It’s good to have online access to your EPF account

by Penny on September 30, 2009



Over the years since the government launched its plans to close the gap on the digital divide, many ministries have launched their sites to offer information online, services and the like. But many of them I didn’t find that useful. But there is one that I have to say is most God-sent amongst all the others. And no, it is not the one where we can submit our income tax assessment online. I find that one pretty crap simply because I couldn’t get a decent page load.

So which government site do you think I approve of and make the most use from? It’s actually the online EPF site. Some years back I paid a visit to the EPF counter to get some things sorted and the officer suggested that I apply to have access to my EPF account online via their website. It was quite easily done.

All I did was insert the MyKad into the EPF kiosk and create a password for my online access. After that I had about a week or two (can’t remember, been a long time!) to log in and activate my account. If I don’t do so within the time frame given, then I’ll need to go and set up another password at the kiosk. Fair enough, I guess.

So I activated my online account access immediately and have been able to access my EPF account details online since then. It’s really convenient because I can check my up to date account balance at any time. It breaks down into the details of Account 1 and Account 2, and all the sub-balances of what you can withdraw your EPF funds to do. For example, if I want to invest my EPF funds into unit trusts, I can easily check exactly how much is eligible for investment purposes without doing any calculation on my own. Similarly I also know at a click of the button how much I can withdraw for paying a home downpayment, etc.

This is definitely one access that I will keep up to date and not let it lapse. It’s a good way to keep track of your EPF account balance. You don’t need to go all the way to the offices just to check on your balance. You also don’t need to wait for that half yearly statement that gets posted to you in order to keep a tab on your account.

So if you have not already registered for your account access online, you may want to consider doing so. Don’t worry, you can’t do any transactions online so you won’t risk frauds where money is taken out of your account. Trust me, for money to leave the EPF, it’s really hard. Don’t count on doing it online.

Here’s the link to the site if you are interested, English and Malay versions available: KWSP Online.

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2 comments

{ 2 comments… read them below or add one }

1 Alvin Lim September 30, 2009 at 9:50 pm

I tried to register 1 or 2 yrs ago…and ….my mykad cannot work. =_=

2 Penny October 6, 2009 at 4:59 pm

That is a real pity. If you have some time to try again, I think it’s worth while to get it done :)

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