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


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
  • MEPS Withdrawal Fee
    Overseas Withdrawal Fee
    Early Closure Fee
    Dishonoured Cheque Fee
    Stop Payment Cheque Fee

    All fees & charges are inclusive of 6% GST if applicable


    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 without Overdraft Facility exclusively for individuals only. The Alliance Hybrid Account-i is based on the concept of Wadiah Yad Dhamanah, meaning it is a guaranteed safe custody whereby the bank may reward the depositors in the form of hibah (gift). 

    Your hibah rate will depend on Alliance Islamic Bank's discretion - it could be attractive if you have maintained high minimum average balance every month.

    What is good about Alliance Hybrid Account-i?

    For your convenience, you will be issued a cheque book for you to perform daily banking transactions. Besides that, you will also get an Islamic debit MasterCard upon opening of this account (for first timer). If you already owned one, just link it to your Islamic current account.

    That's not all, you can have free access to Internet banking via allianceonline by registering your details at your nearest Alliance Islamic Bank branch. This way, you can efficiently manage your finances one-shot and save a lot costs compared to doing it manually.

    What do I need to apply for this account?

    Individuals aged 18 years and above can open this current account. There are two options: with cheque book facility, you need to deposit RM500; whereas without one, only half the amount of the former.

    Do I need an introducer to start Alliance Islamic Bank Basic Current Account?

    Nope. You do not 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:

  • Cheque 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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