RHB Smart Account

RHB Smart Account and RHB Smart Account-i are accounts that reward a customer based on the banking transactions that the customer performs (“Account”).

RHB Smart Account is a conventional current account, whereas, RHB Smart Account-i is an Islamic current account under the Commodity Murabahah (cost plus profit) via Tawarruq Arrangement concept.

The Account is available to all Residents and Non Residents, aged 18 years and above and under single name only. Joint account is not allowed for this Account.

Yes, the minimum initial deposit is RM1,000.

There are 2 options available to earn from the account:

• Bonus Rates ; or
• Loyalty Points

• Bonus Rates of up to 6.80% p.a.; or
• Loyalty Points of up to 20,000 points

The range of interest/profit and benefits for the Accounts are as follows:

BASE Interest/Profit Rate

*Note: Interest/ profit rate is subject to changes.

• Formula of calculation for Base Interest/Profit Rate
  = Daily End Balance x Base Interest/Profit Rate
      Actual Number of Days for the Year
  
  

• Formula of calculation for Monthly Average Balance (“MAB”)
  = Total Daily End Balance
      Actual Number of Days for the Month

BONUS Interest/Profit Rate

*Note: Interest/ profit rate is subject to changes.

• Formula of calculation of Bonus Interest/Profit for Save, Pay & Spend
  = MAB x Bonus Interest/Profit Rate x Total Calendar Days in the Month
      Actual Numbers of Days for the year
  

• Formula of calculation of Bonus Interest/Profit for Invest
  = Net Investment Amount x Bonus Interest/Profit Rate

The requirements are as follows:

Bonus Rates:
The requirements are as follows:

• Must maintain minimum Monthly Average Balance (MAB) of RM1,000 in the Account.
• Deposit a minimum of RM2,000 during the month into the Account.

• Must maintain minimum Monthly Average Balance (MAB) of RM1,000 in the Account.

The requirements are as follows:

• Must maintain minimum Monthly Average Balance (MAB) of RM1,000 in the Account.
• Deposit a minimum of RM2,000 during the month into the Account.
• SAVE Bonus Rate interest/profit will be credited into the Account every 15th calendar day of the next occurring month.

The requirements are as follows:

• You may sign up to become our payroll customer at RHB Joy@Work portal.
• It can be done via self-enrolment or Company.

More details may refers to RHB Personal Banking Standard Terms & Conditions – RHB Smart Account/-i.

Bonus Rates:

• Refers to table below:

  Transactions	Incremental Balance2
  	<RM1,000	≥RM1,000
  ≤RM9,999.99	0.30% p.a.3	0.50% p.a.3
  >RM10,000 – RM49,999.99	0.80% p.a.3	1.00% p.a.3
  >RM50,000 – RM100,000	1.40% p.a.3	1.60% p.a.3

  ¹ Bonus Rate is applicable on account with minimum MAB of RM1,000 up to RM100,000
  ² The incremental balance is calculated based on the MAB of previous month
  ³ The bonus rate is for every category achieved, up to a maximum of 3 categories

Loyalty Points:

• Refers to table below:

  Balance Incremental¹		Maximum Capping for the month
  <RM500	≥RM500
  500 pts²	1,000 pts²	5,000 points for each transactional pillar 20,000 points for RHB Smart Account

  ¹ Incremental balance is calculated based on the MAB of previous month
  ² Loyalty points is for every category achieved, up to a maximum of 20,000 points

More details may refers to RHB Personal Banking Standard Terms & Conditions – RHB Smart Account/-i.

In order to enjoy PAY Bonus Rate, you must meet SAVE criteria as per below first before you are entitled for the PAY Bonus rate:-

• Must maintain minimum Monthly Average Balance (MAB) of RM1,000 in this Account.
• Deposit a minimum of RM2,000 during the month into the Account.

• In order to earn the PAY Bonus Rate, customer is to ensure to perform eligible transactions as stated in PAY table above.
• If there is any delay in the transmission or posting of any retail transactions, Bonus Rate will be computed based on the posting date.
• If there are any retail transactions not reflected in the RHB statement due to any failure, Bonus Rate will not be computed.
• RHB is not responsible for any failure or delay in the transmission or posting of any retail transaction. RHB’s records on the posting date of any retail transaction shall be final, conclusive and binding.

Yes, included under PAY Bonus Rate

Yes, spend made under JomPAY of the Credit Card’s Accountholder are included under SPEND Bonus Rate.

Overdraft facility is NOT available for this Account.

Cheque book facility is available upon request and subject to cheque book Terms and Conditions.

No. You can only maintain one (1) Account at any one time, either RHB Smart Account or RHB Smart Account-i.

Yes. Only RHB Smart Account can be tagged to conventional RHB Debit Card and RHB Smart Account-i can be linked to RHB Islamic Debit Card-i.

Monthly Account Statement for this Account can be viewed via RHB Online Banking.

Yes. Please refer to RHB Bank and/or RHB Islamic Bank’ Standard Fee & Service Charges (https://www.rhbgroup.com/others/service-charges/index.html)

You can contact our Customer Care Centre at 03-9206 8118