Maybank, PNB Launch Online Facility for ASB Investors

Tuesday April 21, 2009

PETALING JAYA: Malayan Banking Bhd (Maybank) and Permodalan Nasional Bhd (PNB) have jointly launched the country’s first online facility for making additional investments in Amanah Saham Bumiputra (ASB) units.

With this facility, ASB investors can top up their ASB account online via Maybank2u.com, without the need to visit a Maybank branch or Amanah Saham Nasional Bhd office.

The new service was launched by Prime Minister Datuk Seri Najib Tun Razak, after the official opening of the Minggu Saham Amanah Malaysia in Johor Baru yesterday.

A unique feature of this service is that it accepts additional investments to third party ASB accounts, thus allowing family members or guardians to invest for their loved ones.

PNB chairman Tun Ahmad Sarji said in a statement that the new service underscored PNB’s commitment towards making unit trust investment accessible to all. “The digital generation is comfortable with using the Internet for all manner of transactions, so this step is timely in capturing the evolving needs of a new generation of Malaysians,” he added.

Investors who wish to use the online service must register as a Maybank2u.com customer and have an active ASB membership number.

The investor is only required to enter the ASB membership number, a security Transaction Authorisation Code and select his savings or current account to pay for the additional purchases.

The minimum investment amount is RM1 and the maximum is RM200,000.