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RETAIL BANKING | Staff Reporter, Malaysia

RHB allows customers to open accounts online

Find out more about the RHB Smart Account and RHB Smart Account-i.

RHB Bank Berhad launched deposit accounts, RHB Smart Account and RHB Smart Account-i, that offer customers attractive returns of 3% per annum +1% Bonus Pay-outs when they Save, Pay Bills Online, Spend and Invest with RHB.

The RHB Smart Account and RHB Smart Account-i are accounts that can be opened online and will reward a customer based on the banking transaction that the customer performs. The RHB Smart Account is a conventional account, whereas, RHB Smart Account-i, is an Islamic account under the Commodity Murabahah (cost plus profit) concept.

Mr U Chen Hock, Executive Director, Group Retail Banking, RHB Banking Group said, “The RHB Smart Account and RHB (Islamic) Smart Account-i allow customers to open their account online, doing away with the unnecessary paperwork, hence simplifying the account opening process to not more than 10 minutes. Aimed at the more tech-savvy mass affluent segment, this account will provide this segment of our customers as well as those New to Bank customers with the flexibility to manage their own account and lifestyle while planning for their future, all conveniently available at their fingertips.”

With a minimum of RM2,000 monthly deposit and maintaining an average balance of RM1,000 in this account, account holders can qualify for the attractive Bonus Payouts by making bill payments online, spend using their RHB credit or debit cards, or when they invest with RHB.

The bonus payout is capped at up to RM100,000.00 monthly account balance. The 1% Bonus Payout is on the investment amount and not account balance.

“The RHB Smart Account complements customers increasing inclination to use the internet and mobile devices for their banking and financial needs. As of January 2017, the total number of users has grown to 2.24 million,” added Chen Hock.

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