Empower your teen’s first debit card with controlled spending limits, global access, and real-time monitoring via Alliance Bank.
Product summary
Annual Fee
RM8
ATM Withdrawal Fee
Free*
Overseas Transaction Fee
1%
Card Replacement Fee
RM8
Fees & Charges
Issuance Fee
RM8
Annual Fee
RM8
ATM Withdrawal Fee
RM1 per withdrawal on Local MEPS ATM
RM8 per withdrawal on Overseas ATM
Free for Alliance Bank ATM
Overseas Transaction Fee
1.00% of the total amount transacted
Card Replacement Fee
RM8
Requirements
Minimum Age
13 to 17 years old
Who can apply
Anybody
Review
What Is the Alliance Junior Debit Card?
The Alliance Junior Debit Card is designed to be your child's first step toward financial literacy! This card provides a safer, more convenient alternative to cash for individuals aged 13 to 17. It is linked to a deposit account and puts the power of payment, with the safety of parental control, right into your child's hands.
What Are the Benefits?
Financial Safety Net: The parent or guardian gets to set the daily spending limit (POS) and ATM withdrawal limit. This means you decide how much financial freedom your child has, ensuring they stay on budget.
Global Acceptance: The card is a dual-brand (MyDebit and MasterCard®), meaning it is accepted for payment at 29 million merchants around the world.
Online Ready: The card is enabled for Card-Not-Present (CNP) transactions, making online shopping possible (within the limits you set).
High Convenience: Your child can make quick, secure payments with contactless transactions (no PIN required for transactions up to RM250 in Malaysia).
Security Guaranteed: The card is protected by a 6-digit PIN for all payment types and is eligible for protection by PIDM (Perbadanan Insurans Deposit Malaysia).
Who Can Apply for This Debit Card?
Individuals from 13 years old to 17 years old.
The child must have an eligible deposit account linked to the card.
What Are the Required Documents to Apply for This Debit Card?
As the card is linked to a deposit account, the required documents typically include:
The child's and parent/guardian's Identification Documents (e.g., NRIC/MyKad or Passport).
The necessary forms to open the linked deposit account.
What Are the Fees That I Need to Pay?
Card Issuance / Annual Fee: RM8.00.
Card Replacement Fee: RM8.00.
MEPS Cash Withdrawal (at other local/foreign banks): RM1.00 per transaction.
CIRRUS Cash Withdrawal (Overseas): RM8.00 per transaction.
Overseas Transactions Conversion Fee: MasterCard conversion rate plus a 1% foreign exchange conversion spread by Alliance Bank.
Sales Draft Retrieval Fee: RM20.00 per copy.
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