Al Rajhi Bank

Al-Rajhi Current Account-i

Are you always on the go? This current account is prefect for you - equip yourself with a special Visa Debit- ATM Card-i, cheque book, and free monthly statements

    • Islamic account
    • eStatement (via email)

Features

What would make it different?

Online Banking
[email protected]
Mobile App
PIDM Protected

Fees & Charges

There are always fees but how much are they?

MEPS Withdrawal Fee
RM4.00
Overseas Withdrawal Fee
RM12.00
Dishonoured Cheque Fee
RM100
Stop Payment Cheque Fee
RM15.00

Requirements

Are you eligible for this account?

Nationality
  • Malaysians
  • Permanent Residents
  • Foreigners
  • Introducer
    Required
    Minimum Age
    18 years old
    Minimum Initial Deposit
    RM500

    Frequently Asked Questions about Al-Rajhi Current Account-i

    Things you might want to know

    Why should I open a Current Account-i with Al Rajhi Bank?

    Unlike most current accounts in the Malaysian banking market, Al Rajhi Bank does not require you to maintain a minimum balance, and interestingly, not charging a Service Fee for it.

    Other than that, your principal will be guaranteed under the Qard principle, as well as by Perbadanan Insurans Deposit Malaysia for up to RM250,000.

    You also have the option to deposit in other currencies, with the minimum initial deposit of US$1,000 or its equivalent required. For deposit in local currency, only RM500 in initial deposit is needed.

    What do I get with Al Rajhi Current Account-i?

    As usually, this Islamic current account will be accompanied with a checking facility at a small issuance cost. On top of that, you will receive an ATM / debit card that are accepted at over 35 million retail outlets worldwide.

    You will also have a 24-hour access to Al Rajhi Bank’s ATMs and ATMs displaying VISA PLUS or MEPS signs. To keep track of your past transactions, you can choose to have the annual e-statement to be delivered by monthly, quarterly or half-yearly.

    Who can apply for this current account?

    Any individuals aged 18 years old and above can apply for Al Rajhi Current Account-i. To open a joint current account, maximum 2 persons are allowed to do so. Non-individuals can apply too.

    What are the fees and charges?

    These are few but significant fees and charges you should be aware of:

    • Half yearly Service Charge: RM10, if average balance falls below RM1,000
    • Cheque Book Issuance: Free, except for a Stamp Duty of RM0.15 per leaf
    • Dishonoured Cheque: RM100, due to insufficient funds
    • Stop Payment Cheque: RM15, upon request
    • GST: 6%, where applicable.

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