Online Internet Banking in Malaysia
You have heard of Online Banking. Does your bank
offer this facility? Are you taking advantage of the online banking
through Internet? Well, it's time to look at what
options you have and what benefits you can reap from this e-facility.
What is Online Banking?
Like the idea of managing your bank accounts, paying all kind
of bills online? Forget about going to the bank, press button for
a queue number, sit (worse still, stand in the queue) and wait for
your turn. The idea of online banking is just taking the advantage
of the interconnected infrastructure (in this case, the Internet),
which connects you (through your computer in your house, office or
anywhere) to your bank. With a proper secure authentication
process, you are connected to your bank and you may choose the
various transaction like balance inquiry, fund transfer, bill
payments, loan applications and even stock or mutual fund trading.
Generally, these service are offered to customers for free
although some banks may charge a minimal fees for each
What is the benefit of Online Banking?
Convenient and Flexibility. You can do the banking from your
computer anywhere, anytime. Most of the bills (eg.: Electricity
bill, phone bills, water bill, credit card payment & others)
can be paid using online banking.
Is it safe to use Online Banking?
is a real concern as we heard of many "hacking" cases in
the cyberspace. Well, a proper security features &
authentication process, online banking can be safe. The general
security features for online banking
1. Strong Encryption (128-bit)
This will make sure all data sent to and from
the bank is "scrambled" and
"reassembled" between the bank and your personal
computer to protect your personal and financial information.
2. Personal Identification Number (PIN)
You will be given a PIN and this PIN must be entered every time you log on.
3. Automatic Time Out
When there is no activity for a preset time
(eg. 5 minutes), the bank's computer will terminate
your session to help protect against
Which banks provide online banking facility in Malaysia?
Seeing the benefit of the cost cutting features of the
Internet Banking and the internet's popularity, most of the banks
are already introducing this facility.
List of banks with Internet Banking and
Mobile Banking Services in Malaysia (by Bank Negara Malaysia)
List of banks
Insurance Companies in Malaysia
Credit Cards (MasterCard, Visa,
AMEX)Issuer in Malaysia
Banking Technology Congress in Malaysia
| Top | Search for a