AmBank TRUE Transact Account

Enjoy free 5x Interbank GIRO (IBG) cash transfers and MEPS withdrawals at ATMs in Malaysia each month. Have the convenience of cashless payments!

AmBank TRUE Transact AccountFree Unlimited IBGs
Interest Rate
0.05% p.a.
Min. Deposit
RM500
Phone Banking
Available
Account Statement
eStatement (via email)

Interest Rate

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

Min. AmountMax. AmountInterest Rate
RM1No maximum0.05% p.a.

Features

What would make it different?

Online Banking
AmOnline
PIDM Protected
Up to RM250,000

Fees & Charges

MEPS Withdrawal Fee
RM1
Early Closure Fee
RM20

Requirements

Minimum Initial Deposit
RM500
Who can apply
  • Malaysians

More Information

Why should I open an AmBank TRUE Transact Current Account?

This account is part of the TRUE Deposit Account that comes with a TRUE Savers Account and a TRUE Debit MasterCard. It is a great banking system for anyone who would like to consolidate their banking and finances, as well as manage them collectively on one platform. In this case, it would be AmBank TRUE.

Additionally, through AmOnline, account holders can enjoy the convenience of online transactions right from the comfort of home. AmOnline allows users to conduct a multitude of activities ranging from checking account balance and activity to conducting transfers and bill payments.

Are there any Special Terms and Conditions required for this Current Account?

The TRUE Transact Current Account requires the individual to be of age 18 and above and be a Malaysian citizen or have a valid work permit.

This account also requires a minimum deposit of RM20.

Do I need an introducer to start an TRUE Transact Current Account?

No, the current account does not require an introducer.

Are there any charges on Cheque Book issuance?

No, cheque books are provided with the account, giving holders unlimited and easy access to funds.

Is there Overdraft Protection on the TRUE Transact Current Account?

There is no overdraft protection for individual accounts. Overdraft protection is only eligible for corporate accounts with the minimum amount dependent on the assets held by the entity. An interest rate of 1% will be incurred calculated on a daily basis.