Open a Bank Account That Best Suits Your Financial Needs | RHB Malaysia (2025)

ConventionalRHB Basic Current Account Enjoy a straightforward banking experience with the convenience of online banking.Initial depositRM500
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ConventionalRHB Smart AccountChoose an online banking experience which rewards you for every transaction.Initial depositRM1,000RatesUp to2.85%p.a.
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ConventionalRHB MY1 AccountCreate a single account with checking facilities and earn interest on the balance!Initial depositRM1,000RatesUp to1.00%p.a.
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ConventionalRHB Premier Current AccountExperience an upgraded banking service with exclusive privileges.Initial depositRM1,000RatesUp to2.50%p.a.
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IslamicRHB Current Account-iA Shariah-compliant deposit based on the Commodity Murabahah concept.Initial depositRM1,000RatesUp to1.00%p.a.
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IslamicRHB Premier Current Account-iEmbrace preferential rates and perks with a Shariah-compliant current account.Initial depositRM1,000RatesUp to2.50% p.a.
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IslamicRHB Smart Account-iAn online Shariah-compliant account that offers high returns for every transaction.Initial depositRM1,000RatesUp to2.85%p.a.
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IslamicRHB Qard Basic Current Account-iEnjoy a fully Shariah-compliant banking experience based on the principles of Qard.RM500
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With RHB Online Banking, you can

Open a Bank Account That Best Suits Your Financial Needs | RHB Malaysia (9)

Perform fund transfers

  • Secure, convenient local fund transfers via FPX, Interbank GIRO (IBG) and DuitNow - Pay to Account.
  • Overseas transfers via Foreign Telegraphic Transfer (TT), Western Union.

Open a Bank Account That Best Suits Your Financial Needs | RHB Malaysia (10)

Pay bills

  • Over 8,000 billers available via JomPAY and more.
  • A few clicks to pay your bills and finance repayments.
  • Payment scheduling.

Open a Bank Account That Best Suits Your Financial Needs | RHB Malaysia (11)

Bank anywhere

  • Mobile banking transactions with the RHB Mobile Banking App.
  • Transfer or receive money on mobile with the new DuitNow app.

Open a Bank Account That Best Suits Your Financial Needs | RHB Malaysia (12)

Perform fund transfers

  • Secure, convenient local fund transfers via FPX, Interbank GIRO (IBG) and DuitNow - Pay to Account.
  • Overseas transfers via Foreign Telegraphic Transfer (TT), Western Union.

Open a Bank Account That Best Suits Your Financial Needs | RHB Malaysia (13)

Pay bills

  • Over 8,000 billers available via JomPAY and more.
  • A few clicks to pay your bills and finance repayments.
  • Payment scheduling.

Open a Bank Account That Best Suits Your Financial Needs | RHB Malaysia (14)

Bank anywhere

  • Mobile banking transactions with the RHB Mobile Banking App.
  • Transfer or receive money on mobile with the new DuitNow app.
ConventionalRHB Basic Savings AccountEnjoy exclusive deals and a complimentary debit card under this account.Initial depositRM20Rates0.25%p.a.
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ConventionalRHB MaxSave AccountStay safe and keep your money secure with this online banking experience.Initial depositRM200RatesUp to1.00%p.a.
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ConventionalRHB Junior Savings AccountStart your children’s savings early and enjoy attractive interest rates while you’re at it.Initial depositRM1RatesUp to 50,0002.50%p.a. Above 50,0000.55%p.a.
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ConventionalRHB Bonus Saver AccountEarn step-up interest just by increasing your balance every month with this account!Initial depositRM500RatesUp to1.50%p.a.
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IslamicRHB Basic Savings Account-iEmbark on your savings journey with a fully Shariah-compliant account.Initial depositRM20RatesUp to0.25%p.a.
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IslamicRHB Children Account-iSecure your child’s future with a Shariah-compliant account.Initial depositRM20RatesUp to 50,0002.50%p.a.Above 50,0000.55%p.a.
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IslamicRHB Savings Account-iEarn high profit rates with a Shariah-compliant savings account.Initial depositRM200Rates1.00%p.a.
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IslamicRHB Pro Savings Account-iRHB Pro Savings Account-i to be offered to all IPTA students with no initial deposit required.Initial DepositRM0RatesUp to 2,00000.25%p.a.Above 2,0000.75%p.a.
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With RHB Online Banking, you can

Open a Bank Account That Best Suits Your Financial Needs | RHB Malaysia (23)

Perform fund transfers

  • Secure, convenient local fund transfers via FPX, Interbank GIRO (IBG) and DuitNow - Pay to Account.
  • Overseas transfers via Foreign Telegraphic Transfer (TT), Western Union.

Open a Bank Account That Best Suits Your Financial Needs | RHB Malaysia (24)

Pay bills

  • Over 8,000 billers available via JomPAY and more.
  • A few clicks to pay your bills and finance repayments.
  • Payment scheduling.

