What is the HLB Multi-Currency Debit Card?
The Hong Leong Multi-Currency Debit Card is an essential travel and spending solution that works by linking directly to your HLB Pay&Save Account's Multi-Currency Facility (MCF). This unique feature allows you to pre-purchase and save up to 12 foreign currencies in your digital wallet.
By spending with the pre-loaded currency, you lock in favourable exchange rates and transact globally without worrying about rate fluctuations or incurring unexpected foreign currency mark-up fees. Embrace smart spending and seamless global travel!
Frequently Asked Questions (FAQ)
1. What are the key benefits of the HLB Multi-Currency Debit Card?
The card provides flexible, secure, and transparent control over your money while you travel or shop internationally:
- Rate Lock-In: You can convert MYR to 12 supported foreign currencies (including USD, EUR, JPY, SGD, and more) when the exchange rate is favourable, and spend at that exact rate.
- Zero Conversion Mark-ups: When you use a pre-loaded foreign currency, there are no additional HLB fees for conversion on your purchase.
- Convenient Management: Easily top up, convert funds, monitor balances, and manage security via the HLB Connect App and HLB Connect Online.
- Fee Waiver Opportunity: The card fee (if applicable) is waived if you deposit a minimum of Ringgit Malaysia One Hundred (RM100) equivalent in any foreign currency to the linked account within two (2) months of the Debit Card Issuance date.
2. What are the fees and charges I have to pay?
The card is linked to the HLB Pay&Save Account. While general fees apply to that account, key card-related charges are:
- Issuance Fee (One-off): Applicable fee (check the bank's latest Fee & Charges document, but often waived with conditions).
- Annual Fee: Varies based on account type (refer to HLB's official documentation for current rates).
- Foreign Currency Conversion Fee: Zero when spending in a currency where you have a sufficient balance in that specific wallet.
3. Who can apply for the HLB Multi-Currency Debit Card?
To apply for the card, you must meet the following requirement:
- You must be an active Hong Leong Bank Pay&Save Accountholder (which includes the Multi-Currency Facility).
4. How can I apply for the HLB Multi-Currency Debit Card?
The card is currently issued at physical locations:
- Visit an HLB Branch: You must visit your nearest Hong Leong Bank (HLB) branch to apply and receive your card, provided you already hold or are opening an HLB Pay&Save Account.
