Why should I choose the Alliance Islamic Junior Debit Card-i for my child?
You can empower your children with the skills to manage money responsibly from a young age with the Alliance Islamic Junior Debit Card-i.
It serves as a powerful tool for financial education and a safety net for emergency funds.
This card offers a secure, cashless payment solution that gives both you and your child peace of mind, featuring:
- Global acceptance: Welcomed at over 29 million merchants worldwide.
- Convenient cash access: Withdraw cash easily from over 12,000 MEPS ATMs in Malaysia and more than 1 million MEPS or Cirrus ATMs globally.
- Tap and go convenience: Enjoy fast and secure contactless payments! A simple tap is needed for purchases up to RM250, with no PIN required.
- 24/7 account access: Keep track of balances and transactions in real-time through Allianceonline or any Alliance Bank ATM.
Is it safe for my child to have a debit card?
Absolutely. The Alliance Islamic Junior Debit Card-i is designed with extensive parental controls, ensuring your child can learn financial independence within safe boundaries.
You decide the personalised daily spending and ATM withdrawal limits, preventing any chance of overspending. The default and maximum limits are structured as follows:
- For eSaving, Hybrid Standard, and Hybrid AP Platinum accounts:
- Daily Spending Limit: RM1,000 (Default), adjustable up to RM5,000.
- Daily Withdrawal Limit: RM3,000 (Default), adjustable up to RM10,000.
- For Hybrid PB Platinum accounts:
- Daily Spending Limit: RM1,000 (Default), adjustable up to RM8,000.
- Daily Withdrawal Limit: RM3,000 (Default), adjustable up to RM10,000.
Additionally, all transactions made with this debit card-i are protected with a six-digit PIN, offering strong protection against fraud if the card is lost or stolen.
Any fees or charges I should know about?
There are a few fees associated with the card:
- Annual fee: RM12 (for Hybrid/ Hybrid-i accounts) or RM8 (for other accounts).
- Card replacement: RM12 (for Hybrid/ Hybrid-i accounts) or RM8 (for other accounts).
- MEPS cash withdrawal: RM1 at local banks and RM4 at locally incorporated foreign banks.
- Overseas transactions:
- CIRRUS cash withdrawal: RM8
- CIRRUS balance inquiry: RM1
- Foreign Exchange conversion fee: 1% of the transaction amount.
