How to Open an ASB Account Online Using myASNB

Amanah Saham Bumiputera (ASB) is one of the most popular savings and investment options in Malaysia. Many Malaysians use ASB to build long-term savings and manage their money better.

ASB offers yearly returns in the form of dividends, making it suitable for both long-term savings and emergency funds. The good news is that you can now open an ASB account online using the myASNB app, with a minimum investment starting from RM10.

ASB is also useful as it helps employees improve financial stability and reduce money-related stress.

What is ASB (Amanah Saham Bumiputera)

ASB is a unit trust fund managed by Amanah Saham Nasional Berhad (ASNB). It is designed to help Malaysians grow their savings over time.

ASB has a fixed price of RM1 per unit, which makes it stable compared to other investments. Members earn income through yearly dividends based on the fund’s performance.

ASB is known for being:

Low risk
Beginner-friendly
Suitable for long-term savings

What Is myASNB

myASNB is the official digital platform provided by ASNB to manage ASB and other investment funds online. It is available through a mobile application and a web portal.

With myASNB, users can manage their investments anytime without going to a branch. Main features include:

Register a new ASB account
Check account balance and dividend
Add or withdraw investment
Track transaction history
Manage child accounts
Update personal details

All transactions are secured with OTP or TAC verification to protect user accounts.

Benefits of ASB

ASB offers several advantages that make it suitable for many Malaysians:

Stable dividend returns compared to regular savings accounts
No tax on dividends, so returns are fully received
High liquidity, meaning money can be withdrawn anytime
Fixed unit price (RM1), making it simple and predictable
Syariah-compliant, suitable for Muslim investors
Low risk, ideal for beginners

ASB also allows easy access to funds without penalty, which makes it useful for emergency situations.

From an HR point of view, ASB will help employees in many ways, especially regarding financial:

Employees can build consistent saving habits
Financial stress can be reduced
Employees become more stable and focused
Can support company financial wellness initiatives

How to Open ASB Account Online (Step-by-step)

Opening an ASB account online is simple and can be completed within minutes.

Step 1: Download the myASNB App

Install the app from:

Step 2: Register New Account

Select “Register New Account” and enter:

Full name (as per IC/MyKad)
IC/MyKad number
Active phone number in your own name
Email address

Make sure all details are accurate.

Step 3: Identity Verification (eKYC)

Scan your IC/MyKad (front and back)
Take a selfie with sufficient lighting and a clear face.
The system will match the data for identity verification purposes.
Enter the OTP code sent to your phone via SMS to verify the phone number.

Step 4: Create Login Details

Set a unique username, strong password combination, and security questions. Security questions are required to give double protection to the account.

Step 5: Make First Investment

Choose the ASB fund you prefer (e.g. ASB, ASB2, ASN)
Invest a minimum of RM10
The payment is via FPX or online banking

Once completed, your account is activated and ready to use.

Requirements to Register

To open an ASB account online, you must meet these requirements:

Malaysian citizen (Bumiputera eligibility applies for ASB)
Age 18 and above
Valid IC (MyKad)
Active phone number and email

All information must match your official records for successful verification.

If an employee wants to open an ASB account for a child, it must be opened by a parent/guardian.

Opening ASB Account for Children

ASB accounts for children can be opened physically at a nearby ASNB branch or bank agents that offer opening of a child’s ASB account service.

Prepare required documents, such as:

Child’s MyKid or birth certificate
Parent or guardian IC/MyKad
Custody documents (if necessary)

Either at the nearby ASNB branch or bank agents, fill out the child account registration form and make an initial deposit of a minimum of RM10. After the account is opened, it can be managed digitally through myASNB.

Having an ASB account for children can help employees to:

Encourages early saving habits
Builds long-term financial security
Helps parents plan for education or future needs

ASB Bijak (For Children)

ASB Bijak is a program designed for children under 17. It helps:

Introduce saving from a young age
Build discipline in managing money
Grow savings over time

Parents can use it to invest duit raya or gifts into something more meaningful.

How to Check Child Account Online

After opening the child account:

Log in to myASNB using the username and password registered.
Add child account under “Akaun Bijak”
Check balance and dividends
Make additional investments online
Enable auto-debit for investment if needed

Opening ASB at ASNB Branch

For those who prefer offline registration, they can visit a nearby ASNB branch or ASNB agents.

Bring these two required documents:

IC/MyKad (for adults 18 years anove)
MyKid or birth certificate and parent/guardian’s IC/MyKad (for children)

The minimum investment is RM10.

For more information, please refer to www.asnb.com.my.

Celik MADANI Program (RM50 Free Unit)

The Celik MADANI program provides RM50 worth of Amanah Saham Bumiputera (ASB) or Amanah Saham Malaysia (ASM) units to eligible students.

This initiative targets IPT and vocational students to encourage them to start saving early and build investment habits. Students need to register through myASNB to receive the benefit.

The Celik MADANI program targets 200,000 students each year for a period of five years, starting from 2025 to 2030.

Why ASB is Important for Employees & HR

ASB is not just an investment tool; it also supports financial stability.

For Employees

Helps manage money better
Builds savings over time
Provides backup funds for emergencies
Supports long-term financial planning

For HR and Employers

Reduces employee financial stress
Improves focus and productivity
Supports employee well-being initiatives
Can be included in financial education programs

Basic Guide for Employers (HR Perspective)

ASB can be a useful tool for employers who want to support employee financial well-being. While companies do not manage employee investments directly, they can play a role in encouraging better money habits.

For different employee groups, HR can approach this in practical ways:

Employees with Families

Encourage long-term savings for children and future needs, such as education or emergencies.

Young Employees (Early Career)

Promote starting early, even with small amounts like RM10, to build consistent saving habits.

Employees with Fixed Income

Suggest using auto-debit features to save regularly without needing to think about it every month.

What HR Can Do

HR teams can support employees by:

Sharing basic information about ASB and myASNB
Including financial awareness topics in employee programs
Promoting simple saving habits across teams
Highlighting tools that are easy to use and low risk

These actions do not require complex planning, but they can make a difference in how employees manage their money.a

FAQs

What is ASB and how does it work?

ASB is a unit trust fund that allows Malaysians to invest and earn yearly dividends.

Can I open ASB account online?

Yes, you can open it fully online using the myASNB app.

What is the minimum to start ASB?

The minimum investment is RM10.

Is ASB dividend taxable?

No, ASB dividends are not taxed in Malaysia.

Can HR use ASB for employee programs?

Yes, it can be part of financial wellness and education initiatives.

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