13th August, 2012
Hong Leong Islamic Bank (“HLISB”) launched its new Upin & Ipin Hong Leong Junior-i Reloadable Debit Card, a smart and convenient tool that seeks to help parents better guide their children in understanding the importance of saving and personal money management.
The Hong Leong Junior-i Reloadable Debit Card which comes with a Junior Savings-i account and Junior General Investment Account-i, can be used at all VISA and MEPS merchants and also works as an ATM card. Parents will need to hold either a Hong Leong Multi-tier Savings Account-i or Current Account One-i account to transfer balances or reload the card over the counter, ATM or Hong Leong Connect. Additionally, they can also opt for a monthly auto-reload in multiples of RM50.
Investments are made via ad-hoc transfers from the Hong Leong Junior Savings Account-i account or via Standing Instruction whereby an automatic monthly investment is made in multiples of RM1,000. Profits from investments will be accrued daily and credited to the savings account.
Speaking on the partnership with Les Copaque Sdn Bhd, production company behind Upin & Ipin, Raja Teh Maimunah explained that the fun generated by the vast popularity of Upin & Ipin amongst Malaysians made it an ideal choice, as the homegrown series inculcates many important values amongst the young ones similar to what HLISB and the card promotes.
To mark the partnership that saw a special appearance by Upin & Ipin at the launch, Upin & Ipin merchandise including notebooks, wallets, coin boxes and plush toys are offered as Early Bird gifts to accountholders based on the deposit requirements.