What do I need to know about this current account?
This is an Islamic current account exclusively for individuals only. This means that this current account is not for societies, partnerships, sole proprietors and the like. There is no overdraft facility for this current account.
The Alliance Hybrid Account-i is based on the concept of Mudharabah, which means an agreement to share the profits reaped from investments carried out by the bank with your deposits.
Your profit rates will depend on how much you choose to deposit - the more your keep with Alliance, the more you will earn.
What is good about Alliance Hybrid Account-i?
For your convenience, you can have free access to Internet banking via allianceonline. In order to get this done, you have to register at your nearest Alliance Bank branch.
An auto-debit service will be available for any loans and credit cards repayments with Alliance Bank. You will also receive an Alliance Debit MasterCard upon account opening.
What do I need to apply for this account?
Individuals aged 18 years and above can open this current account with only RM250 or RM500 (with chequebook).
Do I need an introducer to start Alliance Bank Basic Current Account?
Yes, you need an introducer to start a new Alliance Hybrid Account-i with Alliance Islamic Bank.
What are the fees and charges?
There are a few 'sneaky' bank fees that you are required to pay if you're not careful: