RHB Launches New Multi-Currency Debit Cards
Author Avatar


RHB Launches New Multi-Currency Debit Cards

RHB Banking Group has launched Malaysia’s first multi-currency debit cards which offers access to 13 foreign currencies alongside Malaysian ringgit. The two debit cards come in the form of RHB Multi Currency Visa Debit Card and RHB Premier Multi Currency Visa Debit Card.

These new debit cards work just like any other debit card in Malaysia, but with zero conversion charge or transaction fees for the 13 supported currencies, which are: US Dollar, Canadian Dollar, Euro, Japanese Yen, Pound Sterling, Australian Dollar, New Zealand Dollar, Swiss Franc, Hong Kong Dollar, Saudi Riyal, South African Rand, Singapore Dollar, and Thai Baht.

Customers who wish to get the RHB Multi Currency Visa Debit Card would need to open an RHB Multi Currency Account, with a minimum initial deposit of $1,000 (about RM4,080) or its equivalent. Balances in foreign currencies also earn interest.

“Currently we have more than two million debit cards in circulation and in the first year, we expect to issue 15,000 new Multi Currency Visa Debit Cards,” RHB Managing Director Datuk Khairussaleh Ramli said at the launch of the debit cards.

Malaysia Visa Country Manager, Ng Kong Boon added that customers will be able to enjoy competitive exchange rates on all 13 foreign currencies when they use the debit cards without any conversion charges or transaction fees.

(Source: The Edge Markets, The Star)


0 0 votes
Article Rating


Comments (0)

Notify of

Inline Feedbacks
View all comments
Top Banking Articles
Top Banking Articles
Post Image
Best Fixed Deposit Accounts In Malaysia – March 2023
- 1st March 2023
We provide monthly updates on the best fixed deposit rates in Malaysia with tables showing the top 5 rates for the duration of 1, 3, 6, 9, and 12 months.
Post Image
Frequently Asked Questions About Credit Cards
Guo Heng
- 28th June 2018
Do you have questions about credit cards or are you looking to apply for your first credit card? Check out our FAQ on credit cards for all the need-to-know information.
Post Image
Best High Interest Savings Accounts In Malaysia (January 2023)
Pang Tun Yau
- 11th January 2023
Make your money work for you by depositing them into the best high-interest savings accounts in Malaysia!
Post Image
Old Malaysian Ringgit Notes and Coins Are Worth More Than You Think
Gavin Pereira
- 24th January 2019
Through the years there have been certain denominations of our Malaysian Ringgit that has been discontinued. Do you have any of these? It may be worth a lot now.

Related articles

Related Posts Image
Related Posts Image
Related Posts Image
Related Posts Image

Bank Negara Once Again Holds OPR Steady At 2.75%

Jacie Tan -
2nd February 2021