Alliance Bank is running a campaign that combines upfront cash rewards with a lucky draw component, where what you do after opening an account determines how much you can earn or win.

The campaign runs from 1 April to 30 September 2026 and is open to both new and existing customers who meet the eligibility requirements.

You Get A Guaranteed Reward Just For Opening And Funding The Account

If you open an Alliance SavePlus Account via the mobile app using the invitation code “sitwin”, activate it within the required timeframe, and fund the account, you can receive a cash reward based on how much you keep in the account at the end of the month.

Placing RM500 qualifies you for RM30, RM3,000 gives RM60, and RM10,000 earns RM130, which is the maximum sign-up reward available under this part of the campaign.

The requirement is fairly straightforward, but the balance must still be there at the end of the account opening month, as that is when the bank checks whether you have met the threshold.

The Campaign Also Works Like A Lucky Draw

Beyond the sign-up reward, the campaign includes a separate prize draw where entries build up based on how actively you use the account and related products over time.

The prizes range from cashback rewards to high-value items such as massage chairs, with one grand prize winner, two other top prize winners, and multiple consolation winners.

This means the campaign is not built around a single qualifying step, as your chances improve the more eligible actions you complete throughout the campaign period.

What Actually Gives You More Entries

Opening the account is only the starting point, because entries are also earned through actions such as applying for other products, activating and using your debit card, making online payments, and increasing your account balance.

Higher-value actions tend to give more entries, especially when it comes to adding more money into the account, where larger balance increases translate into more chances in the draw.

Spending also contributes, but usually at a lower rate per transaction compared with increasing your balance.

Growing Your Balance Matters More Than Just Keeping It There

What matters here is not only how much money sits in the account, but whether your monthly average balance has grown compared with the previous month.

The campaign tracks net incremental monthly average balance, which means simply leaving the same amount in the account does not generate fresh entries. If your balance rises, you earn more entries. If it falls compared with the month before, you do not earn entries for that period at all, even if the account balance is still relatively high.

This makes the campaign more rewarding for customers who are actively building up their balance, rather than those who deposit once and leave the amount unchanged.

Not Every Action Counts Automatically

Some transactions are excluded from earning entries, including reversed transactions, certain government-related payments, and other categories the bank does not recognise as eligible spending.

Timing matters too, because transactions must be captured within the campaign period, which means late posting could affect whether a payment or purchase is counted in the relevant month.

How To Think About This Campaign

This campaign combines a fixed cash reward with a separate prize draw that depends on how actively you use the account after opening it.

If you are only looking for a simple sign-up bonus, the upfront cashback is the clearest part of the offer, since it is tied directly to how much you maintain in the account at month-end.

If you are more interested in the prizes, the campaign is really geared towards customers who keep increasing their balance, use the account regularly, and stack up entries over time instead of relying on a single action.

Follow us on our official WhatsApp channel for the latest money tips and updates.