What is the RHB Premier Multi Currency Visa Debit Card?
This is the ultimate tool for elite travelers and astute money managers! As a Premier-tier card, it links directly to your Multi Currency Account, allowing you to manage and spend in 33 different foreign currencies seamlessly. It’s designed to protect your wealth by locking in exchange rates and eliminating conversion fees when you pay the currency you already hold.
What are the Benefits?
- Zero Conversion Fees: Spend the foreign currency balance you hold with no conversion fees charged by the bank.
- Rate Lock Security: Buy foreign currency when rates are favourable and protect your spending power from currency fluctuations.
- Fee Waiver Perks: The annual fee is waived for the first year (with an initial USD200 equivalent deposit), and subsequently waived if you achieve a minimum retail spend of RM3,000 per year.
- Attractive Interest: Earn attractive monthly interest on the foreign currency balances you hold in your account.
Who Can Apply For This Debit Card?
- Individuals aged 18 years and above.
- Required to open an RHB Multi Currency Account (and a compulsory Ringgit Current or Savings Account).
- To get the fee waiver, an initial deposit of USD200 or its equivalent is required.
What Are The Required Documents To Apply for This Debit Card?
- Complete application and declaration form.
- Provide a copy of your Identity Card and/or Passport.
- Relevant supporting documents are required for specific purposes, such as an enrolment letter for education or a working visa for employment.
What Are The Fees That I Need To Pay?
- Annual Fee: RM20.00 (Waived for the first year with a USD200 initial deposit and subsequently waived with a minimum RM3,000 annual retail spend).
- Card Replacement Fee: RM15.00.
- Overseas Conversion Fee: 0% if funds are available in the Multi Currency Account; otherwise, 1% if debited from the Ringgit Account.
- ATM Withdrawal Fee (Overseas): RM12.00 per withdrawal via Visa/MasterCard network.
- ATM Withdrawal Fee (RHB ATM): Free.
- ATM Withdrawal Fee (Local Bank MEPS): RM1.00 per withdrawal.