Open a Bank Account That Best Suits Your Financial Needs | RHB Malaysia (25)

Bank anywhere

  • Mobile banking transactions with the RHB Mobile Banking App.
  • Transfer or receive money on mobile with the new DuitNow app.

Open a Bank Account That Best Suits Your Financial Needs | RHB Malaysia (26)

Perform fund transfers

  • Secure, convenient local fund transfers via FPX, Interbank GIRO (IBG) and DuitNow - Pay to Account.
  • Overseas transfers via Foreign Telegraphic Transfer (TT), Western Union.

Open a Bank Account That Best Suits Your Financial Needs | RHB Malaysia (27)

Pay bills

  • Over 8,000 billers available via JomPAY and more.
  • A few clicks to pay your bills and finance repayments.
  • Payment scheduling.

Open a Bank Account That Best Suits Your Financial Needs | RHB Malaysia (28)

Bank anywhere

  • Mobile banking transactions with the RHB Mobile Banking App.
  • Transfer or receive money on mobile with the new DuitNow app.

RHB Debit Card benefits

Simplify your payments.

Open a Bank Account That Best Suits Your Financial Needs | RHB Malaysia (29)

Cashless

An alternative to cash, accepted worldwide.

Open a Bank Account That Best Suits Your Financial Needs | RHB Malaysia (30)

Secure

Avoid the risk of carrying cash.

Open a Bank Account That Best Suits Your Financial Needs | RHB Malaysia (31)

Fast

Instant payments.

ConventionalRHB Ordinary Fixed DepositEnjoy a secure financial solution for your hard-earned money.Initial depositRM5,000 - 1 month RM500 - 2 months and above
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ConventionalRHB Senior Fixed DepositsSecure your golden years with an assured rate of interest on your deposit.Initial depositRM10,000
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ConventionalRHB P.A.Y.S Fixed DepositsGet a short tenure deposit with monthly interest paid into your current or savings account.Initial depositRM10,000
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IslamicRHB Commodity Murabahah Deposit-iYour Shariah-compliant deposit with flexible tenure and superior profit rates.Initial depositRM1,000
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Open a Bank Account That Best Suits Your Financial Needs | RHB Malaysia (36)

Islamic

RHB BizPower Flexi Commodity Murabahah Deposit-i

Get your Islamic term deposit with a fixed profit rate.

Initial deposit

RM100,000

With RHB Online Banking, you can

Open a Bank Account That Best Suits Your Financial Needs | RHB Malaysia (37)

Perform fund transfers

  • Secure, convenient local fund transfers via FPX, Interbank GIRO (IBG) and DuitNow - Pay to Account.
  • Overseas transfers via Foreign Telegraphic Transfer (TT), Western Union.

Open a Bank Account That Best Suits Your Financial Needs | RHB Malaysia (38)

Pay bills

  • Over 8,000 billers available via JomPAY and more.
  • A few clicks to pay your bills and finance repayments.
  • Payment scheduling.

Open a Bank Account That Best Suits Your Financial Needs | RHB Malaysia (39)

Bank anywhere

  • Mobile banking transactions with the RHB Mobile Banking App.
  • Transfer or receive money on mobile with the new DuitNow app.

Open a Bank Account That Best Suits Your Financial Needs | RHB Malaysia (40)

Perform fund transfers

  • Secure, convenient local fund transfers via FPX, Interbank GIRO (IBG) and DuitNow - Pay to Account.
  • Overseas transfers via Foreign Telegraphic Transfer (TT), Western Union.

Open a Bank Account That Best Suits Your Financial Needs | RHB Malaysia (41)

Pay bills

  • Over 8,000 billers available via JomPAY and more.
  • A few clicks to pay your bills and finance repayments.
  • Payment scheduling.

Open a Bank Account That Best Suits Your Financial Needs | RHB Malaysia (42)

Bank anywhere

  • Mobile banking transactions with the RHB Mobile Banking App.
  • Transfer or receive money on mobile with the new DuitNow app.
ConventionalRHB Multi Currency AccountManage a diversified currency portfolio while investing in precious metals too.
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IslamicRHB Qard Multi Currency Current Account-iAn account with diversified currency portfolio based on the Qard principle.
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ConventionalRHB Joy@WorkCredit your monthly salary with us and enjoy additional benefits.
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Open a Bank Account That Best Suits Your Financial Needs | RHB Malaysia (2025)

FAQs

What type of bank account is most suitable for everyday needs? ›

A Current Account provides an everyday banking facility, so you can pay bills, check your balance, transact with your debit card and more.

Can Americans open a bank account in Malaysia? ›

Yes, a foreigner can open a bank account in Malaysia, but eligibility depends on the bank's requirements. Generally, you'll need to provide more documents than residents, and you need a reference from your employer or a Malaysian contact.

Which bank is easy to open an account in Malaysia? ›

A Hong Leong Bank savings account is easy to open with a minimum deposit of RM20. Earn interest that is calculated daily and paid half-yearly. Additionally, enjoy easy access to your account with HLB Connect Online Banking or mobile banking app in Malaysia.

