomes an essential thing for students especially students who are pursuing their studies in the higher tertiary education, such as university and college students. Once you have successfully accepted to pursue your higher tertiary education level at any university or college in Malaysia, your university or college administrators may advise you to register and open the online banking account. This shows how important it is to open the online banking account and it will be beneficial for you,  given the fact that you will receive your education fund such as the scholarship or education loan through a secure transaction of online banking.

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(iii)              Buy your favourite and essential things with an express payment


Online banking account is not only beneficial for people who have the commitments or students, but also to the general people regardless of your profession. You may aware of the change in purchasing products in the malls or grocery shops, such as now they have  the option to pay ‘’cashless’’. You may already witness how swift it is and fast it is certain customers pay for their things. One of the contributions to this express payment is that they have the online banking account and linked their e-wallet to their online banking account in order to create a seamless payment.



You already know the good reasons to register an online banking account. If you don’t have opened and registered any, you may go to one of the bank branches that you’ve signed up to open online banking account Malaysia.