AmBank is offering new-to-bank customers up to RM100 cashback when they open an eligible savings or current account through the AmOnline app. You’ll receive RM10 cashback once your account is successfully opened, while the remaining cashback depends on maintaining the required balance over the next three months.

The campaign is open to customers who do not already have a banking relationship with AmBank Group. Eligible accounts include the TRUE Savers Account, eFlex Savings Account, AmPartner Current Account, Basic Savings Account and AmWafeeq Savings Account-i. The campaign runs from 1 July to 31 October 2026, or until the RM130,000 cashback allocation has been fully redeemed, whichever comes first.

Earning The Full Cashback

Every eligible customer who opens an account through the AmOnline app will automatically receive RM10 cashback.

To earn the remaining cashback, you’ll need to deposit fresh funds, meaning the money cannot be transferred from another AmBank deposit account. You’ll also need to maintain the required month-end balance for the first three months.

The table below shows the cashback you can earn based on the month-end balance you maintain during that period.

Cashback Payout Timeline

The welcome cashback is credited immediately after your account is successfully opened. Any additional cashback will be credited within five weeks after the end of your third month, provided your account remains active and in good standing.

If you have more than one eligible AmBank account, the bank will use the combined balance across all eligible accounts when determining whether you’ve met the campaign requirement.

Your Month-End Balance Makes The Difference

The cashback isn’t based on how much you deposit when you first open your account. Instead, AmBank checks whether you’ve maintained the required month-end balance for three consecutive months.

If you’re aiming for RM60, you’ll need to keep at least RM1,500 in your account at the end of each month during the qualifying period. To earn the full RM100, you’ll need to maintain RM3,000 instead.

For example, if your month-end balance falls to RM1,400 in the third month, you’ll receive the RM10 welcome cashback. The additional cashback is only paid if you maintain the required month-end balance throughout the qualifying period. 

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Christina Chandra

Christina writes about personal finance with an eye for making the complicated feel straightforward. She is drawn to the everyday money decisions people face and genuinely enjoys finding the clearest way to explain them. Between articles, she is probably napping, on a hiking trail, or terrorising her sister’s cats.

About THE AUTHOR

Christina Chandra

Christina Chandra

Christina writes about personal finance with an eye for making the complicated feel straightforward. She is drawn to the everyday money decisions people face and genuinely enjoys finding the clearest way to explain them. Between articles, she is probably napping, on a hiking trail, or terrorising her sister's cats.

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