Had ASNB Account Since Childhood? Now What?

Here’s What Happens After You Turn 18

For many Malaysians, their experience with ASNB began long before they started working.

It started when their parents or guardians opened an ASNB account for them as a child.

But once they reach adulthood, a common question comes up:

“Can I still use the account?”

The answer is yes.

If an ASNB account was opened for you when you were younger, it does not simply disappear when you turn 18.

Instead, it is now your turn to take charge of it.

Now, It’s Yours to Manage

When you were younger, most matters relating to the account would have been handled by your parents or guardians.

Once you reach adulthood, you can begin managing the account yourself.

You can check your investment balance, review past transactions and decide what to do next based on your financial needs and goals.

In other words, something your parents started for you years ago is now yours to manage.

Many People Don’t Realise They’ve Reached This Stage

For some people, an ASNB account is simply something their parents mentioned years ago.

Some may still remember their old account book.

Others may not have checked the account at all since they were children.

This is one reason some account holders may go for years without making a transaction.

It may not be because they are not interested.

They may simply not realise that it is now up to them to manage the account.

So, What Should You Do?

If you have confirmed that you already have an ASNB account, this is a good opportunity to take a closer look at what you have.

You can:

• Check your current investment balance.
• Review past transactions.
• Find out which ASNB funds you hold.
• Consider your next steps based on your financial goals.

You do not need to make a new investment straight away.

For now, simply start by understanding what you already have.

What Your Parents Started Is Still Yours to Continue

When your parents opened an ASNB account for you, they took the first step on your behalf.

Now, what happens next is up to you.

You may decide to continue investing today, next month or sometime in the future.

The choice is yours.

What matters is knowing that the account is still there and can continue to be part of your financial plans.

Haven’t accessed your ASNB account in a long time? In the next article, we’ll look at what you can do to start managing it again.

Read: Haven’t Used Your ASNB Account in a While? Here’s What You Can Do