Alliance Hybrid Account

What makes a hybrid account? The combination of a cheque book and online banking facility for easy cash management. Earn high interest on your account balances upward of RM500,000.

Alliance Hybrid Account
Interest Rate
0.4% to 0.65% p.a.
Service Charge
Min. Deposit
Phone Banking
Account Statement

Interest Rate

What you earn based on the amount that you have in your account

Min. AmountMax. AmountInterest Rate
RM100,000RM500,0000.4% p.a.
RM500,001No maximum0.65% p.a.


What would make it different?

Online Banking
PIDM Protected
Up to RM250,000

Fees & Charges

Service Charge
RM15 every 6 months
Early Closure Fee
Dishonoured Cheque Fee
Stop Payment Cheque Fee


Minimum Age
  • 18 years old
Minimum Initial Deposit
Who can apply
  • Malaysians
  • Permanent Residents

More Information

How does Alliance Hybrid Account work?

This is an Islamic current account offering high dividend rates for individuals only. It works similar to a savings account whereby you can tuck away your money in a trusted hand of a bank, and let it works hard for you.

Every month, regardless of your account balance, you will get rewarded with profit rate. Plus, you can also withdraw cash whenever you need it, pay bills via Standing Instruction and write cheques to clients.

What do I get upon opening of this current account opening?

First of all, you will get access to Alliance Bank's banking services from cash withdrawal, fund transfer, bill payment, promotions etc. To enjoy all of these, you will be issued with an Alliance Bank Debit MasterCard and online banking account ID.

You can manage cash flow and keep track of your past transactions via monthly statement, which is easily retrieved via allianceone online banking and also Phone Banking.

That's not all, you can link your Alliance Bank credit card to your current account for the purpose of loan / credit card payment.

A cheque book will also be made available to you for your daily banking transactions, should you request one.

Who can apply for this Islamic current account?

Individuals aged 18 years and above can open this current account. To open an Alliance Hybrid Account, you do not need an introducer, just standby RM250 as an initial deposit and bring along your personal and income documents upon registration.

If you want to enjoy the convenience of cheque book facility, a minimum of RM1,000 initial deposit is required.

What are the fees and charges I should know?

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

  • Half yearly Service Charge: RM15 regardless of balance
  • Early Account Closure: RM20, if closed within 3 months of opening
  • Cheque Processing Fee: RM0.50 per leaf, plus RM0.15 Stamp Duty
  • Dishonoured Cheque: RM150, due to insufficient funds
  • Stop Payment Cheque: RM15, upon instruction
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