SAVING & CURRENT ACCOUNT

* BASIC BANKING SERVICES• Over the counter• ATM• Deposits Machines• Interbank Giro• Internet Banking

Things to remember!!!• Keep your account numb and PINs confidential;• Keep your account statements, passbook & ATM card in a safe & secure

place ;• Destroy or shred cancelled cheques

FINANCIAL MEDIATION BUREAU (FMB)• Independent Body to settle disputes, complaints or

claims between you and your financial service providers.

• Matters that will not be considered by FMB Pricing Product policies and services Credit decision Cases over 6 years Cases under litigation

MALAYSIA DEPOSIT INSURANCE CORPORATION (PIDM)• Protect depositors against loss of deposits• Automatic Protection • Protects deposits in FIs regulated by BNM

ISLAMIC BANKING

• Follow Shariah Principles;

• Prohibits riba (interest), usury (trading in financial risk) and haram (unlawful business ventures);

• Follow Islamic concepts like profit sharing (mudharabah), safekeeping (wadiah), joint ventures (musharakah), cost plus (murabahah) and Leasing (ijarah).

• Islamic Banking is for all regardless of religious beliefs

BANKING INTERNET • Secure banking

i. Keep print out of transactionsii. Keep Login ID confidentialiii. Change password regularlyiv. Do not store Login ID and password in PCv. Make sure login at correct websitevi. Do not leave computer unattendedvii. Have anti virus protectionviii. Always log out after each sessionix. Don’t open other web browser while banking online

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QuestionsFor Chapter 3