RHB Bank Berhad (RHB) is the first Malaysian bank to introduce Multi Currency
VISA Debit Card which offers access to 13 foreign currencies alongside the Malaysian Ringgit.
RHB Multi Currency VISA Debit Card and RHB Premier Multi Currency Visa Debit Card supports US Dollar, Canadian Dollar, Euro, Japanese Yen, Pound Sterling, Australian Dollar, New Zealand Dollar, Swiss Franc, Hong Kong Dollar, Saudi Riyal, South African Rand, Singapore Dollar, and Thai Baht.
With the launch of RHB’s Multi Currency Debit Cards, customers of RHB Bank
- Will be able to better manage foreign currency fluctuation and enjoy access to transact in various currencies from anywhere in the world
- Withdraw cash through ATMs worldwide, hence relieving the customers from having to
carry a lot of cash while travelling, which would minimise the risk of losing cash while in
- Have the flexibility to take advantage of prevailing competitive exchange rates and earn
interest on foreign currency balances deposited in Multi Currency accounts. This enhances the value of customers foreign currencies held in Multi Currency accounts
- Have the ability to use the Multi Currency debit cards for overseas retail spending at any
retail outlets, restaurants and petrol stations without additional conversion fees typically
associated with Credit Cards
- Enjoy larger currency conversion as compared to current multi-currency prepaid cards
offered in the market. This provides higher convenience and better customer experience
- Are assured their deposits in their Multi Currency accounts are protected by PIDM
“The launch of the Multi Currency debit cards is part of RHB’s commitment towards making banking more convenient, fast and seamless for our customers.
This debit card will empower our customers’ lifestyles and provide a gateway for their various financial needs without the hassle of having to open an account in different countries. We will continue to pursue our aspirations to provide greater convenience by bringing banking closer to our customers,” said Dato’ Khairussaleh Ramli, Group Managing Director, RHB Banking Group.
“Currently, we have more than two million debit cards in circulation and in the first year, we expect to issue 15,000 new Multi Currency Visa debit cards.” added Dato’ Khairussaleh.
Ng Kong Boon, Visa Country Manager for Malaysia said, “We are extremely excited to introduce the first multi currency debit card in Malaysia to our esteemed cardholders, namely the RHB Multi Currency Visa Debit Card and RHB Premier Multi Currency Visa Debit Card.
Based on our research and data, travel is one of the top spend categories amongst Malaysians so this product would be extremely beneficial to them when they travel and pay for their purchases in a foreign currency.
With this debit card, Malaysians no longer need to go to the moneychanger and worry about bringing too much cash with them when they travel. More importantly, they will enjoy extremely competitive exchange rates on 13 foreign currencies when they use their debit cards without any conversion charge or transaction fees. We hope more Malaysians will adopt and embrace digital payments, even when they’re travelling abroad.”
Customers can open a RHB Multi Currency Account which offers Multi Currency debit card with a minimum initial deposit of USD1000 or its equivalent.
Customers who already have a Ringgit Malaysia Current or Savings Account with RHB Bank, can automatically opt to open a Multi Currency Account. For those who intend to open an RHB Multi Currency Account, please visit the nearest RHB Bank branch or call 603 – 9206 8118 for assistance.