HSBC Rolls out Investment Account Opening Service on Mobile Banking App in Malaysia

HSBC has launched its investment account opening service on the HSBC Malaysia mobile banking app.

In a statement on Thursday, the bank said the service allows HSBC Premier customers to open investment accounts with the bank from the convenience of their mobile phones anytime and anywhere, hassle-free.

It said the service is embedded within the Wealth tab in the HSBC Malaysia mobile banking app.

With the mobile Investment Account Opening service, HSBC Premier customers can easily open unit trusts, bonds, and sukuk accounts with the bank — all at one go.

HSBC said it is also the first bank in Malaysia to offer customers the option to open bond/sukuk investment accounts via a mobile banking app.

HSBC first introduced the web browser version of the investment account opening service in May 2022 through online banking.

"As our customers build their wealth portfolios both in Malaysia and across the globe, we will capitalise on the strength of HSBC's international network to play an integral part in their journey, by providing our customers access to our market-leading products and services," said HSBC Malaysia country head of wealth and personal banking Linda Yip.

"This is part and parcel of our ambition to be the leading wealth manager in the country, and in line with our commitment to meeting our customers' needs in managing their wealth, retirement and legacy planning".

(Source: The Edge Malaysia)