--- title: "You May Soon Be Able To Transfer Your EPF Account 3 Balance Back To Acc 1 & 2" url: https://weirdkaya.com/you-may-soon-be-able-to-transfer-your-epf-account-3-balance-back-to-acc-1-2/ date: 2024-05-17 modified: 2024-05-18 lang: en author: "Yu Ang Tan" description: "The Employees Provident Fund (EPF) is introducing a new transfer option for members who do not want to use the newly created Account 3, or Akaun Fleksibel. Members can soon..." categories: - "Current Affairs" - "Society" tags: - "#Trending" - "EPF" - "EPF Account 1 2" - "EPF Account 3" - "EPF Account 3 Transfer" - "Malaysia" image: https://cdn.weirdkaya.com/media/you-may-soon-be-able-to-transfer-your-epf-acc-3-balance-back-to-acc-1-2.png word_count: 373 --- # You May Soon Be Able To Transfer Your EPF Account 3 Balance Back To Acc 1 & 2 ##### The Employees Provident Fund (EPF) is introducing a new transfer option for members who do not want to use the newly created Account 3, or Akaun Fleksibel. Members can soon apply the recurring request function to transfer 10% of their Accont 3 (Akaun Fleksibel) balance back to Account 1 (Akaun Persaraan) or Account 2 (Akaun Sejahtera), said Balqais Yusof, EPF’s Head of Policy and Strategy Department during an interview with [BFM](https://www.facebook.com/reel/971812667661024). ![EPF soon have option to do recurring transfer](https://cdn.weirdkaya.com/media/epf-soon-have-option-to-do-recurring-transfer.png)Screenshot via [FB/BFM](https://www.facebook.com/reel/971812667661024) She also shared in the interview that the details on how members can submit this application online will be announced in **June or July this year.** ## EFP: More flexible options for EPF account 3 On May 11, the EPF introduced the Akaun Fleksibel, dividing member savings into the **Akaun Persaraan (75%), Akaun Sejahtera (15%), and Akuan Fleksibel (10%) **for all EPF members under the age of 55. ![KWSP EPF Branch 2](https://cdn.weirdkaya.com/media/kwsp-epf-branch-2-1.jpg)Photo by WeirdKaya. Balqais explained that 75% of members' savings are allocated to Account 1. If members prefer not to contribute to Account 3, they can submit a recurring request to transfer monthly contributions to Account 1, increasing its savings rate from 75% to 85%. Read also: [Here’s What Going To Happen To Your EPF Account Starting 11 May 2024](https://weirdkaya.com/heres-what-going-to-happen-to-your-epf-account-starting-11-may-2024/) Alternatively, members who find it difficult to access their Account 1 funds can transfer the initial funds from Account 3 to Account 2 too. They can also request monthly contributions to be transferred to Account 2, increasing its savings rate from 15% to 25%. ![EPF Screenshot](https://cdn.weirdkaya.com/media/epf-screenshot.jpeg)Screenshot via KWSP i-akaun app. Balkis mentioned that members could also split the 10% Account 3 funds into two 5% portions, transferring them to both the Account 1 and Account 2. ## EPF: We respect members' choice She emphasized that the EPF respects members' choices and will not deny the transfer of funds from the Account 3 to Account 1 or Account 2. ![EPF 6](https://cdn.weirdkaya.com/media/epf-6-1-scaled.jpg)Photo by WeirdKaya. Balqais highlighted that while Account 3 offers convenience, members might regret transferring funds if they face emergencies later and cannot access needed funds. **"Members wouldn't like to be in such a situation, right?"** > **“Some members may turn to loan sharks, credit cards, or family for help, which can lead to a vicious cycle of high-interest debt. The Akaun Fleksibel aims to prevent such situations,” she added.** ### Read More: - [M’sians Without Fixed Income Can Get Up To RM500 From EPF i-Saraan. Here’s How](https://weirdkaya.com/msians-without-fixed-income-can-get-up-to-rm500-from-epf-i-saraan-heres-how/) - [How Much Should Your Boss Contribute To Your EPF, And Can They Refuse To Pay?](https://weirdkaya.com/how-much-should-your-boss-contribute-to-your-epf-and-can-they-refuse-to-pay/) - [I Switched Jobs & Am Worried About My EPF. Here’s Everything You Should Know](https://weirdkaya.com/i-switched-jobs-am-worried-about-my-epf-heres-everything-you-should-know/) - [M’sians Not Allowed To Withdraw From EPF Account 1, Including For Haj](https://weirdkaya.com/msians-not-allowed-to-withdraw-from-epf-account-1/) - [Here’s What Going To Happen To Your EPF Account Starting 11 May 2024](https://weirdkaya.com/heres-what-going-to-happen-to-your-epf-account-starting-11-may-2024/) - [EPF Officially Rolls Out Account 3 To Its Members](https://weirdkaya.com/epf-account-3-rolled-out/) --- [![WeirdKaya is on Instagram!](https://weirdkaya.com/wp-content/uploads/ig-article-cta.png)](https://www.instagram.com/weirdkaya/)For more stories like this, follow WeirdKaya on Facebook and Instagram! ---