Alliance Bank

Alliance Hybrid Account-i

No need for an introducer! - Apply now with only RM500 and watch as you earn dividends on your account balance. Plus, you get a cheque book for free.

    • Islamic account
    • Free Cheque Book
    • Account Statement
    • No Introducer Required
  • Min. AmountMax. AmountProfit Rate
    RM1000RM100000.5% p.a.
    RM10001RM500000.75% p.a.
    RM50001RM1000001% p.a.
    RM100001RM5000001.5% p.a.
    RM500001no maximum2% p.a.


What would make it different?

Online Banking
PIDM Protected

Fees & Charges

There are always fees but how much are they?

Service Fee
  • RM10.60 every 6 months
  • Waived with monthly average balance of RM1000
  • Early Closure Fee
    Dishonoured Cheque Fee
    Stop Payment Cheque Fee

    *inclusive of 6% GST


    Are you eligible for this account?

  • Malaysians
  • Minimum Age
    18 years old
    Minimum Initial Deposit
    Minimum Balance

    Frequently Asked Questions about Alliance Hybrid Account-i

    Things you might want to know

    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:

  • Cheques dishonoured due to insufficient funds will be charged for RM100. 
  • Service account is RM20 for each new opening account. 
  • A RM20 charges will be imposed if you close this current account within 3 months from date of opening account.
  • If you close it after 3 months from date of opening account, you are required to pay RM10.
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