Who can apply for Al-Rajhi Savings Account-i?
Anyone holding an NRIC, Military or Police ID and Passport and resides in Malaysia can open Al-Rajhi Savings Account-i as long as you meet the minimum requirement. There are 2 types of savings accounts you can open with Al Rajhi Bank:
- Personal savings account for individual aged 13 years and above;
- Trust savings account for children aged 1 month to 12 years old.
Next, you need to standby an initial deposit of RM20 (RM10 for young savers) for the account opening and maintain a minimum account balance of RM10 at any time.
What do I get upon Al-Rajhi Savings Account-i opening?
Once you have successfully enrolled into Al-Rajhi Savings Account-i, you have the access to banking services such as 24-hour ATM, Al-Rajhi Debit ATM Card-i, alrajhi@24seven online banking facility and a choice of periodic e-statement delivered to your inbox.
Why should I open a savings account with Al Rajhi Bank?
If you're looking to park your hard-earned money in a secured and Shariah compliant environment, have a go at Al Rajhi Bank. This Malaysia-domiciled foreign bank is among the biggest banks in Saudi Arabia.
That's not all, the bank also offers a comprehensive financial solution for your needs from personal, home and car financing to wealth management products.
Is it safe to keep my money in this savings account?
Absolutely. Rest assured, your hard-earned money will be insured by PIDM for up to RM250,000. Also, Al Rajhi Bank will ensure that your principal is guaranteed as per Qard principle.