What Is the RHB Corporate MyDebit Card-i?
The RHB Corporate MyDebit Card-i is a Shariah-compliant payment instrument offered by RHB Islamic Bank, designed specifically for corporate and business use. It provides a quick and modern cashless method for businesses (including private limited companies, public limited company, sole proprietors, and partnerships) to pay local government agencies. By reducing the need for paper cheques and cash, this card helps streamline corporate spending and financial administration.
What Are the Benefits For This Debit Card?
The RHB Corporate MyDebit Card-i is built to enhance business efficiency and control over corporate funds.
- Cashless Payments to Government Agencies: The main benefit is the ability to easily and quickly make payments to domestic Government Agencies, significantly reducing the hassle of handling cash or preparing cheques.
- Multiple Card Issuance: Businesses can issue multiple cards to authorized employees under a single company account, allowing for centralized management and clear tracking of expenditure across the organization.
- Shariah-Compliant: The card adheres to Islamic principles, providing businesses with an ethical way to manage their funds.
- Direct Linkage: Funds are debited directly from the linked RHB Islamic business account, ensuring spending stays within available balances.
What Are the Fees That I Need To Pay?
This is a breakdown of the typical fees associated with the RHB Corporate MyDebit Card-i.
- Annual/Issuance Fee: RM12.00
- Card Replacement Fee: RM15.00
- ATM Withdrawal Fee (RHB ATM): Free
- ATM Withdrawal Fee (Local Bank MEPS): RM1.00 per withdrawal
- ATM Withdrawal Fee (Overseas via Mastercard Network): RM12.00 per withdrawal.
Who Can Apply For This Debit Card?
The card is intended for business entities that wish to authorize their employees for transactions.
- Eligibility: Applicable for authorized employees of officially registered business entities, including:
- Private Limited Companies (Sendirian Berhad)
- Public Limited Companies (Berhad)
- Sole Proprietorships
- Partnerships
- Application Requirement: Applicants must be present at an RHB branch to validate their MyKad/passport and submit a completed application form with supporting company documents.
