What is the RHB Multi Currency Visa Debit Card-i?
This is the ultimate tool for frequent travellers, e-commerce shoppers, and anyone managing money globally! The RHB Multi Currency Visa Debit Card-i links directly to your Multi Currency Account-i, allowing you to manage and spend in 33 different foreign currencies seamlessly alongside Ringgit Malaysia. It’s designed to protect your wealth by locking in low exchange rates and eliminating conversion fees when you pay using the currency you already hold in the account.
Benefits of RHB Multi Currency Visa Debit Card-i
The card is packed with features designed to maximize your savings, protect your purchasing power, and align your transactions with Shariah principles.
- Zero Conversion Fees: Spend the foreign currency balance you hold with no currency conversion fees charged by the bank on overseas retail spend.
- Rate Lock Security: Buy foreign currency when rates are low and lock in the exchange rate to protect your spending power from market fluctuations.
- Attractive Interest: Enjoy attractive profit rate on the foreign currency balances you hold in your account (applicable to selected currencies).
- Shariah-Compliant Option: Structured under Shariah principles such as Ujrah, and is ideal for Umrah/Hajj pilgrims and those seeking Shariah-aligned banking.
What Are The Fees That I Need To Pay?
Understanding the clear and competitive fee structure associated with the RHB Multi Currency Visa Debit Card-i is key to maximizing its cost-saving benefits.
- Issuance Fee: RM20.00.
- Annual Fee: RM20.00.
- Card Replacement Fee: RM15.00.
- Overseas Conversion Fee: 1% of the converted amount. This fee applies only if there are insufficient funds in the specific foreign currency and the transaction is deducted from your Ringgit account.
- ATM Withdrawal Fee (Overseas): RM12.00 per withdrawal via the Visa network.
- ATM Withdrawal Fee (RHB ATM): Free.
- ATM Withdrawal Fee (Local Bank MEPS): RM1.00 per withdrawal.
Who Can Apply For This Debit Card?
The RHB Multi Currency Visa Debit Card-i is designed for a broad range of individuals with international banking needs, providing flexibility for global lifestyles.
- Individuals aged 18 years and above.
- Required to open an RHB Multi Currency Account-i (and a compulsory Ringgit Current or Savings Account/-i) with RHB Bank or RHB Islamic Bank.
- Target audience includes frequent travellers, business travellers, expats, parents with children studying abroad, and e-commerce shoppers.
How To Apply for This Debit Card?
The application process is straightforward, whether you are a new customer opening the Multi Currency Account-i for the first time or an existing account holder.
New Multi Currency Account Holder
- Open Accounts: Open your Multi Currency Account-i along with an RHB Current or Savings Account-i.
- Convert and Earn: Convert Ringgit Malaysia to your 33 preferred currencies via RHB Online Banking, and earn interest on your selected foreign currency balances.
- Spend Fee-Free: Get your RHB Multi Currency Visa Debit Card-i and transact overseas with no currency conversion fees on retail spend.
Existing Multi Currency Account Holder
- Convert & Lock-in: Exchange Ringgit for your 33 preferred currencies online and earn interest on your balance.
- Zero Fee Spend: Get your RHB Multi Currency Visa Debit Card-i and use it globally to pay retail price with no conversion fees.