Which bank is best for savings accounts in Malaysia? ›

Here are some of the best high interest savings accounts in Malaysia.
  • UOB One Account. Interest rate: Tiered, up to 6.00% p.a. ...
  • Standard Chartered Privilege$aver. Interest rate: Tiered, up to 4.15% p.a. ...
  • Rize Commodity Murabahah Savings Account-i. ...
  • OCBC 360. ...
  • RHB Smart Account/-i. ...
  • Affin Invikta Account/-i. ...
  • AmBank eFlex/-i.
Apr 17, 2024

What type of bank account is best for everyday use? ›

Checking accounts are best for day-to-day financial tasks such as making purchases and paying bills. They come with a debit card for spending, and checking account owners can typically make mobile check deposits, ATM transactions, peer-to-peer payments and more with their account.

How do I choose the right bank for my needs? ›

How to choose a bank that's right for you
  1. Identify the type of account you need. ...
  2. Look for low (or no) fees. ...
  3. Compare local versus online options. ...
  4. Examine convenience and security features. ...
  5. Read reviews. ...
  6. Check out the terms and conditions. ...
  7. How to choose the right bank.
Mar 26, 2024

Which US banks have branches in Malaysia? ›

Three U.S. banks have operations in Malaysia: Bank of America, Citibank, and J.P. Morgan Chase Bank.

Which bank is best for foreigners in Malaysia? ›

TOP 10 Banks in Malaysia for expats
  • Maybank. This is the largest bank in Malaysia by many metrics. ...
  • CIMB. CIMB Group Holdings Berhad is the second-largest banking organization in Malaysia. ...
  • Public Bank. ...
  • UOB Malaysia. ...
  • Hong Leong Bank. ...
  • RHB Bank. ...
  • HSBC Bank. ...
  • AmBank Group.

Which bank in Malaysia is international? ›

Hong Leong Bank offers a range of international banking services, including foreign currency accounts, foreign currency fixed deposits, and foreign currency loans.

Which bank is the safest in Malaysia? ›

The results are based from a recent Forbes survey to identify the world's best banks in 2023. The Forbes survey has ranked Maybank, United Overseas Bank and Standard Chartered as the top three banks in Malaysia.

How much is the deposit to open a bank account in Malaysia? ›

RM20 is all you need to start earning interest. No service or maintenance charge required.

Which is the most used bank in Malaysia? ›

1. Maybank
  • Largest bank in Malaysia by assets, 4th Largest bank in ASEAN by assets²
  • 2,597 retail branches worldwide.
  • Represented in 18 countries.
  • 1 trillion+ MYR of transactions were made in ASEAN countries through online banking via Maybank2u in 2023.

How can foreigners open a bank account in Malaysia? ›

To open an account you will need to bring:
  1. Valid Passport.
  2. National Identity Card.
  3. Valid work permit or working visa in Malaysia (for employment in Malaysia)
  4. Employment letter (for employment in Malaysia)
  5. Approval Letter for Malaysia My Second Home program (for MM2H participants)

Which bank has the lowest interest rate in Malaysia? ›

Which bank offers low-interest loans in Malaysia?
BankInterest/Profit RateLoan Amount
HSBC Amanah4.88% - 10.50% p.a.RM6,000 - RM250,000
Alliance Bank4.99% - 16.68% p.a.RM5,000 - RM300,000
CIMB4.38% - 19.88% p.a.RM2,000 - RM100,000
Al Rajhi Bank5.37% - 11.51% p.a.RM10,000 - RM250,000
1 more row

What is the interest rate for senior citizen FD in Malaysia? ›

Fixed Deposit » For Seniors
  • BSN Term Deposit. Interest Rate. 2.85% p.a. Early Withdrawal No Interest Earned RM712.50.
  • Public Bank PB Golden 50 PLUS FD Account. Interest Rate. 2.75% p.a. ...
  • AmBank Am50 Plus. Interest Rate. 2.55% p.a. ...
  • Hong Leong Senior Savers Flexi FD. Interest Rate. 2.3% p.a.

Which type of bank account should be used for daily expenses? ›

You can use the checking account for everyday financial transactions and the savings account to set aside money for emergencies or other financial goals.

What type of account would be ideal for daily use? ›

Checking Accounts are used for your daily banking needs such as depositing funds and paying bills and offer multiple ways to access your funds through personal checks, ATMs, and debit cards.

Which bank is best for an everyday account? ›

*Monthly account fees are often waived if you meet certain criteria, check with the provider for more information.
  • HSBC — Everyday Global Account. ...
  • ING — Orange Everyday. ...
  • Macquarie Bank — Transaction Account. ...
  • Suncorp Bank — Carbon Insights, Everyday Essentials and Everyday Options Accounts. ...
  • Westpac – Choice.

Which account is best for daily transaction? ›

A savings account is a deposit account which allows limited transactions, while a Current Account is meant for daily transactions.

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