Hong Leong Bank is offering an enhanced value-added banking service for the SME market with its all-new PowerSME Current Account. This is a new current account featuring fee rebates, preferential fixed deposit (FD) rates and priority service at branches.

“SMEs remain one of the core engines of growth for the Malaysian economy, playing an important role in driving economic growth, employment and income. This sector accounts for 99% of all registered businesses in the country and contributes some 32% share to the Gross Domestic Product (GDP). We at Hong Leong Bank strongly believe in being the right partner to these owners led and managed SMEs supporting their growth through the provision of appropriate product offerings and advice as well as simple and effective processes,” said Peter Chow, Chief Operating Officer of Business and Corporate Banking, Hong Leong Bank.

“With the Hong Leong PowerSME Current Account, we aim to empower SMEs with a holistic offering that is convenient and cost-effective for them,” added Chow.

In comparison to the conventional current account, our PowerSME Current Account is designed to reward customers with the opportunity to earn monthly rebates to waive off fees on their banking transactions. Customers also have the option of enjoying higher returns on new FD placements through its Business Flexi FD account. Available at all branches, it only requires an initial deposit of RM500 to start a new PowerSME Current Account.

The PowerSME Current Account also comes with free e-Inquiry services.  Additionally, customers are encouraged to sign-up for e-payment package to earn more fee rebates.

Meanwhile, accounts opened from 4 January to 30 June 2013 with RM5,000 and above will be entitled to a gift and a pair of security tokens worth RM300 if they sign up for their e-payment services during the campaign period and limited to the first 100 customers only.  Product terms and conditions apply.

The Hong Leong Power SME Current Account is available at all Hong Leong Bank branches nationwide. Customers can also obtain information at www.hlb.com.my or emailBizDeposits@hlbb.hongleong.com.my for enquiries.