Did Your Parents Open an ASNB Account for You?
More than 2.16 million Malaysians have ASNB accounts that were opened for them when they were children.
Yet nearly 150,000 of these accounts have not recorded any transactions in the past two years.
If your parents or guardians opened an ASNB account for you when you were younger, perhaps it is time to check on it.
“My Parents Opened One for Me Years Ago…”
You may have heard your parents say this before.
For many years, opening an ASNB account has been one of the ways parents and grandparents help give their children and grandchildren a head start financially.
Even before their children were old enough to understand investing, their parents had already taken that first step for them.
In fact, more than 2.16 million Malaysians have ASNB accounts that were opened for them while they were still minors.
An Account You May Have Forgotten About
Life moves quickly. From school to university, then into working life and eventually starting a family of your own.
Along the way, it is easy to forget about an ASNB account that was opened for you when you were a child.
Perhaps this thought has crossed your mind before:
“Wait… I think my parents opened an ASNB account for me when I was younger.”
And then you simply moved on with your day.
ASNB data shows that nearly 150,000 accounts opened for individuals when they were minors have not recorded any transactions in the past two years.
That does not necessarily mean the accounts no longer exist.
Some account holders may simply be unaware that they already have an ASNB account.
Could You Be One of Them?
If your parents or guardians opened an ASNB account for you, you may have started investing much earlier than you realised.
Many people assume that they need to start from scratch.
But the truth is, someone who wanted to give you a better financial start may already have taken that first step for you many years ago.
So, it may be worth taking a few minutes to find out whether you already have an ASNB account.
How Can You Check?
If you have used the myASNB app before, try logging in to view your account details.
Not sure whether you have an account? Or has it been years since you last accessed it?
Don’t worry.
Staff at an ASNB branch can help you check whether an account was opened for you and advise you on what to do next.
In the next article, we’ll show you how to find out whether you already have an ASNB account.
Your Investment Journey May Have Started Years Ago
Every parent wants to give their child a good start in life.
For some families, that started with an ASNB account.
If you are one of the millions of Malaysians whose parents opened an ASNB account for them as a child, perhaps now is the time to rediscover what they started for you.