HSBC Malaysia (My)

By: EconomyWatch Content   Date: 30 October 2009

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HSBC Malaysia (My) is the first foreign bank to be incorporated locally in Malaysia in 1994. It is the largest foreign bank in the country as of October 2009. HSBC Bank Malaysia Berhad has 40 branches across Malaysia and provides a wide range of personal and commercial banking services, including Islamic financial services. HSBC Amanah Malaysia Berhad is the Islamic banking subsidiary of the Hong Kong and Shanghai Banking Corporation Limited.

HSBC Malaysia (My): History 

Malaysia opened its first HSBC bank in 1884 in Penang. Afterwards, it evolved into 40 branches at various places, including Ipoh, Malacca, Johore Bahru, Kuala Lumpur, Kota Bharu, Sungai Petani, Kuantan, Muar, Kuala Terengganu, Kota Kinabalu, Sandakan, Tawau, Labuan, Kuching and Sibu. In 1959, HSBC Malaysia acquired the country’s oldest Mercantile Bank and alliances (established in 1860).

HSBC Malaysia (My): Services

HSBC Malaysia (My) offers the following services:

Interbank GIRO (IBG): This service allows customers to make payments and transfer funds from other banks. Outward payment can be done through MEPS IBG Outward Fund Transfer and inward fund transfer can be performed via MEPS IBG Inward Fund Transfer with a mouse click.

Self-Service Banking: This is a 24-hour service that includes the use of Automated Teller Machine (ATM), Express Cash Deposit Machine (ECDM), Check Deposit Machine and Check Scanning Machine (ChequeScan).

Telebanking: This service is available 24 hours a day and aims at solving customer queries and performing several banking tasks on their behalf.

HOUSe: Under this facility, customers can withdraw cash from any HSBC, Standard Chartered OCBC or UOB Bank ATMs.

Trustee Services: The bank serves as a trustee for the settlers and offers them various wealth solutions during their lifetime and also upon death. A trust fund may include cash, securities, shareholdings, real properties or other assets.

Will Writing: This service ensures that upon your death, your assets get distributed among your loved ones in a manner that you want

Interest Rates Updates: Under this service, customers are entitled to receive the latest interest rate updates on their HSBC deposit accounts.

HSBC Malaysia (My): Group Companies

The HSBC Malaysia (My) group includes:

  • HSBC Amanah Malaysia Berhad

  • HSBC Amanah Takaful (Malaysia) Sdn Bhd

  • HSBC Electronic Data Processing (Malaysia) Sdn Bhd

  • HSBC (Malaysia) Trustee Berhad


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